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Financial Services news in the Middle East | Page 3

An overview of news, trends and research in the Financial Services industry in the Middle East:

Emirates Development Bank taps CBRE for sale of former headquarters Emirates Development Bank has appointed CBRE as the exclusive selling agent of its former office headquarters in Abu Dhabi and Dubai.
07 December 2022
KPMG delivers training to compliance officers of Bahraini banks Experts from KPMG have delivered a training program to compliance officers of Islamic banks in Bahrain.
23 November 2022
Dubai and Oman to host two major digital banking summits The Middle East is set to host two major financial services-focused conferences next month, with the Digital Banking & Payments Summit and NextGen Banking & Technology Summit taking place in Dubai an
17 October 2022
Payments-focused fintechs offer opportunities for banking The rise of new payment services and technology providers has been nothing short of disruptive, driven by an era of consumer centricity, and accelerated by the Covid-19 pandemic.
25 August 2022
First Abu Dhabi Bank selects IBM Consulting as digital partner First Abu Dhabi Bank has selected IBM Consulting as a partner for digital transformation services.
09 August 2022
The financial services sector is at the epicentre of ESG progress The movement towards a more sustainable and human-centric future continues to gain traction, and financial services institutions are not only at the epicentre of change – but also among its key drive
01 August 2022
The role of banks in financial literacy and savings consciousness In the wake of swift technological advancements, the continued growth of middle-class income and the role of social media, the world is witnessing a growing spending culture.
18 July 2022
ESG in the financial services sector: ‘Don’t be late to the party’ Financial services institutions globally and in the Middle East are expected to step up their ESG game.
06 July 2022
UAE retail banks fail to meet online customer service expectations Retail banks across the United Arab Emirates continue to struggle with curbing customer complaints on online channels, according to the latest Banking Sentiment Index conducted by KPMG in partnership
27 June 2022
Bahraini leaders convene to discuss ESG in financial services Last week, over 80 senior leaders from across Bahrain’s financial services sector came together to attend a KPMG seminar dedicated to environmental, social, and governance (ESG) within the industry.
30 May 2022
How financial institutions can embrace decentralised finance Financial service companies in the Middle East, including banks, insurance companies, and fintechs, have a growing interest in the opportunities and risks posed by decentralised finance (DeFi).
10 May 2022
Insurer MEDGULF implements regtech solution from AJMS Group The UAE organisation of Mediterranean and Gulf Insurance and Reinsurance Company (MEDGULF) has taken into use a new regtech solution developed by professional services firm AJMS Group.
29 March 2022
Conventional banks need radical strategic change to turn the tide ADL Middle East managing partner Philippe De Backer explains why the world is falling out of love with traditional banks.
23 March 2022
Profitability of top 10 listed banks in the UAE recovers significantly The profitability of the UAE’s banking sector recovered significantly last year, according to a new report by Alvarez & Marsal, on the back of continued economic recovery and a raft of effective meas
21 March 2022
Five digital innovation priorities for corporate banking With digital transformation redesigning how corporate banks serve their clients and operate internally, leaders at institutional banks are more than ever expected to deliver on their digital innovati
28 February 2022
Cedar supports Islamic Bank in Oman with setup of digital bank When a fast-growing Islamic Bank in Oman set out its ambition to launch a digital only venture, the bank’s management team turned to Cedar Management Consulting for advice.
26 January 2022
Five best practices for successful banking partnerships According to a new report by Oliver Wyman, a large majority of executives in the banking industry believe that forming partnerships and alliances are critical to the success of their strategies.
20 January 2022
The global Islamic fintech banking market: trends and outlook The global Islamic FinTech market is projected to grow strongly in the coming years, as a growing number of Muslims seek to tap into digital finance and banking services that follows Sharia principle
17 January 2022
Tadawul-listed banks continue their solid performance (in 5 charts) Tadawul-listed banks have continued their solid performance over the past quarter, according to KPMG Saudi Arabia’s latest Banking Pulse report.
06 December 2021
How Saudi Arabia's top 10 banks performed in the second quarter Global management consulting firm Alvarez & Marsal has released its second quarter analysis of the state of Saudi Arabia's banking sector. A round of the report's key findings in six charts.
23 September 2021
Dubai’s Klaim bags funding and wins tech innovation competition Dubai-based insurtech platform Klaim has enjoyed a flying start to the post-summer season, roping in $1.
14 September 2021
With Lebanon's banking secrecy suspended, A&M resumes its audit Eight months after withdrawing from the engagement, global management consulting firm Alvarez & Marsal is set to resume its review of Lebanon’s central bank.
20 August 2021
UAE banks need to step up their customer service game Banks in the UAE have struggled to manage the sudden and widespread shift to online customer service over the last year. This is according to a new study by KPMG and BrandsEye.
20 August 2021
Platform banking: the imperative to reshape the business model Banks are facing stiff competition from challengers that have been quick to adopt innovative technologies and embed them into the heart of their operations.
18 August 2021
Six trends sweeping through Middle East's insurance industry Global accounting and consulting giant KPMG has released the latest edition of its ‘Future of Insurance’ report for the Middle East.
05 August 2021
Securing the Middle East’s thriving digital economy The Middle East is thriving as digital transformation sees financial firms harnessing technology to cut costs and increase efficiency.
27 July 2021
Cedar Consulting helps banks with business process re-design Cedar Consulting has an extensive track record in helping clients with re-engineering their operating models and business processes.
26 July 2021
How a new way to think about ESG can create value for banks Governments around the world are rapidly evolving laws and regulations to stimulate the adoption of environmental, social and governance (ESG) practices.
20 July 2021
Cybersecurity considerations for banks in a digital world In the wake of sudden and massive remote working environment accelerated by the Covid-19 pandemic, cybersecurity has been placed among the top concerns of banking executives.
30 June 2021
Future of Saudi banking demands digital maverickism The rapid growth of fintech and the consequences of the Covid-19 pandemic have accelerated the demand for a strong digital leadership for banks, necessitated by both customers who require a touchless
22 June 2021
Meeting UAE's new Consumer Protection Standards for banks The UAE’s Central Bank issued a set of Consumer Protection Regulations and Standards in the first quarter of 2021 – to ensure that licensed financial institutions provide safe and responsible service
31 May 2021
Accompany banking digital transformation with a people strategy The new digital-first ways of conducting business in the banking industry create a knowledge gap that must be bridged.
18 May 2021

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