First Abu Dhabi Bank, the new entity created as a result of a merger between First Gulf Bank (FGB) and National Bank of Abu Dhabi (NBAD), is to centralise its operations on Temenos’ T24 core banking system. The new platform will support the bank’s conventional and Islamic banking operations across the board (retail, corporate, investment […]
Samsung Pay is expanding to four more countries – with official launches in Sweden and the United Arab Emirates (UAE), and it enters early access in Hong Kong and Switzerland. The launches in the UAE and Sweden are Samsung Pay’s first markets in the Middle East and the Nordics. Last month, Nordea launched the beta […]
Saudi Arabia’s Islamic lender Amlak International has chosen Temenos’ T24 core banking system for a tech revamp. The implementation and delivery will be done by National Data Consultants (NDC), a Pakistan-based system integrator and Temenos partner in the Middle East and Asia. T24 will replace Silverlake Axis’ SIBS core banking system, which has been in […]
Al Khaliji France, a Paris-based subsidiary of Qatar’s Al Khaliji Bank, has gone live with a new core banking platform, Temenos’ T24, at its branches in the UAE.
Bahrain-based Bank ABC (Arab Banking Corporation) is modernising its digital channels for retail and wholesale banking customers with Backbase’s tech.
Dubai International Financial Centre (DIFC) is seeking applications for its FinTech Hive at DIFC accelerator programme. The 12-week programme is designed to help early and growth-stage firms accelerate product and business development by gaining exposure to financial institution executives. Successful applicants will be offered the opportunity to develop, test and modify their innovations in collaboration […]
Al-Ahli Bank of Kuwait (ABK) has gone live with a new core banking system at its two branches in the UAE. The new platform is Finacle, supplied by Infosys’ product subsidiary EdgeVerve.
Make the most of your limited time with this brief blockchain and Bitcoin round-up. Featuring Commercial Bank of Qatar, Russia, Waves Platform, and a farmer. The Commercial Bank of Qatar has completed an initial pilot phase using the “first ever” blockchain network to process international transfers in partnership with ABank in Turkey, National Bank of […]
Across the world, branches are disappearing or even getting smaller, but Alawwal Bank, with the help of financial services IT consultancy Synechron, has opened a new digital branch in Saudi Arabia in the form of a coffee shop. The Ibda café is located in the Nakheel mall in Riyadh. The bank says customers can open […]
The kingdom of Bahrain is looking to Singapore’s success as it tries to boost its fintech fortunes with a new ecosystem and regulatory framework. The Bahrain Economic Development Board (BEDB), Singapore Fintech Consortium (SFC) and Dubai-based asset management firm Trucial Investment Partners have teamed up for the development plans. Khalid Al Rumaihi, BEDB’s chief executive, […]