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BMB Investment Bank in treasury tech revamp with TCS Bancs

New treasury tech project for TCS in Bahrain

Bahrain-based BMB Investment Bank has opted to modernise its treasury operations with the TCS Bancs system from TCS Financial Solutions.

Abu Dhabi wants eyes open wide via digital currency guide

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The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has set out its approach to initial coin offerings (ICOs) and virtual currencies under the Financial Services and Markets Regulations (FSMR). It cites the usual stuff that distributed ledger technology (DLT) has “extraordinarily wide application to financial services and markets as a whole” […]

Mashreq launches Neo digital bank for millennials

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Dubai-based Mashreq has confirmed its future as a branchless bank, with the launch of its digital entity Mashreq Neo. As reported in May, Mashreq was mulling the branchless route in a speech by CEO Abdul Aziz Al Ghurair at its 50th anniversary ceremony. At that time, Banking Technology expected this to be a digital bank […]

Calypso lands IT overhaul deal with Invest AD

Calypso gains first tech site in UAE

Abu Dhabi Investment Company (Invest AD) is implementing new treasury and asset management software from Calypso, front-to-back office.

Bank of Khartoum turns to Path Solutions core banking system for UAE move

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Bank of Khartoum (BOK) is implementing Path Solutions’ iMAL Islamic core banking system for its new branch in the United Arab Emirates – BOK International UAE. As reported last year, BOK opened its first international branch (in Bahrain), underpinned by Path’s iMAL. Path Solutions is a long-standing tech supplier to the Sudanese bank, but says […]

Commercial Bank of Dubai in core banking platform upgrade

CBD in core banking tech refresh

International Turnkey Systems (ITS) has upgraded its core banking system, Ethix, at Commercial Bank of Dubai (CBD).

Mashreq Bank revamps with NCR tablet and video banking tech

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Dubai-based Mashreq Bank will revamp its banking services in the UAE with the help of NCR technology over the next six months. NCR says Mashreq will be the first in the region to deploy its tablet-based Interactive Banker, which lets tellers come out from behind their counters to help customer’s complete transactions. Sandeep Chauhan, head […]

Bahrain’s fintech sandbox fires up with dynamic duo

Bahrain

Anything UAE can do, we can do better. No you can’t, yes we can. The UAE has got some competition as the Central Bank of Bahrain (CBB) has welcomed the first members to its new regulatory sandbox – mobile banking firm Now Money and finserv provider Tramonex. As reported in June, CBB announced new regulations […]

Dubai and Hong Kong hug for fintech innovation

puzzle with the national flag of hong kong and united arab emirates

The Dubai Financial Services Authority (DFSA) and the Securities and Futures Commission (SFC) in Hong Kong have entered an agreement to establish a framework of co-operation for fintech innovation. Both authorities will share information on developments and the agreement “also intends to encourage both regulators to refer innovative firms to one another’s markets and to […]

Dubai’s FinTech Hive accelerator kicks off

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Dubai International Financial Centre’s (DIFC) inaugural FinTech Hive accelerator programme has started with the first batch of 11 finalists. As reported in April, DIFC called for applications for its FinTech Hive. 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. Raja […]

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