UAERSS

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

Bank of Khartoum 1

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

Mashreq 1

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 […]

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

fintech hive logo

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 […]

Abu Dhabi Global Market and UAE Exchange partner for “vibrant fintech ecosystem”

ADGM and UAE Exchange team for fintech ecosystem

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi and UAE Exchange have teamed up “to support, develop and promote the fintech” ecosystem in the country.

Al Masraf to swap ITS Ethix for Temenos T24 core banking system

Al Masraf to overhaul front-to-back office tech with Temenos

UAE-based Arab Bank for Investment and Foreign Trade (Al Masraf) is modernising its front-to-back office technology with Temenos. On the way out is the Ethix core banking system from regional vendor International Turnkey Systems (ITS).

Abu Dhabi’s first fintech innovation challenge for start-ups launched

FINTECH ABU DHABI INNOVATION CHALLENGE

Abu Dhabi Global Market (ADGM) and KPMG are launching the first Fintech Abu Dhabi Innovation Challenge – a five-week programme for “innovative and mature start-ups across the globe”.

Abu Dhabi and Kenya form fintech bridge

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, and the Capital Markets Authority (CMA) Kenya have signed a co-operation agreement for fintech innovation. The agreement provides a framework for information sharing; and keeping abreast of regulatory and relevant economic or commercial developments in the respective markets. They will also support fintech […]

Paysafecard enters UAE to enable online payments with cash

paysafecard logo

Paysafecard announced its entrance into the UAE with its flagship prepaid payment solution, which enables consumers to pay cash in retail stores for a prepaid PIN they can use to shop online.

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