News

March 27, 2017
Top 5 Digital-Only Banks of 2017
Top 5 Digital-Only Banks of 2017 Challenger banks, app-only banks, online banks—call them what you will, but the fact remains: these banks have emerged as a disruptive force that threatens to turn the entire banking industry on its head. As the name suggests, digital-only banks do not have physical branche...
March 22, 2017
Central Bank of Oman to Endorse and Participate in the New Age Banking Summit Oman
22 March 2017, Muscat, Oman:  The Central Bank of Oman has announced its endorsement and participation in the second edition of the New Age Banking Summit, Oman, scheduled for 26 to 27 April, 2017 in Muscat. The event, which is organised by UMS Conferences, will bring together leading banking and financial ...
March 20, 2017
What You Can Expect From FinTech in 2017
Financial technology may still be in its early stages, but 2016 was nonetheless a whirlwind year for the FinTech world. And it’s about to get even better. According to the annual FinTech Report, cumulative investment globally will exceed $150 billion in 2017. Here’s what experts at the Commercial Equipme...
March 7, 2017
3 Ways Banks Can Become More Customer Centric
The digital economy has created new challenges for banks in terms of customer expectations. Approaching the customer experience in new and innovative ways can result in new sources of revenue and productivity for banks. BAI Banking Strategies identifies 3 ways banks can take a more customer-centric approach....
March 1, 2017
4 Key Advantages of Using Blockchain in Banking
Blockchain, also known as distributed ledger technology, was originally developed in 2009 as a tracking database for Bitcoin transactions. According to IBM, 66 per cent of banks are expected to have blockchain in commercial production and at scale in four years. Here are 4 of the key advantages of implementi...
February 23, 2017
3 Tips Banks Should Keep in Mind When Designing a Mobile App
According to a report by GSMA, the number of smartphone connections in the Middle East and North Africa (MENA) has more than doubled over the past three years to reach 263 million in the second quarter of 2016. Mobile apps represent a huge opportunity for banks to leverage technology to gain a competitive ad...
February 21, 2017
GCC Banks Increasingly Keen to Deploy FinTech
Banks believe FinTech innovations can help them enhance consumer-centricity and reduce costs As demand continues to rise for more digital solutions in the GCC banking sector, a greater number of banks in the region say they are looking to invest in financial technology (FinTech) solutions in the coming years...