News

July 19, 2016
GCC banks embrace fintech revolution after slow start
Digitisation strategies, technology adoption and integration of financial technologies (Fintech) are some of the common discussion points in the board rooms of GCC banks and financial institutions, which are competing for space in the highly competitive regional markets. A number of banks in the region are a...
July 17, 2016
Middle East gears up to embrace New Age Banking
Leaders from the banking industry to explore developments in banking technologies at the MENA New Age Banking Summit The MENA New Age Banking Summit, a platform for banking professionals to discuss banking in the digital age, is scheduled for the 4 – 5 October, 2016. The event will take place in Doha, Qata...
July 10, 2016
Cyber attacks pose a grave risk to GCC banks
Innovation has become the key for banking to offer customers an enriching experience. GCC banks have leveraged on technology to provide such unique experiences. This has resulted in tremendous growth in the adoption of technology by the GCC banking and financial services sector. However, the growth is intrin...
June 29, 2016
Why banking in the Gulf will never be the same again
While financial technology, aka fintech, is ascendant in most of the world, it is still finding its feet in the GCC despite several digital transformation drives initiated by regional governments. In the West, governments play the role of facilitator in terms of policy and regulation, and in providing the ri...
June 9, 2016
Fintech poised to revolutionise banking in the Middle East
The Middle East has been slow to join the fintech revolution, but there is an opportunity for CIOs to help banks stride ahead as demand picks up. A new generation of technology startups has taken aim at the heart of the banking industry. Worldwide investment in disruptive financial technology (fintech) is in...
June 6, 2016
Bloomberg Businessweek Middle East partners with MENA New Age Banking as Media Sponsor
June 7, 2016, Doha, Qatar: Bloomberg Businessweek Middle East, a premium business magazine in the GCC region, has announced its partnership with the MENA New Age Banking Summit as Media sponsor. The event is organized by UMS Conferences, creating a platform that will witness developments, global trends, inno...
June 6, 2016
MENA New Age Banking Summit to Discuss New Paradigm Shift in the Banking Industry
June 6, 2016, Doha, Qatar With new FinTech solutions challenging legacy systems, banks in the Middle East and North Africa are devising strategies to keep pace with evolving global financial eco-systems. Enhancing customer service, acquisition, profitability and security are the primary objectives, which can...
June 6, 2016
Doha Bank plans wholly-owned subsidiary in India
Doha Bank, which already has three branches in India, is planning to establish a wholly-owned subsidiary (WOS) in the Asian country through which it wants to scale up its operations to Tier I and Tier II cities, including in Gujarat, and said capital was not a constraint for expansion. “We want to scal...
June 5, 2016
Emirates NBD bets Dh500 million digital future
Dubai: Emirates NBD, one of the leading banking groups in the region, will invest Dh500 million over the next three years towards digital innovation and it intends to launch the UAE’s first digital bank for millennials. “We are making a commitment to the future with our digital transformation plan. Our f...
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