News

April 6, 2017
WhatsApp set to roll out digital payment service in India
WhatsApp is working to launch digital payment service in India in the next six months. Mumbai: Instant messaging app WhatsApp, owned by Facebook Inc, is mulling a foray into digital payment services in India, its first such offering globally, and has advertised to hire a digital transactions lead in the coun...
April 5, 2017
Cyber Risks and Solutions in Banking: An Interview with Oman DataPark
  Ahead of the 2nd Edition New Age Banking Summit – Oman, the UMS team spoke to Maitham H. Al-Lawati CISSP, CISM, CRISC, General Manager – Risk & Compliance at Oman DataPark about the various cyber risks faced by banks and their implications. Here are some excerpts from the interview: C...
April 4, 2017
Mobile Banking Technology Is the Future of Banking Industry
Mobile banking technology has provided the modern people with huge benefits. Mobile banking eliminates the need to go to the bank counter and even to Automatic Teller Machine (ATM). People can make transaction at home. Many users of the mobile banking say that the service helps much, as it significantly cuts...
April 3, 2017
4 Reasons Why Banks Should Adopt an Omni-Channel Approach
‘Omni-channel’ is a buzzword that’s thrown around frequently today; it is commonly touted as the future of banking. While it is often difficult to separate hype from reality, here are 4 reasons why omni-channel could very well live up to all the expectations. In multi-channel banking, customers can acc...
March 29, 2017
AI to become main way banks interact with customers within three years: Accenture
Artificial intelligence (AI) will become the primary way banks interact with their customers within the next three years, according to three quarters of bankers surveyed by consultancy Accenture in a new report. Four in five bankers believe AI will “revolutionize” the way in which banks gather in...
March 28, 2017
Funding Pressure of GCC Banks to Ease in 2017
Higher oil prices, global debt issuance and declining loan demand to stabilise liquidity. Dubai: Liquidity positions of the GCC banks are expected to improve and reduce funding pressures during the next 12 months as oil prices stabilise, large international sovereign debt issuances and lower credit growth l...
March 28, 2017
Comarch Joins the New Age Banking Summit Oman as the Silver Sponsor
28 March 2017, Muscat, Oman: Comarch will be the Silver Sponsor of the second edition of the New Age Banking Summit, Oman, to be held on 26 and 27 April, 2017 in Muscat. The event, which is organised by UMS Conferences, will bring together leading financial experts in the Middle East to provide critical insi...
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 ...