News

August 1, 2016
Why Omnichannel Banking Matters Now More Than Ever
In 2015, the banking industry reached a tipping point. The number of people using mobile banking applications surpassed the number of customers still going to their local branch to take care of their regular needs. Likely as a consequence of the growing number of new digital banking users, the number of bank...
July 31, 2016
Standard Chartered bringing video banking to Asia, Africa and Middle East in biggest launch of its kind
Standard Chartered Bank’s retail banking business serves the banking needs of nearly 10 million individual and business clients across more than 30 markets in Asia, Africa and the Middle East, through cutting-edge digital channels, more than 1,000 branches and 5,000 ATMs. Standard Chartered Bank said it is...
July 20, 2016
Absa launches banking for Facebook Messenger
Absa is set to launch a world banking first : ChatBanking for Facebook Messenger. Absa said the “world-first in banking technology” will allow customers to conduct banking without having to leave their “favourite social media platform”. “The launch of the banking service on Facebook Messenger follo...
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...
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