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December 13, 2024
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Banking

Navigate the evolving world of Banking with MENews247. From the latest in fintech innovations to regulatory updates in the Middle East, get comprehensive coverage on banking trends, financial services, and economic impacts.

Whether it’s UAE’s digital banking breakthroughs or Saudi Arabia’s financial reforms, stay informed 24/7 with key insights into the banking sector’s future in the region.

Sector
Banking Saudi Arabia

Banking sector set to meet in Riyadh

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For 5th Annual Future Bank Summit & Awards KSA 2024 The 5th Annual Future Bank Summit & Awards KSA 2024 is poised to unite industry leaders, innovators, and visionaries to delve into the latest banking and financial technology advancements. The summit, scheduled for September 24th and 25th at the InterContinental Hotel in Riyadh, aims to […]
Sberbank
Banking Gitex

Sberbank invites entries for AI Journey Contest 2024

Dan Ngiam 0
$90,000 prize offered Sberbank, the largest bank in Russia and a leading global financial institution has opened registration for its highly anticipated AI Journey Contest, an international online competition focused on artificial intelligence (AI). The contest, conducted in collaboration with the AIRI Institute, boasts a prize fund of RUB 8.5 million ($90,000).
Finastra
Banking

Tech Mahindra and Finastra forge strategic alliance

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To drive digital transformation for corporate banks Tech Mahindra, a global technology consulting and digital solutions provider based in Maharashtra, India, has signed a strategic partnership with London, UK-headquartered Finastra, a global leader in financial software applications and marketplaces, to transform corporate banking operations through enhanced digital
Neo
Banking

Neo banking can transform the fintech sector

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Including significantly lowering operational costs In the wake of a post-pandemic era marked by accelerating digital financial solutions, the potential of neo-banking to revolutionise the banking landscape is exciting and inspiring. Neo-banking, characterised by digital-only operations without physical branches, represents a pivotal shift towards a cashless society driven
OCBC
Banking Business

OCBC NISP banks on Cloudera to transform banking services

Dan Ngiam 0
By deploying data and AI capabilities In a strategic move towards digital transformation, Jakarta-based PT Bank OCBC NISP Tbk has announced its collaboration with Cloudera, a leading data company in enterprise AI solutions. The new partnership aims to propel the Indonesian bank towards becoming a digital-first entity, enhancing customer experiences through advanced data
Fraudulent
Banking

Fraudulent Bank Transactions May Surge 153% By 2029

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Growing From $19 Billion In 2024 Juniper Research has released a startling report indicating a projected 153% increase in the value of fraudulent banking and money transfer transactions over the next five years. Starting from $19 billion in 2024, this forecast highlights a growing global concern for the financial sector. According to the report, fraudsters’ […]
How To Choose The Best Business Bank In UAE
Banking Finance GCC UAE

How To Choose The Best Business Bank In UAE

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Getting It Right Is A Game-Changer Choosing the right banking partner in the United Arab Emirates (UAE) is a fundamental decision that can significantly impact financial management and a business’s overall performance. Considered the commercial hub of the Middle East, where entrepreneurship thrives amid innovation and economic growth, the UAE has arguably one of the
Investors
Banking Markets

Investors Concerned Over Prevailing Market Uncertainty

Arnold Pinto 0
Saxo Bank Client Survey Reveals Saxo Bank has unveiled the results of its latest client survey, shedding light on investor sentiments and expectations concerning the financial markets for the second quarter of 2024. Despite the unpredictability of the global financial market, investors’ responses echo concerns over prevailing market uncertainty. The Client Sentiment
Prize
Banking Tech

$10,000 Prize Offered For Best AI Article

News Desk 1 0
Contest Closes On August 20, 2024 Artificial Intelligence Journey – a major online conference in artificial intelligence (AI) technologies – has initiated a call for papers in AI and machine learning (ML), inviting researchers to compete for a $10,000 prize from Sberbank for the best article. The contest seeks to publish critical contributions in a special […]
Mano
Banking

Mano Bank’s Cybersecurity Strategy Pays Off

News Desk 1 0
Bank Migrated To .Bank Domain In 2019 As the spectre of cyber threats looms, financial institutions globally are doubling on efforts to fortify their defences and safeguard sensitive financial data. Statistics paint a grim picture, with over 254 million records compromised in 2022 and a staggering 64% surge in ransomware attacks witnessed in 2023 compared […]
CashBack
Banking News

Why You Need The Dubai First CashBack Card

Dan Ngiam 0
The Credit Card Offers A Suite Of Features Amidst the fast-paced financial landscape of the United Arab Emirates (UAE), where discerning consumers seek the ultimate financial tools to optimise their spending, the Dubai First CashBack Card stands out as a compelling contender. Cash-back cards are a type of credit card that offers a percentage of […]
Credit
Banking Finance UAE

All About The Best Cash-Back Credit Cards In The UAE

Dan Ngiam 0
Learn About The Key Features And More Cash-back credit cards can be particularly appealing to consumers in the UAE because they offer a straightforward way to save money on daily expenses. Moreover, consumers can enjoy the excitement of flexibility in redeeming and using their earnings, making them even more appealing. Driven by significant market size, […]
SME
Banking

UAE SME Sector Is Buoyant, Despite Global Challenges

Arnold Pinto 0
RAKBank Steps Up Assistance To Key Sector Small and medium-sized enterprises (SMEs) in the UAE have entered the second quarter of 2024 on a sound footing – registering remarkable growth and resilience – despite global economic challenges. This scenario was highlighted at a news conference in Dubai hosted by RAKBank. The meeting, which sought to […]
Dynamics
Banking Markets

Saxo Tracks Market Dynamics Amid Election Fever

News Desk 1 0
Bank Unveils Its Q2 2024 Quarterly Outlook Saxo, a leading global financial institution, has released its Quarterly Outlook for Q2 2024. It offers valuable insights for investors seeking to navigate evolving market dynamics amid pivotal elections in several countries and shifting economic landscapes. With crucial elections shaping discussions worldwide, Saxo’s
Million
Banking Finance

Saxo Bank announces $111 million net profit in 2023

News Desk 1 0
Bank registers $136 billion in client assets Saxo Bank Group, a leading financial institution, has revealed its 2023 financial performance, reporting an adjusted net profit of $111 million, down from $121 million in 2022. Despite challenges like a $53 million software write-down and a $16 million impact from the Saxo Geely Tech Holding divestment, the […]

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