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MEA Finance

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Payments Modernisation in Middle East & North Africa: Trends and Opportunity

Over the past few years, the banking sector has gone through a massive transformation, with the modernisation of payments at the epicentre of this...

How to effectively deliver AI-powered analytics in the age of digital banking

First, the bad news: COVID-19 hit the region's banks hard. According to KPMG, H1 2020 net profits for the GCC banking sector were down...

HSBC launches Green Deposits for corporate and institutional clients in the UAE

HSBC today launched Green Deposits in the UAE, which will give corporate and institutional clients a mechanism to make USD and AED deposits in...

Open Banking without Strong Customer Authentication creates bad customer experience and leaves banks vulnerable. So why adopt one without the other?

Regulators around the world are implementing various incarnations of Open Banking with the goal of changing how payments are made in their regions. They...

DDoS and Ransomware attacks reach unprecedented levels in the Middle East, according to Help AG’s State of the Market Report 2021

Over ten million Distributed Denial of Service (DDoS) attacks were recorded globally in 2020, including a 183% increase in the UAE alone, while ransomware...

Emirates NBD’s Supply Chain Financing platform to digitise Choithrams payable process

Emirates NBD has onboarded Middle East grocery retailer and food distributor T. Choithram & Sons to pilot the bank's smartSCF digital Supply Chain Financing...

Resilience of corporate debt in emerging markets expected to continue with Middle East recording lowest default level

The percentage of Emerging Market firms defaulting on debts due to the impact of the pandemic is expected to be lower than in many...

Emirates NBD launches exclusive debit card for UAE Nationals

Emirates NBD has launched the Emirati Visa Signature Debit Card, tailored with exclusive privileges and offers to meet the tastes and preferences of UAE...

Investment firm New World Group eyes expansion into the GCC

New World Group (NWG), with assets of over USD 2.5 Billion is mapping out its expansion into the GCC and wider region by establishing...

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