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Middle East Banking Incumbents Recognize the Need for Digital Transformation

In the Middle East, banking incumbents recognize the need for digital transformation to improve customer experience, enhance operational efficiency, and stay competitive against new, digital entrants, a new survey conducted by IT business solution provider Comarch found. The study, which

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MENA Companies Embrace Embedded Finance

In the Middle East and North Africa (MENA), embedded finance is picking up steam among telcos, tech startups and retailers. These companies are rapidly embracing the concept to tap into new revenue streams and enhance customer experiences, a new report

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Top 7 Most Active Gulf Investors in Europe

The Gulf region has historically been depended on the oil sector, an industry prone to price fluctuations and which is heavily influenced by geopolitical circumstances. But recent years have seen a shift toward greater diversification as Gulf investors aim to

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The Top 10 Fintechs in Middle East in 2024

Forbes Middle East has unveiled its Fintech 50 ranking, recognizing the region’s leading players that are revolutionizing the fintech landscape in the underserved region, spanning digital payment companies, open banking platforms, investment, saving, and lending apps. The list was constructed

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Redefining Resilience for Banks in the Digital Era With the Four Zeros

The banking industry stands at the brink of a major transformation, driven by rapid technological advancements and changing customer expectations in a dynamic digital landscape. This transformation is not without its challenges, as banks grapple with the critical task of

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Telco-Backed Platforms Leads E-Wallet Market in Africa and the Middle East

Africa and the Middle East boast 12 prominent e-wallets. These platforms are primarily provided by telecom companies, enable users to varied operations from the mobile phones, including payments, money transfers and remittances, and are gaining ground at a fast pace,

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Industry Experts Highlight Opportunities and Challenges of Gen AI in Finance

In the financial services industry, generative artificial intelligence (AI) is poised to usher in a myriad of opportunities, promising enhanced job productivity, improved efficiencies and hyper-personalization. But despite these prospects, the technology is also expected to introduce a number of

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Fintech Surges in MENA Though Talent and Capital Gaps Persist

The Middle East and North Africa (MENA) region is experiencing significant growth in its fintech sector, with several cities located in Gulf Cooperation Council (GCC) nations in particular emerging as globally recognized fintech hubs. But in order to sustain this

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New Report Highlights Continued Opportunities for Fintech Growth in the Middle East and Africa

Fintech has penetrated and transformed the Middle East and Africa (MEA)’s financial services landscape, financially including millions of people and enabling growth in other sectors. But despite the growth, new opportunities still exist in each market to create a financial

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The Top Trends Shaping MEA’s Wealth Sector

In a recent webinar hosted by Connect Global Group and Temenos, wealth experts and top executives from the banking industry in the Middle East and Africa (MEA) discussed the key trends shaping the wealth management landscape in the region, highlighting

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