Opening a business bank account is one of the most pressing challenges start-ups and SMEs face
banking services
banking industry
Why the future of corporate banking is digitally-powered and platform-driven
Evolving customer expectations and the need for digitisation has forced corporate banks to shift away from traditional relationship models and embrace the digitally-enabled platform approach
banking industry
What will the future of banking look like in the Gulf?
Routine transactions will increasingly take place online, while more high-margin advisory services still need human interaction, says regional VP of Backbase
Alvarez & Marsal
UAE banks turn profitable in second quarter
Alvarez & Marsal examined the country’s ten largest banks, finding that overall loans and advances growth turned positive, while deposits further increased
bank acquisition
Omani shares lead Mideast gains on rare bank tie-up
Qatari banks are expanding across the region, spurred on by the normalisation of ties between Doha and neighbouring Gulf states in January
bank acquisition
Rare cross-Gulf bank tie-up may strengthen with Qatar lender bid
Lenders in the oil-rich region are also combining locally after the twin shocks of lower energy revenues and the global coronavirus pandemic
banking business
Revenue growth for GCC banks forecast to be ‘subdued’ to 2024
Boston Consulting Group says revenue pool could shrink by more than 2% annually in worst case scenario after coronavirus pandemic
banking business
Video: Five reasons why open banking is gaining traction
Abdulla Almoayed, founder and CEO of the MENA region’s first and largest regulated open banking platform is confident the technology will revolutionise the industry, with a mobile application taking on the role of the traditional financial advisor.
banking services
Video: How is innovation dragging the region’s banks to the 21st century – Fintech
Fintech is one of the business world’s most popular buzzwords.
banking services
Emirates NBD launches UAE’s first digital business bank
Emirates NBD’s E20. is a mobile-only offering for entrepreneurs and SME businesses.
banking services
Standard Chartered: Learning and leading the digital way
Standard Chartered’s CEO Sunil Kaushal says continuous learning is key to innovating successfully in the digital sphere
Abu Dhabi Global Market
Abu Dhabi’s financial regulator opens up ADGM to local, global digital banks
The Financial Services Regulatory Authority (FSRA) will require digital banks to have a base capital requirement of $10m
banking
India’s RBI cuts repo rate, announces ‘accommodative’ policy stance
The move marks the third consecutive cut in interest rates effected by the RBI this calendar year.
banking
Emirates Institute for Banking launches online research portal
The Emirates Institute for Banking and Financial Studies’ new online and app-based research portal includes an “ask the experts” feature
banking services
HSBC to pay $765m US fine over crisis-era conduct
HSBC said it has agreed to pay the large US penalty over its conduct in residential mortgage-backed securities
banking services
HSBC reports $836m H1 2018 profit in MENA
HSBC made $29.511 million in gross loans and advances to customers in the region
banking services
Majority of UAE entrepreneurs say banking is the biggest challenge
Opening a bank account for UAE startups can take up to three months making it difficult to begin commercial operations, according to the survey by Dubai Chamber and Ministry of Economy