Tag: financial

restructuring success stories, optimal strategies, and solutions takes centre stage at the Financial Restructuring MENA Conference

DGN
<strong>restructuring success stories, optimal strategies, and solutions takes centre stage at the Financial Restructuring MENA Conference</strong>

Market (ADGM) brought together large corporates, family offices, MENA’s largest banks by assets and key stakeholders to address corporate insolvencies and debt restructurings in the wider MENA region at the ADGM Authorities Building in Abu Dhabi. The conference highlighted successful restructuring solutions for large corporates and family businesses in the current market conditions while fostering effective management of non-performing asset (NPA) portfolios of MENA’s banks. Discussions on the second day will focus on driving business turnarounds in volatile markets, the challenges and opportunities in MENA’s real estate sector and an…

Global Financial Community Optimistic to Overcome Market Challenges and Build Stronger, Tech-Driven, Sustainable Future Economy

AETOSWire
Global Financial Community Optimistic to Overcome Market Challenges and Build Stronger, Tech-Driven, Sustainable Future Economy

RIYADH, Saudi Arabia — The second edition of the Financial Sector Conference (FSC 2023) has concluded in Riyadh, with a mood of optimism and energy to overcome market challenges to build a stronger, technology driven and sustainable economy of the future. Over 3200 participants from 82 countries, and 180 media, assembled in the Saudi capital to discuss the way ahead for the global financial community under the conference theme of “Promising Financial Prospects.” Representatives from some of the biggest global financial institutions joined Government Finance Ministers met to identify the…

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Leaders of the Global Financial Community Outline Positive Outlook for Sector as Financial Sector Conference Opens in Riyadh

AETOSWire
Leaders of the Global Financial Community Outline Positive Outlook for Sector as Financial Sector Conference Opens in Riyadh

RIYADH, Saudi Arabia — The second edition of the Financial Sector Conference (FSC 2023) opened today in Riyadh, welcoming over 3000 participants from around the world to discuss the way ahead for the global financial community under the conference theme of “Promising Financial Prospects.” Welcoming delegates to the conference Saudi Minister of Finance HE Mohammed Al-Jadaan said: “I am confident that this conference will be an opportunity to build on experiences and share ideas to address a global economy which is full of challenges and opportunities—helping to make the global…

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Regtech accelerating the adoption of artificial intelligence by the financial institutions

AETOSWire
Regtech accelerating the adoption of artificial intelligence by the financial institutions

Dubai, United Arab Emirates — Regtech helps financial and non-financial institutions by leveraging AI to reduce the time spent on investigations and the FTE required for the investigations of financial crimes. This sentiment was commonly echoed by the panel speakers of 6th MENA Regtech: Mr. Muhammad Shahid Farid, Head of AML/CFT and Sanctions, The Commercial Bank, Mr Talal Shoukat – Head of Compliance & MLRO, Gulf Exchange, Mr Benjamin Anafi – Head of GRC, Ali Bin Ali, Mr Saiful Islam Vaidhyakkaran – Head of Compliance and MLRO, Al Zaman Exchange…

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ADCB ranks as the number one financial institution in KPMG’s “Customer Experience Excellence” report

Dana Al Sadeq IRISMEDIA
بنك أبوظبي التجاري يتصدر قطاع الخدمات المالية والمصرفية في دولة الإمارات في تقرير “التميز في تجربة العملاء” من كي بي إم جي

Abu Dhabi Commercial Bank (ADCB) ranks amongst the top five brands in KPMG’s latest UAE Customer Experience Excellence Report, in recognition of the Bank’s core focus on providing a market-leading, digitally enabled banking experience. The KPMG report, which is based on an extensive customer survey, listed ADCB as the only financial services company among its “UAE top 10 customer experience champions” – a league table that includes both national and global brands. The report cited ADCB’s superior front-end digital capabilities, its loyalty programme, and the Bank’s outstanding approach to combining…

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Dubai International Financial Centre Chooses Napier to Provide Client Screening Capabilities

AETOSWire
Dubai International Financial Centre Chooses Napier to Provide Client Screening Capabilities

DUBAI, United Arab Emirates — Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, has chosen anti-financial crime compliance specialist Napier to upgrade the screening services they employ with Napier Client Screening. With the next-generation solution, the DIFC Authority will benefit from continuous large-scale client screening and re-screening capabilities to ensure it fulfils regulatory compliance requirements. The partnership will help DIFC safeguard its global reputation and vigilant adherence to international anti-money laundering and combating the financing of terrorism (CFT)…

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Sharjah Finance Department honours 36 winners in the fifth round of the Financial Performance Excellence Award

AETOSWire
Sharjah Finance Department honours 36 winners in the fifth round of the Financial Performance Excellence Award

Sharjah, United Arab Emirates — His Excellency Sheikh Mohammed bin Saud Al Qasimi, Chairman of Sharjah Finance Department (SFD), witnessed the honouring ceremony for the winners of the fifth round of the distinguished Financial Performance Excellence Award, organized by the SFD to promote a culture of excellence in government financial performance. The awards follow the requirements of the Sharjah government in developing the financial system and honouring distinguished institutions and individuals within finance in governmental, independent, and Emiri agencies and trainees for their efforts in improving resource management and preserving…

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WEF: Importance of compliant solutions takes centrestage in discussion on financial inclusion.

AETOSWire
WEF: Importance of compliant solutions takes centrestage in discussion on financial inclusion.

Davos, Switzerland, January 20, 2023: As the world’s leaders, social scientists and business community converge on this year’s World Economic Forum (WEF) Annual Meeting, the key theme of ‘Cooperation in a fragmented world’, has resonated with stakeholders of MENA’s financial services sector. UAE based LuLu Financial Holdings and Eastnets organized a special event around the role of fully compliant technologies in achieving financial inclusion. Mr. Adeeb Ahamed, Managing Director of LuLu Financial Holdings, said that co-opetition, or competition through collaboration requires the collective action of all stakeholders, including governments, fintechs…

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GEMS Rewards and SmartCrowd Partner to Boost Financial Literacy in the UAE

NewsVoir
سمارت كراود تتعاون مع برنامج مكافآت جيمس لتعزيز الثقافة المالية في دولة الإمارات

Dubai, United Arab Emirates SmartCrowd, the region’s first DFSA regulated real estate crowdfunding platform, is joining hands with GEMS Rewards, a loyalty program from world-renowned private education provider, GEMS Education, to increase financial literacy and improve investment habits among UAE families. Through this partnership, GEMS Rewards and SmartCrowd are set to revolutionise the way UAE families understand, value, and manage their finances. Both organisations aim to equip over 100,000 UAE families, students, and school staff, with essential financial skills through a series of interactive webinars and tutorials conducted by experienced professionals in finance.…

Anomali Appoints Udit Tibrewal as Chief Financial Officer and Chief Operating Officer

AETOSWire
Anomali Appoints Udit Tibrewal as Chief Financial Officer and Chief Operating Officer

REDWOOD CITY, Calif. — Anomali, the leader in modernizing and scaling security operations by delivering breakthrough levels of visibility and intelligence-driven threat detection and response, today announced that Udit Tibrewal has been appointed to the position of Chief Financial Officer (CFO) and Chief Operating Officer (COO). As Anomali’s CFO and COO, Tibrewal will report directly to Anomali’s CEO, Ahmed Rubaie, leading the company’s global business operations. “Udit brings decades of experience to Anomali – both in cybersecurity and in building and scaling growth globally. His experience and expertise spanning finance, capital…

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