For His Contribution to the Growth of the Banking Industry: Global Finance Honors Adel Al-Majed by Giving Him the “Outstanding Contribution to Islamic Finance” Award

For His Contribution to the Growth of the Banking Industry: Global Finance Honors Adel Al-Majed by Giving Him the “Outstanding Contribution to Islamic Finance” Award

Kuwait City, Kuwait,  (AETOSWire): Global Finance has given Mr. Adel Abdul Wahab Al-Majed, Boubyan Bank’s Vice-Chairman & GCEO, the “Outstanding Contribution to Islamic Finance” award in recognition of his efforts in this vital sector over the past years, especially since taking up the leadership of Boubyan in 2009. During the ceremony held by the institution in Dubai, Mr. Joseph Giarraputo, Global Finance’s President, mentioned some of Al-Majed’s accomplishments throughout his banking career that has extended for almost 40 years, stating that this outstanding award, given for the first time to…

First Abu Dhabi Bank Cuts API Operational Costs by 57% With Kong

First Abu Dhabi Bank Cuts API Operational Costs by 57% With Kong

SAN FRANCISCO–(BUSINESS WIRE/AETOSWire) – Kong Inc., creators of the leading service connectivity platform, today announced that First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, has deployed Kong’s service connectivity platform to modernize its microservices-driven banking platform. As the banking industry transforms at a rapid pace, Kong provides reliable, secure and observable connectivity for FAB’s APIs and services within a scalable infrastructure. Moving toward decentralization through Kong has enabled FAB to accelerate development and business agility to push the customer experience further. Executing…

Bank’s reach is tangible, its relevance is questioned, say experts at Finnovex ME 2021

Bank’s reach is tangible, its relevance is questioned, say experts at Finnovex ME 2021

DUBAI, UNITED ARAB EMIRATES: Subsidiarity of banking system and digitalization boost of banking sector is the need of the hour, say experts assembled at Finnovex Middle East 2021 in Dubai. Reach and relevance are the golden word that the industry must include in its constitution and follow for transformation of banking sector in the Middle East, one of the world’s fastest growing regions in the banking and capital markets sector. Digitalization is about leveraging technology and innovative tool to improve the efficiency and efficacy of a given process. Because of the…

i2c to Power TAG – Pakistan’s First Digital-Native Financial Super App

i2c to Power TAG – Pakistan’s First Digital-Native Financial Super App

REDWOOD CITY, Calif.–(BUSINESS WIRE/AETOSWire) – i2c Inc., a leading provider of digital payment and banking technology, announced that it has been selected to power Pakistan’s TAG, the nation’s first digital-native financial super app due to launch in Q1 of 2021. The program aims to provide instant payments and transparent pricing to the nation’s unbanked adult population of approximately 100 million including features such as the ability to send and receive money instantly and without fees to anyone with a TAG account, ATM access, bill payment and mobile top-up as well as tools…

EEG ends unprecedented 2020 with resolute afforestation efforts.

مجموعة عمل الإمارات للبيئة تزرع 2,000 شجرة

“For Our Emirates We Plant” oversees the planting of 2,000 trees planted in Dubai and Ras Al Khaimah by 641 entities On the historic date 20.12.2020, Emirates Environmental Group (EEG) organised and conducted its annual tree planting campaign, “For Our Emirates We Plant”. This significant event was conducted at two locales in Ras Al Khaimah and Dubai. Under the patronage and presence of H. E. Engr. Sheikh Salem Bin Sultan Bin Saqr Al-Qasimi, member of the Executive Council of the Government of Ras Al-Khaimah and Chairman of the Department of…

i-exceed sees Increased Adoption of Digital Onboarding in Corporate Banking

i-exceed sees Increased Adoption of Digital Onboarding in Corporate Banking

NEW YORK [ AETOS Wire ] (BUSINESS WIRE)— We live in one of those times, where the old saying about decades where nothing happens and weeks where decades happen can’t be any truer. The banking landscape has undergone dramatic changes over the last few months with a focus on customer experience in a digital-only world. i-exceed’s Appzillon Digital Banking platform enables banks to move to a mobile-first strategy and helps them accelerate their digital transformations. The Appzillon platform helps banks accelerate their corporate client origination processes with an end-to-end on-boarding platform. The…

SmartStream Develops Data Observational Learning Alongside Tier 1 Banks – Providing a 20% Cost Saving Using AI

SmartStream Develops Data Observational Learning Alongside Tier 1 Banks – Providing a 20% Cost Saving Using AI

LONDON–(BUSINESS WIRE/AETOSWire)— SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, today launches ‘Affinity’ in collaboration with Tier 1 banks – an Artificial Intelligence (AI) ‘observational learning’ solution to meet the technical demands and business agility for operational data management and data quality processes. SmartStream in partnership with the Tier 1 financial institutions has identified an integrated AI solution that can result in cost savings of as much as $2M per annum – bringing reconciliations into a new era, by increasing match rates and helping business users to cope…

ACI Worldwide and Mastercard to Collaborate and Advance New Payment Solutions and Experiences for Customers

NAPLES, Fla. & PURCHASE, N.Y.–(BUSINESS WIRE/AETOSWire)– ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time digital payment software and solutions, and Mastercard, the global multi-rail payments technology company, today announced that they will partner to provide a wide range of real-time payment solutions globally. They will initially collaborate to offer best-in-class central infrastructure, payments localization and access solutions to central banks, scheme operators, financial institutions, payment service providers, and other organizations launching real-time payments initiatives. The real-time account-to-account payments market continues to quickly expand. Prime Time for Real-Time —…

Sharjah Government initiates 4 billion dirham Sharjah Liquidity Support Mechanism to alleviate economic impact of COVID-19

Sharjah, United Arab Emirates,  (AETOSWire): Sharjah Finance Department (SFD) recently established a framework worth AED 4 billion to enhance liquidity for the Sharjah banking system in the emirate. This move was aimed at providing additional financial assistance to all businesses impacted by the outbreak of COVID-19. Issued as 12 month dirham-denominated paper in several tranches, the Sharjah Liquidity Support Mechanism (SLSM) sukuk represents the first rated short term local currency tradeable instrument in the UAE, which can be used for liquidity management by banks. This paper has a short term…

Fiorano Drives Digitalization at Crédit Agricole with Flexcube Core Banking System Integration

DUBAI, United Arab Emirates– (BUSINESS WIRE/AETOSWire) – Fiorano Software, a leading Enterprise Integration Middleware and API Management specialist, announced today that Crédit Agricole, Egypt has implemented the Fiorano Hybrid Integration Platform (HIP) to reduce time and cost required for integrating applications with its core banking system, Flexcube, to enhance services availability and accelerate delivery of new products and services. “Crédit Agricole opted for Fiorano to enhance its integration platform into a best-of-breed architecture model that would streamline the implementation process and provide seamless integration between all applications while providing API-based…