The integration of artificial intelligence (AI) has substantially improved the banking sector’s commercial performance and customer satisfaction while reducing operational processing times by 30%, according to a recent study.

The word blockchain has been thrown around a lot recently and has become the ultimate buzzword within several industries. Applying blockchain in banking has become one of the most discussed topics within the banking and finance sector.

Etisalat Digital, in partnership with First Abu Dhabi Bank (FAB) and Avanza Innovations, have developed UAE Trade Connect (UTC), a new nationwide platform that will use the latest disruptive technologies to digitise trade in the UAE. The initial phase will focus on addressing the risks of double financing and invoice fraud before turning to other key areas of trade finance.

A joint venture between Etisalat and Noor Bank, Digital Financial Services LLC, has partnered with MoneyGram, a global leader in cross-border P2P payments and money transfers, to offer international remittance services in the UAE.

Huawei held their Global FSI Summit 2019 with its partners I Shanghai, China on Thursday where industry key players discussed the latest developments in FinTech.

The London Institute of Banking & Finance (LIBF) has accorded an honorary Master’s Degree award to His Excellency Ahmed Ali Al Sayegh, Minister of State (UAE) and Executive Chairman of Abu Dhabi Global Market, during its annual graduation ceremony held at the Guildhall in central London.

Saudi Payments, under the supervision of the Saudi Central Bank (SAMA), announced the launch of Saudi Arabia’s instant payments system ‘sarie’ in cooperation with IBM and Mastercard.

The Department of Economic Development (DED) in Dubai, and the world’s leader in digital payments, Visa (NYSE: V), today launched ‘Stay Secure,’ a consumer education campaign that aims to promote safe digital payment (card and mobile) practices among UAE consumers.