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April 26, 2019

DIFC FinTech Hive launches career mentorship programme, AccelerateHer

DIFC FinTech Hive, the first and largest financial technology accelerator in the Middle East, Africa and South Asia (MEASA) region, announced today the launch of AccelerateHer, a mentorship programme which equips budding female professionals with necessary tools and experience to play a more active role in the development of the region’s FinTech landscape.

 Held in partnership with Cater Murray, a global specialist marketing and sales recruitment agency, the mentorship programme will run from April to November 2019. AccelerateHer will connect young aspiring executives to accomplished professionals with relevant expertise from across DIFC FinTech Hive’s [...]

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April 17, 2019

Emirates NBD Net Profit up 15% y-o-y and 15% q-o-q to AED 2.7 billion

Emirates NBD , a leading bank in the region, delivered a strong set of results with net profit up 15% y-o-y and 15% q-o-q to AED 2.7 billion. This solid operating performance was supported by an increase in total income, driven by loan growth and stable margins. Core fee income increased 15%    y-o-y and 9% q-o-q on the back of higher income from forex and derivatives. The Bank’s balance sheet continues to strengthen with further improvements in capital & liquidity and stable credit quality.

Financial Highlights – Q1 2019

– Net profit of AED 2.7 billion, up 15% y-o-y and 15% q-o-q

– Total Income of AED 4.7 billion improved [...]

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April 8, 2019

DIFC Supports First Alternative Investment Management Summit in Europe

Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, announced today that it has signed a sponsorship agreement to support the upcoming editions of the Alternative Investment Management (AIM) Summit in Geneva and Dubai.

Launched in 2015, the AIM Summit is the region’s leading alternative investment management conference. The annual event gathers over 500 industry leaders from hedge funds, private equity, venture capital, and private debt to discuss the latest investment developments, trends and global market conditions. The conference also provides an engaging networking forum for [...]

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January 20, 2019

Dubai Tourism & Al Ansari Exchange Sign Agreement to Simplify Payment Methods for Tourism Services

Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) and Al Ansari Exchange, a leading UAE-based foreign exchange and worldwide money transfer company, have signed an agreement to facilitate payments for a range of tourism and travel-related services.

Under the agreement, partners of Dubai Tourism including hotels, event organisers, tour operators and tourism companies will be able to make payments for services through 183 branches of Al Ansari Exchange across the UAE. The agreement was signed by Ahmed Khalifa Alfalasi, CEO of Corporate Services and Investments, Dubai Tourism and Rashed Ali Al Ansari, General Manager of Al Ansari [...]

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November 29, 2018

Costa Coffee and Barclaycard launch UK’s first contactless reusable ‘clever cup’

Costa Coffee has partnered with Barclaycard to launch the UK’s first reusable contactless coffee cup. 

Available in Costa Coffee stores this November, the Clever Cup harnesses contactless payment technology to turn customers’ reusable coffee cups into a fast and convenient way to pay.

Powered by bPay by Barclaycard technology, Clever Cup users can track their spending, top up their balance, and take control to block or cancel the contactless payment element online or using the dedicated bPay app, available on iPhone and Android devices.

The Clever Cups form part of Costa Coffee’s wider re-launch of its ‘next generation’ reusable range, encouraging customers to [...]

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September 4, 2018

FinTech Hive welcomes 22 innovative startups for its 2018 accelerator programme

FinTech Hive, the first and largest financial technology accelerator in the Middle East, Africa and South Asia (MEASA) region, announced the commencement of the 2018 edition of its accelerator programme, in partnership with Accenture. The second edition received an overwhelming response of over 300 applications that were created from all around the world, of which 22 finalists were selected.

The accelerator programme consists of a 12-week curriculum in which a group of selected finalists work closely with financial institutions and other stakeholders to create innovative and forward-looking solutions that aim to address the evolving needs of the region’s financial services [...]

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April 18, 2018

Emirates NBD Group launches private cloud as regional first in banking sector

Key milestone in bank’s AED 1 billion IT transformation

Emirates NBD, a leading bank in the region and market leader in banking innovation, has announced that it has launched its own private cloud platform. It is the first bank in the region to implement a private cloud platform that leverages similar technologies to cloud-native companies, marking a major milestone in the Emirates NBD Group’s ongoing AED 1 billion IT transformation.

Through its new private cloud technology, the bank’s IT platforms and applications will benefit through enhanced cost efficiencies as well as higher security, resilience, flexibility, insight and quality control. Emirates NBD’s future [...]

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March 12, 2018

More Than Half of Bank Customers Ready to Embrace Virtual Banking, J.D. Power Finds

Citibank Ranks Highest in Hong Kong Retail Banking Customer Satisfaction

With more than half (57%) of customers now ready to embrace virtual banking with their main financial institution, banks need to rethink their strategy in order to meet the changing needs of their customers, according to the inaugural J.D. Power 2018 Hong Kong Retail Banking Satisfaction Study.

Although the study finds that 71% of customers have used online banking (via PC) to interact with their main bank in the last 12 months, only 30% have used mobile banking, which is significantly lower than the 78% in mainland China, 43% in Australia, and 41% in Singapore. Nevertheless, it is clear that [...]

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