Dubai Islamic Bank (DIB) is open to acquisition opportunities in its home base and the markets it operates beyond the Arab world’s second-largest economy as it looks to increase its market share, its group chief executive has said. The Dubai-headquartered lender is interested in acquiring a variety of assets that are complementary to the business…
Middle East’s financial landscape is poised for both continuity and transformation in 2025. While traditional banking metrics signal stability, FinTech is reshaping how financial services are delivered, reflecting a sector where innovation and resilience coexist. Fitch Ratings’ latest Middle East Banks Outlook 2025 paints a ‘neutral’ picture for the region’s banking sector. Credit growth is…
The growth of Artificial Intelligence in the Fintech market is fueled by the increasing need for intelligent financial solutions that enhance customer experience, reduce risks, and improve decision-making in real time. The SNS Insider report indicates that the AI in the fintech market was valued at USD 12.2 billion in 2023 and is projected to…
The third edition of the MENA Fintech Festival concluded yesterday, following a three day affair that saw fintech leaders and key players coming together to remark on the financial landscape across the region. The opening ceremony of the three-day event witnessed the participation of the Assistant Governor for Financial Instruments and Payment Systems at Qatar…
More and more companies in the financial services sector are adopting cutting-edge technology, and customers now have an increased expectation of what their financial providers should be able to do. If a company cannot complete tasks promptly or lacks essential capabilities, customers are likely to seek a new provider. The wealth management sector is a…
The financial industry is undergoing a seismic transformation, with artificial intelligence and fintech reshaping everything from regulatory compliance and customer experience to counter-fraud measures. Across the globe, banks are adopting generative AI and machine learning to drive innovation, reduce costs, and enhance security. Saudi Arabia is emerging as a key player, with local tech companies…
On 22 and 23 October, FinTech LIVE will continue to expand its inspirational event series by hosting a captivating event- FinTech LIVE London Global Summit. Those who attend will be able to listen to motivational keynotes from industry experts, participate in fascinating workshops and listen to engaging panel discussions. FinTech LIVE London Global Summit will…
The global fintech market is expected to reach $340 billion by 2024 and over $1 trillion by 2032. This growth reflects the fintech industry’s continuous evolution, which I’ve found is driven by three key elements: artificial intelligence (AI), remote talent and innovative development strategies. AI is at the heart of the next generation of fintech solutions….
