AI in Banking -

AI Adoption in Middle Eastern Banking Could Boost Regional GDP by 13.6% by 2030

Shahzaib1 month ago1 month ago03 mins

The adoption of AI in Middle Eastern banks is set to significantly boost regional GDP, with the UAE and Saudi Arabia leading the way. AI is transforming core processes like KYC and AML checks, driving efficiency, innovation, and improved customer experiences, positioning the region for substantial economic growth.

AI Revolutionizes Oman’s Banking Industry: A Focus on Fraud Detection, AML, and Future Challenges

Shahzaib3 months ago3 months ago03 mins

AI is transforming Oman’s banking sector, enhancing fraud detection and AML compliance. Dr. Jihad al Wahshi of the Central Bank of Oman highlighted the importance of high-quality data, regulatory compliance, and ethical AI practices for successful AI adoption. Collaboration between public and private sectors is key for future success.

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AI in Banking

AI Adoption in Middle Eastern Banking Could Boost Regional GDP by 13.6% by 2030

AI Revolutionizes Oman’s Banking Industry: A Focus on Fraud Detection, AML, and Future Challenges