Reem Finance Partners with Temenos to Launch Digital Community Bank in the UAE

Reem Finance has partnered with Temenos to launch a digital community bank in the UAE, utilizing Temenos’ cloud-based core banking platform. This collaboration aims to drive innovation, streamline operations, and deliver seamless banking services to retail and corporate customers, enhancing financial inclusion and positioning Reem Finance for future growth in the sector.

Read More

Sohar International Launches Fully Digital E-Mandate Direct Debit Solution to Transform Recurring Payments in Oman

Sohar International has launched its fully digital E-Mandate Direct Debit solution, streamlining recurring payments for individuals and businesses. This initiative enhances efficiency, security, and convenience while promoting sustainability by reducing paper usage. The new service reflects the bank’s commitment to financial innovation and aligns with Oman’s digital transformation efforts.

Read More

Abu Dhabi Islamic Bank Egypt Commits EGP 1bn to Digital Transformation and Cybersecurity

Abu Dhabi Islamic Bank Egypt (ADIB) has announced an EGP 1 billion investment in technology and cybersecurity. The bank showcased its digital banking innovations and Islamic Sharia-compliant products at the Cairo ICT Exhibition. Subsidiaries like “Taka” and Arzaq also participated, highlighting advancements in consumer finance and microfinance.

Read More

Telenor Microfinance Bank Receives $10 Million Investment as Easypaisa Prepares for Digital Retail Banking Launch in Pakistan

Telenor Microfinance Bank (TMB) has received a $10 million equity investment from Telenor Group and Ant Group, supporting the launch of Easypaisa’s digital retail banking operations in Pakistan. This investment, along with impressive financial results, strengthens TMB’s mission to enhance digital financial inclusion and deliver innovative banking solutions in Pakistan.

Read More

Tuum Partners with Google Cloud to Enhance Digital Banking Services in EMEA

Tuum has partnered with Google Cloud to enhance digital banking services in the EMEA region. This collaboration aims to improve scalability, security, and performance for financial institutions, enabling them to meet modern customer demands. Tuum’s deployment in Saudi Arabia marks a significant step towards supporting cloud-based financial development in the Middle East.

Read More

Finastra Partners with Sonali Bangladesh UK to Enhance Banking Operations with Cloud-Based Solution

Finastra has partnered with Sonali Bangladesh UK (SBUK) to implement Finastra Essence, a cloud-based core banking solution that supports both Shariah-compliant and conventional banking. This collaboration aims to enhance SBUK’s digital offerings and streamline banking operations, meeting the diverse needs of its corporate and banking clients.

Read More