5 Open Banking trends transforming financial services in 2024
Open Banking has rapidly become a key catalyst for change in the financial services industry in 2024. Here are five trends shaping the industry right now.
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Author: Mark Dowdall
Fintech for a Future Accelerator opens for applications in Egypt
The Changelabs accelerator is targeting SMEs in Africa and the MENA region aiming to expand their solution into Egypt.
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Banks in Singapore to phase out OTPs in favour of digital tokens
The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) have said the country’s major retail banks will soon phase out the use of One-Time Passwords (OTPs).
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RAKBANK, Microsoft ink deal to transform AI applications in banking operations
RAKBANK will leverage AI to transform various facets of the bank’s operations.
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Commercial Bank of Dubai, Visa ink deal to accelerate digital payments
Under the deal CBD and Visa will establish a ‘Centre of Excellence’ powered by Visa Consulting and Analytics.
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EMX launches ‘EMX International’ to streamline e-commerce delivery in the GCC
EMX has launched a new service designed to streamline e-commerce parcel delivery across the GCC.
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Selfridges launches immersive experiences in bid to attract shoppers
Uk department store, Selfridges is transforming its stores into vibrant sports venues, this summer, with the launch of Sportopia
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Ocado, AEON reveal plans to build third robotic warehouse
British online grocer, Ocado, is teaming up with Japan’s AEON to launch a third Customer Fulfilment Centre.
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European Banking Authority expands ‘travel rule’ to tackle money laundering
The European Banking Authority (EBA) has expanded the so-called ‘travel rule’ to help tackle money laundering and terrorist financing.
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Emaar adopts virtual card solution to streamline B2B payments
UAE real estate developer, Emaar has adopted a new virtual card solution designed by Visa and Mashreq to help streamline B2B payments.
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Weekly news roundup Middle East & Europe – July 5th
Welcome to this week’s weekly news roundup, where we bring you a quick overview of the latest developments in finance, payments, retail, e-commerce and more across the Middle East and Europe regions.
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Adyen partners with UAE’s noon to enhance e-commerce payments
By integrating Adyen’s advanced payment solutions, noon is aiming to streamline payment processes,
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UAE-based Maly launches GenAI financial assistant
MalyGPT has been designed to help improve the way people manage their personal finance.
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Jorge Carrasco: “Financial institutions can benefit most from this technology”
Jorge Carrasco, Blockchain and Web3 expert at FTI Consulting delves into the evolving digital assets landscape in the Middle East.
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5 omnichannel marketing strategies to drive growth in 2024
Here are 5 omnichannel marketing strategies designed to increase customer loyalty and improve engagement while ultimately boosting the bottom line.
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Interview: How Taager is empowering e-commerce startups
Seamless Xtra’s August Skinner speaks with Abdelrahman Sherief, Co-Founder and VP of Growth at Taager. Taager is a social e-commerce platform that supports merchants in implementing end-to-end logistics.
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Bitpanda MENA observes significant uptick in UAE’s crypto adoption
Walid Benothman, Managing Director of crypto platform Bitpanda MENA believes the UAE is entering a new era that will see it become a leading global crypto hub.
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Uber to offer boat options in European tourist destinations
The ride-hailing firm is aiming to respond to rising demand for services in tourist hotspots around Europe.
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Loyalty platform Heymax.ai raises US$2.6 million in seed funding
Singapore-founded loyalty platform Heymax.ai has raised US$2.6 million in seed funding, led by January Capital.
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Mashreq launches API-enabled instant payments for corporate clients in UAE
Mashreq is one of the first financial institutions in the UAE to successfully provide API-based real-time payment capability to its corporate and Institutional clients.
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- Interview with Majed Zantout, Group Marketing Officer | Al Ghazzawi Holding Group, KSA
- Interview with Mikhail Ulianchenko, Head of Digital & eCommerce | ASTERI Beauty
- Interview with Kareem Abdel-Rahman, Head of Global Transaction Banking | QNB, Egypt
