Nicolas Khoury

Sneak peek alert: Listen to what our #KearneyOriginals have to say about the upcoming launch of the Kearney GCC Retail Banking Radar 2024! Keep a look out next week to learn how #banks can make the shift from resilience to regeneration. #Regenerate #Createwhatsnext

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Discover how cloud-based core banking empowers traditional financial institutions in the MEA region. Read our latest article on MEA Finance Magazine for insights into efficiency, security, and innovation. Read more: https://lnkd.in/dQy4jD8W #ProfileSoftware #FinuevoCore #CloudBanking #DigitalTransformation

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I’m honored to be joining the panel discussion at the upcoming Dubai FinTech Summit organized by DIFC next week. We’ll be exploring the nuanced topic of ‘Banks Vs FinTech’s: Is there a Regulatory Arbitrage?’ Looking forward to engaging with fellow panelists and sharing insights. Stay tuned for updates! #DubaiFinTechSummit #RegulatoryArbitrage #BanksVsFinTech”

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Commercial Bank International partners with areeba to advance FinTech payments in the UAE Commercial Bank International (#CBI) has announced a strategic #partnership with areeba, a global #payment #infrastructure provider in the #UAE. The partnership aims to empower #FinTechs with #scalable, #securecard #management capabilities and accelerate the growth of the country’s #digital payment ecosystem. With the UAE already accounting for 46% of FinTech #startups in the #MENA region, the agreement aims to further support the growth of the local FinTech landscape by enabling businesses to adopt innovative solutions. Source: IBS Intelligence

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ACI Worldwide's 2024 Prime Time for Real-Time report has revealed that the Middle East is the FASTEST growing market for real-time payments for the SECOND year running 👏 🏛 💸 Governments in the region are implementing real-time payment schemes where businesses and consumers are REAPING the benefits; and is propelling the region into a NEW ERA of financial transformation 🤯 📈 The Middle East ALSO saw a remarkable YoY growth of 33.6% in 2023 with 855 million real-time payment transactions and last year marked a significant milestone as Oman, Kuwait and Qatar each launched their OWN national real-time payment schemes, 👨‍💻 “Real-time payments eliminate payment friction, inject greater liquidity into the system, and promote economic growth and financial inclusion. Yet, their full potential can only be realized when banks transcend legacy silo systems. With real-time payment schemes now operational in every GCC nation, local banks are at a pivotal juncture where they must harness technological evolution as the catalyst for innovation. The path to innovation lies in modernizing and future-proofing their infrastructure, enabling them to fully leverage the potential of real-time payments,” said Santhosh Rao, Senior Vice President, Sales at ACI Worldwide MEASA. “Active collaboration is the cornerstone of a thriving real-time payment ecosystem, fostering an environment where banks must navigate a delicate balance of competition and cooperation with emerging market players. The world’s most successful real-time payment schemes, exemplified by India’s achievements, showcase a myriad of real-time payment methods via QR codes, mobile apps, or online accounts, pushing the boundaries of innovative use cases. With the Middle East leading the world in real-time payments growth, financial institutions should seize the opportunity to carefully study these successes and extract valuable insights to inspire the launch of their own pioneering real-time payment solutions.” Read the report on the link below! 👇 #aciworldwide #payments #middleeast #realtimepayments #gcc #digitaleconomy #mobilepayments #paymentsolutions

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🌟 Exciting Growth in Digital Banking in the UAE 🌟 Digital banks in the UAE are booming! Our CEO, Ghady Rayess, discusses the transformative role of the UAE Central Bank and FinTech innovations in a recent feature at Al Bayan Newspaper. Discover how new licenses, diverse payment solutions, and AI are shaping the future of finance. Read the full article 👇 #DigitalBanking #FinTech #Innovation #UAE

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The global banking ecosystem has undergone significant shifts over the past decade, marked by economic challenges and evolving market conditions. Despite these fluctuations, GCC banks have demonstrated remarkable resilience, consistently generating strong shareholder returns (ROE) that exceed the global average by three to four percentage points. One of the key drivers of this success is the increasingly favorable climate for digital banking, which financial institutions in the region are leveraging to enhance their operations and better serve customers. In our latest market report, we profile the different markets across the region and highlight the growing opportunities for digital banking, particularly in the SME sector. Download and read it here for insights: https://lnkd.in/duYzCzNv #CodebaseTechnologies #Digibanc #MarketReport #GCC #SME #DigitalBanking 

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💫 From established players to emerging startups, the fintech ecosystem in the Middle East and Africa is thriving 💫 Finastra Universal Banking's Siobhan Byron MBA, PMP (she/her), and Karim El Mourabet spoke to The Fintech Times about the dynamics and growth of the sector and the unique opportunities and challenges faced by different markets. Read the interview here 👉 https://okt.to/1sm8U3

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And here’s this mornings segment on those q1 growth figures. The non-oil sectors now account for more than three-quarters of the UAE economy, after adjusting for inflation.

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With RAKBANK launching the SME Confidence Index, its inaugural report on the SME sector in the UAE, we talked to its Managing Director of Business Banking, Dhiraj Kunwar, to learn more about this initiative and its key findings: https://lnkd.in/dQMcmnqi #SMEs #smallbusinessowners #smallandmediumbusiness #entrepreneurs #growth #gdp #uae #nonoil #revenue #forecasts #report #rakbank #economy #economicoutlook

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💫 From established players to emerging startups, the fintech ecosystem in the Middle East and Africa is thriving 💫 Finastra Universal Banking's Siobhan Byron MBA, PMP (she/her), and Karim El Mourabet spoke to The Fintech Times about the dynamics and growth of the sector and the unique opportunities and challenges faced by different markets. Read the interview here 👉 https://okt.to/Enci2r

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Emirates NBD, Raiffeisen and Al Rajhi most profitable banks in the world Read full article on: https://bit.ly/4aZo0eq The world’s top 10 most profitable banks with assets over $100 billion include four from the Middle East, three from Asia, two from the Americas, and one from Europe ● Emirates NBD most profitable in the Middle East ● Austrian bank Raiffeisen saw profits surge, largely due to the Russia-Ukraine war ● Bank of China (Hong Kong) excelled in operating profit growth, CIR, and non-interest income Emirates NBD Bank, Raiffeisen Bank International (RBI), and Al Rajhi Bank stood out as the top three most profitable banks in the world in 2022 amongst those with total assets exceeding $100 billion, according to the TAB Global 1000 World’s Strongest Banks Ranking 2023. Bank profitability is assessed through four key indicators: operating profit growth, return on assets (RoA), cost-to-income ratio (CIR), and non-interest income to total operating income ratio. Subscribe to TABInsights for more research notes and relevant articles: https://bit.ly/3MYtxsp Emirates NBD, Raiffeisen Bank International AG, Al Rajhi Bank, BBVA en México, The Saudi National Bank - SNB, Kuwait Finance House, Banco do Brasil, Bank of China (Hong Kong), HDFC Bank, Bank Mandiri Taspen, KBC Group Re Chris Kapfer, Wendy Weng Meng Jiao, TAB Global #bankingprofits #MiddleEastbanks #financialperformance #globalbanks #bankingindustry #financialsuccess #bankingstrategy #profitabilityanalysis #EmiratesNBD #Raiffeisen #AlRajhi #BankofChina #HDFCBank #BankMandiri #RBI #bankingnews #financialinsights #tabinsights #theasianbanker #tabglobal

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Most banks are racing to understand what the new generation of digitally savvy mobile-oriented consumers want from their banking services. Our new Bank of the Future Saudi Arabia Retail Banking Survey revealed a clear demand for improved services and innovative products. But what exactly do consumers want from the bank of the future? ▪ 68% say they are comfortable to be guided by AI in their day-to-day decisions ▪ 84% want apps that provide personalized insights into their finances ▪ 86% want a better view of all their financial products in one place. Do you agree? 👉 To read the full report and explore how banks should respond, click here: https://okt.to/Xndyma Contact: Naim Alame, Kushal Dhammi, Nadir Basma, PhD #BankingSaudi #MiddleEastBanking #SaudiBanking #BankOfTheFuture #CapcoMiddleEast #GenAI #Hyperpersonalization #FutureOfBanking #CoreTransformation

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Khalid Elgibali: How Mastercard is driving financial inclusion. Mastercard is rapidly evolving in fintech and financial inclusion, led by Khalid Elgibali, the chief operating officer for the Eastern Europe, Middle East, and Africa (EEMEA) region. Elgibali emphasizes the importance of cross-border payments in the Middle East due to its expat population, which heavily relies on such transactions. According to Mastercard's 2023 Borderless Payments Report, many UAE and Saudi Arabian respondents foresee increased cross-border payments in the coming year. In fintech, Mastercard is considered a key enabler, providing tools and partnerships to help companies scale. Examples include alliances with HyperPay, Loop, JazzCash, and initiatives in the UAE and Qatar. Lastly, Mastercard prioritizes cybersecurity through acquisitions and collaborations that harness AI technology to protect transactions and safeguard the digital ecosystem. #FinancialInclusion #FinTech #CrossBorderPayments #MiddleEast #Mastercard #Cybersecurity #AI #DigitalEconomy Find out more: https://lnkd.in/d3Nht_A2

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QNB announced the launch of Qatar’s Open Banking API services, custom-crafted for corporate clients. The goal is to enrich QNB's corporate bank e-channels with Beyond Banking Value-Added services. With the introduction of these open banking APIs, companies gain direct interaction capabilities with the bank through API calls. The range of services spans from transaction initiation to service and information requests, enabling companies to integrate seamlessly with the bank while leveraging their personalized internal platforms and processes. This level of flexibility ensures that clients can tailor their banking interactions to suit their specific needs and circumstances. The service is now accessible to all corporate clients and service providers, both locally in Qatar and at all QNB branches worldwide. (Image by FactsNet) #QNB #OpenBanking #API #CorporateBanking #FinancialInnovation #DigitalTransformation #Fintech

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Making the world smaller one transaction at a time.

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We are proud to be featured in Economy Middle East's April issue alongside Policybazaar.ae! Special thanks to Christophe Morchio, Chief Commercial Officer, for representing Prepay Nation in this leading business publication. The article "The Middle East is on the Cusp of a Digital Payments Revolution" highlights Christophe's invaluable insights into the transformative potential of digital payments in the region's economy. Christophe's vision and leadership continue to propel us forward in embracing innovative solutions that shape the future of commerce in the Middle East. Read the feature here 👉🏼 https://bit.ly/3U9yO2P #PrepayNation #Prepaid #B2BMarketplace #Mobile #Data #Airtime #Bundles #eGiftcard #Utility #CrossBorder #TopUp #Payments #RechargeYourBusiness #FinancialInclusion #DigitalTokens #GlobalTransactions #DigitalPayments #OneNation

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The future is digital as traditional banking is becoming a thing of the past. Fernando Pacheco, Senior Vice President, Head of cash management products, global transaction banking at Mashreq shares how APIs and embedded finance modules are helping integrate financial services into non-financial platforms, helping simplify and enhance user experiences. Read here: http://ms.spr.ly/6049l7wbT #Mashreq #MashreqCorporateAndInvestmentBanking #FinTech #DigitalBanking #API

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Based on the interview with Arsalan Ahmed, Director of FinTech EEMEA at Mastercard Business Development & Partnerships, here are some key points about Dubai: 🌟 Emerging Market: Dubai, though a relatively new player in the fintech space, is a robust and mature market. It is not characterized by the immaturity often seen in newer markets. 🌟Innovation-Friendly Environment: Dubai offers more opportunities for innovation compared to mature markets like Europe and the U.S., where disruption is harder due to established players. The market in Dubai is still evolving, making it easier for new ideas and technologies to take hold. 🌟Flexible Regulation: The regulatory environment in Dubai is more accommodating, allowing new entrants to navigate and innovate more easily within the financial sector, unlike in more established economies where regulations can be more rigid. 🌟Strategic Hub: Dubai's geographical location makes it a strategic hub, connecting the Middle East with global markets, which is advantageous for businesses looking to expand in the region and beyond. 🌟High Growth Potential: With the market still in its growth phase, there are significant opportunities for expansion and development in Dubai's fintech sector, contrasting with the slower growth potential in more saturated markets. #Fintech #Dubai #Innovation #BusinessGrowth #EmergingMarkets #TechHub Amritesh Pratap Singh Ankit Awasthi Alankrita Singh Chinmay Chitransh Fathima Salim Harshita M. Dr. Jatin Tekriwal Mansi Ganglani Paavni Garg @Raj Soumya Dixit Samina A. Simone Sony Shraddha Singh A product of Seeding Brains Coming Soon!

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