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Neobanks are Disrupting the UAE Banking Landscape!! . . . . . . Gone are the days of long queues and limited digital options! The UAE is witnessing a surge in Neobanks and Challenger banks. Here's why you should pay attention: ** 21% of UAE adults** already use Neobanks and this number is rising. ** Lower Fees, Faster Transactions, and User-Friendly Apps** are just a few reasons for their popularity. ** Traditional Banks** need to adapt or risk losing young customers. Tayseer Innovations helps banks navigate this changing landscape. We offer solutions to: ️** Develop Innovative Digital Banking Experiences ** Integrate with Neobanks and Fintechs ** Stay Compliant in the Evolving Regulatory Environment The Future of Banking is Digital. Is Your Bank Ready? #neobanks #challengerbanks #uae #fintech #banking #TayseerInnovations #SeerSolutions #DigitalBanking #OnlineBanking #UAEFintech #GCCFintech

We will be hosting the MEA Finance Transaction Banking Summit 2024 in KSA in partnership with Swift. 🗓 12th June 2024 📍 VOCO Hotel, Riyadh The summit will gather national and regional leaders from Banks, Corporates, Technology, Fintech and Government to address significant questions including how Transaction Banking and Payments will adapt to the challenges of today’s world and can they contribute to our region’s potential to become a world leading global business hub What to expect: ▶ More than 200 banking and technology leaders with a format attracting the entire spectrum of interested professionals including regulators, technology companies, start-ups, fintechs, innovators and other stakeholders from the value chains. ▶ Solid engagement opportunities for your company with decision makers, to directly tell them about your company’s solutions to today’s most pressing industry issues ▶ Exposure to the regional banking fraternity with your brand visibility in the exhibition area during networking breaks and via participation in panel discussions and keynote presentations Register Now: https://lnkd.in/dSDtQaAS #TransactionBanking #MEAFinance #BankingLeaders #Technology #Fintech #Government #NetworkingOpportunities Onur Ozan Huny Garg Alaa Al Rousan Cem Soydemir Chloe Riess Nap E. Kenneth Mitchen Andrew Cover Natasha Cristi Joy Baldenero

🌐 Fintech: Powering Digital Transformation in Banking Digital transformation is no longer just an option for banks—it’s a must. Fintech is making banking faster, more personalized, and easier to access. From AI chatbots to mobile payments, these technologies are changing how we do banking. In the Middle East, fintech is growing rapidly. stc pay in Saudi Arabia is leading with mobile wallets, making cashless payments popular. Liv Digital Bank .by Emirates NBD is one of the first digital-only banks targeting millennials and Gen Z. Meanwhile, Bahrain's open banking framework is setting a new benchmark for financial services integration, driving collaboration between banks and fintech. With innovations like buy-now-pay-later (BNPL) services from platforms like Tabby,Tamara and the rise of AI-powered wealth management tools, the Middle East is embracing fintech to provide smarter, more convenient solutions for consumers. As fintech continues to drive transformation, the future of banking in the region is undeniably digital. The financial industry is on the brink of major shifts, and the Middle East is positioning itself as a global hub for fintech innovation. Emirates NBD is proud to be a part of this journey, driving digital solutions for a seamless banking experience. #Fintech #DigitalBanking #MiddleEastInnovation #AIinBanking #CashlessEconomy #OpenBanking #BNPL

We will be hosting the MEA Finance Transaction Banking Summit 2024 in KSA in partnership with Swift. 🗓 12th June 2024 📍 VOCO Hotel, Riyadh The summit will gather national and regional leaders from Banks, Corporates, Technology, Fintech and Government to address significant questions including how Transaction Banking and Payments will adapt to the challenges of today’s world and can they contribute to our region’s potential to become a world leading global business hub What to expect: ▶ More than 200 banking and technology leaders with a format attracting the entire spectrum of interested professionals including regulators, technology companies, start-ups, fintechs, innovators and other stakeholders from the value chains. ▶ Solid engagement opportunities for your company with decision makers, to directly tell them about your company’s solutions to today’s most pressing industry issues ▶ Exposure to the regional banking fraternity with your brand visibility in the exhibition area during networking breaks and via participation in panel discussions and keynote presentations Register Now: https://lnkd.in/dSDtQaAS #TransactionBanking #MEAFinance #BankingLeaders #Technology #Fintech #Government #NetworkingOpportunities Onur Ozan Huny Garg Alaa Al Rousan Cem Soydemir Chloe Riess Nap E. Kenneth Mitchen Andrew Cover Natasha Cristi Joy Baldenero

Jeel, the digital innovation arm of Riyad Bank, has partnered with addax Financial Technology, backed by Standard Chartered, to accelerate the modernization of Saudi Arabia's banking sector. This strategic collaboration combines Jeel's technology-driven expertise with audax's digital banking solutions, enabling financial institutions across Saudi Arabia to adopt advanced, flexible models such as banking-as-a-service (BaaS), digital banks and open banking. The partnership aims to provide Saudi banks with the tools to transition from legacy systems and implement scalable, agile solutions. Beyond traditional banks, the partnership offers transformative potential for non-bank entities, extending the benefits of digital transformation to the broader financial ecosystem. Leveraging Audax's platform, which supports Asia's first global bank-powered BaaS, this initiative will drive ecosystem-wide integration, enabling real-time data access and seamless collaboration with third parties. This capability unlocks a range of monetization opportunities, including real-time underwriting, contextual cross-selling and fee-based services such as KYC-as-a-Service. With Saudi Arabia's financial sector projected to reach a GDP of $1.1 trillion by the end of 2024, and demand for digital wallets and real-time payments on the rise, the need for robust and scalable banking solutions has never been greater. This partnership will enable Saudi institutions to better compete with digital-first players, drive customer acquisition and improve operational efficiency, ultimately supporting the Kingdom's ambitious vision for digital transformation in finance. (Image by Audax) #DigitalBanking #SaudiVision2030 #Fintech #BaaS #OpenBanking #FinancialInnovation

What does Open Banking mean for consumers and business owner in Oman? How will it enhance financial services and promote competition among banks? We find out in our latest blog. Discover how Open Banking is reshaping Oman's financial landscape and is driving fintech innovation. Read to learn more- https://lnkd.in/gtj2_p_2 #openbanking #digitalbanking #fintechinnovation #APIBanking Rajesh BLN, Karthikeyan Raman, PATTUMANI DHAMODHARAN, Padmanabhan Rangarajan,Srikanth KS, Pasupati Khanal, Subhranil Mazumdar, Murali Raghavan, Meghna Surana, Supriya Naidu B K

The Central Bank of the UAE's latest report highlights significant strides in the nation's financial sector, emphasizing technological and structural advancements that have bolstered security and operational efficiency. Key takeaways include: 1. Technology driving transformation: The widespread integration of technology has fortified the UAE's financial system, ensuring robust security measures and improving accessibility through mobile and online banking platforms. 2. Steady growth and adaptation: Despite challenges, the number of locally incorporated banks and GCC banks remained steady, with consistent branch networks and electronic banking services, showcasing resilience and adaptability. 3. Diverse financial landscape: The UAE's financial ecosystem continues to diversify, with a range of licensed institutions catering to various needs, including wholesale banks, finance companies, and money changers, fostering a dynamic and inclusive environment. 4. Expanding accessibility: The proliferation of ATMs across the country underscores efforts to enhance accessibility and convenience for customers, further enhancing the overall banking experience. As the UAE's financial system evolves, how can businesses and individuals capitalize on these advancements to optimize financial operations and drive economic growth? #finance #innovation #uae

If FinTech builds a better future of banking rather than compete in the industry, everyone benefits. The generational shift across industries will break new frontiers for digital banking - discuss our panelists Ahmed Al Qassim, Group Head of Wholesale Banking, Emirates NBD, and Marwan Hadi, Group Head of Retail Banking and Wealth Management, Emirates NBD. #DFS2024 #DubaiFinTechSummit #FinTech #Finance #Dubai #Banking #DigitalBanking 

According to our ME Executive Director, Khaled Al-Ahli, FCMI, the UAE is witnessing a remarkable surge in demand for digital payment solutions. Trends reveal a consistent preference for credit cards, digital wallets and Buy Now Pay Later. Read more about the UAE's digital payment trends and how advanced technologies are shaping the future of banking 👉 https://lnkd.in/e3HAR-V5 #DigitalPayments #CashlessEconomy #UAEFinance

🔍 Unlocking the Future of Banking in Dubai: Innovation Beyond the Horizon 🔍 Dubai has long been a global hub for finance, with its strategic location and world-class infrastructure attracting major banks and financial institutions. However, as the digital revolution accelerates, there’s a growing need for banks in Dubai to push the boundaries of innovation even further. 💡 What’s Next for Banking Innovation in Dubai? 💡 1. Digital Banking Transformation: While many banks have adopted digital services, the focus should now shift to fully digital banking ecosystems. This means not just offering online services but creating seamless, integrated platforms that cater to the needs of a tech-savvy customer base. 2. AI and Machine Learning: Utilizing AI for customer service, fraud detection, and personalized financial advice can significantly enhance customer experiences. Dubai’s banks need to invest in AI-driven tools that can learn and adapt to provide tailored solutions. 3. Blockchain and Cryptocurrencies: With Dubai’s government showing strong support for blockchain and crypto initiatives, banks can explore opportunities in secure digital transactions, smart contracts, and cryptocurrency services. This could position Dubai as a leader in the blockchain finance space. 4. Sustainable Banking: As the world moves towards sustainability, banks in Dubai have a unique opportunity to innovate in green finance. Offering products and services that promote environmental responsibility can attract a new generation of eco-conscious customers. 5. Customer Experience and Fintech Collaboration: To stay competitive, traditional banks must collaborate with fintech startups to leverage their agility and innovative solutions. This partnership can lead to enhanced customer experiences through new digital products and services. 🧩 What’s Missing? 🧩 1. Regulatory Framework for Emerging Technologies: Developing a robust and adaptive regulatory framework is crucial to support and guide the integration of emerging technologies in banking. 2. Talent Development in Fintech: Investing in local talent and offering advanced training in fintech and digital banking will be essential to drive future innovations. 3. Infrastructure for Digital Currency: Building infrastructure to support digital currencies and secure digital transactions will pave the way for the future of banking. Dubai’s journey in the financial sector is far from over. By embracing these innovations, banks in Dubai can not only stay ahead of global trends but also set new benchmarks in the banking industry. Mashreq NEO Dubai Islamic Bank Emirates NBD Mashreq Corporate & Investment Banking Group Mashreq 🌍 #Dubai #BankingInnovation #Fintech #DigitalTransformation #SustainableFinance #AI #UAE 🌍