Tayseer Innovations’ Post

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

GCC bankjng and FinTech industry adopts AI and data to offer product based on users need in agile manner. thanks to Houssam Kayal for sharing his factual perspective.

After diving into the world of digital banking, especially in the UAE, it’s clear that this isn’t just a passing trend - it’s the way forward. Convenience, personalization, and cutting-edge tech are rewriting the rules of how we manage our money.   Look at Liv Digital Bank backed by the trusted legacy and dependability of Emirates NBD, It’s not merely an upgrade of traditional banking systems, it’s a reinvention of the banking experience. From seamless account setups to smart tools in minutes that actually help you save, it’s banking that feels built for the modern world. Liv is designed for the needs of today’s customer. It’s banking that works with you, not just for you.   The UAE is at the forefront of this shift, and it’s fascinating to see how digital banking solutions here are setting new global standards and reshaping how we manage our finances.. What’s your take on this evolution?   #LivDigitalBank #InnovativeBanking #FinancialFreedom

The GCC banking sector is being transformed by innovative technologies, changing customer expectations and disruptive forces. With a youthful, technology-seeking population demanding easier access to financial solutions, the region is ideal for fintech companies and neobanks to thrive. The market value is expected to reach $3.45 billion by 2026. Neobanks are redefining customer experience and product innovation. Over the years, the GCC's digital banking ecosystem has welcomed new players and seen incumbents create digital banking platforms. Capturing a larger share of consumer wallets and generating profits remains a challenge. A report by McKinsey highlights the embedding of data and AI capabilities as the solution. Neobanks are using AI to quickly launch products and integrate open banking capabilities, driving growth. Neobanks offer convenience, allowing customers to manage accounts and apply for loans online. Digital players such as Ajman-based Ruya and Abu Dhabi-based Wio Bank are transforming the market. Saudi Arabia's neobank market specifically is growing, with new entrants such as D360 and STC Bank. Technological advances and regulatory support are driving growth, while traditional banks are investing in digital infrastructure. Incumbents such as Abu Dhabi Commercial Bank and Kuwait's Boubyan Bank Group are launching greenfield neobanks to keep pace. (Image by ArabianBusiness)  #Fintech #Neobanks #DigitalBanking #Innovation #AI #OpenBanking

✨ Accelerating Fintech Innovation in the UAE 🌟 The UAE's banking sector is riding a high tide of innovation, powered by fintech. With a reported 31% increase in net profits, there’s clear evidence of the significant impact that digital services are having on financial institutions. 🚀 Robust Growth: The UAE is leading the charge in the MENA region with a transaction value that was just under $80 billion in 2023, and an expected CAGR of 15% through 2028. 📱 Payit - The Digital Wallet Pioneer: Payit is not just a product but a financial revolution, offering users a seamless and secure way to manage payments, transfers, and more, all from their smartphones. 🌍 A Global Fintech Hub: The DIFC is propelling Dubai to become a global nexus for fintech innovation, attracting a wealth of international talent and investment. 📊 Data-Driven Decisions: With AI and big data analytics, banks can now offer personalized financial products. This level of customization was unheard of a decade ago but is now a cornerstone of modern banking services. 💼 Open Banking Evolution: The 'Open Banking' movement in the region is set to surge, democratizing financial data and giving consumers more control over their financial lives. 🤖 AI-Powered Efficiency: Fintech solutions like Payit are streamlining operations, from customer service bots to AI-driven risk assessment tools, ensuring that banks remain competitive in this fast-paced digital era. #Fintech #UAE #Banking #Innovation #DigitalWallet #OpenBanking #FinancialServices #EconomicGrowth #paymentindustry

〰️ Digital banking in the UAE is rapidly transforming the financial landscape. With innovative fintech solutions and a tech-savvy population, the UAE is leading the charge toward a cashless society. From seamless mobile banking experiences to AI-driven financial services, the future of banking here is digital, secure, and customer-centric. As we embrace this shift, it’s exciting to see how technology continues to enhance financial inclusion and convenience. How do you see digital banking evolving in the UAE over the next few years? #digital #banking #DigitalBanking #Fintech #UAE #FinancialInnovation #CashlessSociety #BankingTechnology #FintechUAE #FinancialInclusion #FutureOfBanking #TechInnovation #CustomerExperience #BankingTrends

Dubai’s Banking Evolution: Collaboration Over Competition “Traditional banking is no longer a valid model,” emphasized Abdul Waheed Rathore, Group Chief Compliance Officer at Dubai Islamic Bank, during the Banking, Innovation, and Technology Conference by Khaleej Times. As customer demands shift towards seamless digital experiences, financial institutions must embrace open banking by integrating with fintech, government sources, and other industry players. By Q1 2025, all banks in the UAE are expected to implement application programming interfaces (APIs), driving an era of cooperation among banks, fintechs, telcos, and quasi-banking players. The future of banking isn’t about competition but collaboration, leveraging shared data responsibly to create a ‘wow’ experience for customers. As Rathore highlighted, “Either you’re in the game, or you’re out.” #OpenBanking #Fintech #BankingInnovation #SeamlessBanking #Dubai

It’s great to be at the event to talk about futuristic partnerhips that drives growth in the digital landscape. #Fintech #SeamlessDXB #SeamlessUAE #SeamlessMiddleEast #customsoftwaredevelopment #innovation #tech #startup

APIs are gaining importance in banking and finance due to the sector's growing interconnectivity. They are central to collaborations among mobile apps, banks, payment processors, credit card companies, and lenders, enabling improved services. Register for the Dubai FinTech Summit, as the leaders from banks and FinTechs discuss the implications and opportunities of the interconnected financial ecosystem - https://bit.ly/3veNuF4 #DFS2024 #DubaiFinTechSummit #API #Banking #DigitalPayment #Finance