In a world that is adopting disruptive technologies such as digital cash, automation and artificial intelligence at incredible speed, it is incumbent upon companies to digitise and keep up with the pace of change.
Financial institutions are no exception.
As financial technology (fintech) and digital transformation continue to infiltrate the banking landscape, service providers must recalibrate their offerings to grow and retain an increasingly techsavvy customer base. Open banking – among newer technologies – may emerge as a key differentiator for banks, who seek to leverage data to secure their foothold and unlock new revenue streams.
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The big picture
The Journey of Humanity is the world’s largest canvas painting. Dubai-based artist Sacha Jafri raised $62m from the sale of it, all of which will now be given to charity. Here’s what it took to create one of the biggest artistic, social and philanthropic projects of its kind to date
Navigating the Experience Age
We have an opportunity to transform and redefine travel by exploring how virtual and real experiences might complement one another
Explainer: Have workplace savings plans taken off in the GCC?
Having a pension solution ensures that the employer sets aside a defined amount on a periodic basis for end of service benefits
Calling the right numbers
Standing apart and making a mark in the regional telecom industry has been challenging and yet rewarding, states Mountasser Hachem, founder and CEO of Monty Mobile
Building a golfing legacy
Indian businessman Sudesh Aggarwal will launch the inaugural Emirates Amateur Golf League – the world’s first franchise-based amateur golf league – this November in Dubai
Ricardo Guadalupe, CEO of Hublot, took a Swiss watchmaker that was only known among a select few and transformed it into a larger-than-life phenomenon. Here’s how he did it
Phi Trends: Healthy growth for alternative therapies
The market for alternative therapies such as gene-based solutions has garnered investor interest due to advancements in recent months, states entrepreneur and investor Shailesh Dash, who shares his perspective in this monthly column
Primed for growth
Abu Dhabi-based Yas Holding is rapidly expanding its portfolio across key sectors such as healthcare, education and technology. Group CEO Murshed Al Redaini reveals how the company has tackled the Covid crisis and its ambitious plans for the future
Why are we in a digital disarray?
It’s about time all of us seriously reflect on how we break this addiction
Riding the wave
UAE homegrown boat manufacturing business, Gulf Craft, helmed by Mohammed Hussein Alshaali, has built itself into a world-class player – evident in the new Majesty 175 which conducted its first sea trials earlier this year
IPA, AI & Blockchain to fuel transaction banking
Pitchai Mahalingam, head - Operations & Transaction Banking at Federal Bank, discusses the impact of COVID-19 on transaction banking business, fintech partnerships, etc:
TECH CAN ADDRESS LOOPHOLES OF TRADITIONAL CREDIT MODELS
Sandeep A, Co-Founder & CPO, Crediwatch, says that despite the tremendous progress it has made in recent years, FinTech’s disruptive power is yet to be fully exploited, especially in the credit risk sector