Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, hosted the second Dubai FinTech Summit (DFS) Dialogues this week, powered by the Innovation Hub. Heads of 10 leading regional banks and FinTechs were invited to unpack the challenges facing
Mozn has announced its strategic partnership with Mambu. The partnership will provide the region’s financial organisations with industry-leading cloud banking solutions combined with world-class Software-as-a-Service (SaaS) products built on cutting-edge R&D and intelligence engines. Mambu’s cloud-native banking platform complements Mozn’s AI-Powered financial crime prevention suite “FOCAL” to protect banks and
If adopted in the right way, AI has the potential to revolutionize the banking industry – saving time, cutting costs, and improving the customer experience and sales. By integrating AI across their businesses, established banks can fend off increasing competition from new market entrants outside the traditional financial services industry.
In a global survey of 300 C-suite banking industry executives, 54% say their financial institutions have faced greater competition over the past three years from digital alternatives. However, these executives also indicate that they are better positioned to compete. Notably, 84% of respondents reported that they have, to some extent