The latest findings from Insight Discovery’s 13th edition of the Middle East Investment Panorama (MEIP) report illuminate the remarkable surge in wealth management firms within the Gulf Cooperation Council (GCC). An impressive 22% increase has been recorded in 2023, bringing the total number of regulated entities to a robust 240. Particularly in the United Arab Emirates, the growth is even
The aspiration to integrate Artificial Intelligence (AI) in the banking sector has never been higher, yet an alarming disconnect highlights the industry’s struggle to adopt and scale AI technologies effectively. With the whole banking community acknowledging the transformative potential of AI, it is perplexing that only a handful of institutions have developed a comprehensive strategy for its deployment. According to
In the UK, Canada, and Europe, small and mid-sized enterprises (SMEs) are a linchpin of the economy, but they often face the challenges of handling diverse payment requirements and maintaining robust cash flow while striving to boost sales. PayPal has introduced PayPal Complete Payments, a service specially tailored to aid SMEs in overcoming these obstacles. This new tool offers the
As the banking industry evolves, traditional banks are at a crossroads: innovate or risk becoming irrelevant. Dr. Anna Becker, CEO and Co-founder of EndoTech.io, underscores the critical role of AI in shaping the future of banking. These advanced technologies offer a lifeline to banks, allowing them to stay competitive in a rapidly shifting financial sector. By forming strategic partnerships with
Intelligent Automation (IA) stands at the cutting edge of tech evolution, revolutionizing how businesses operate with a level of efficiency and creativity never before seen. The digital revolution in enterprise owes much to the synergistic use of technologies such as Robotic Process Automation (RPA), Intelligent Document Processing (IDP), along with further technological breakthroughs in Computer Vision and Natural Language Processing.
The ever-changing realm of online shopping puts a spotlight on the customer experience, with innovations aiming to enhance it constantly emerging. One significant player, PayPal, has stepped up to address the critical role that payment processes play in e-commerce by introducing ‘Complete Payments.’ This freshly launched service is designed specifically to empower small online retailers, offering them a leg up
Since its inception in 2014, Tezos has carved out a name for itself as an advanced blockchain platform built for smart contracts and dApps. It distinguishes itself through a foundational emphasis on enhanced security and a unique self-amending governance model, which enables it to evolve without the contentious hard forks that plague other blockchains. The Tezos project catapulted into the
The FinTech industry is experiencing significant expansion, driven by trailblazing companies such as Synctera, which offer cutting-edge embedded banking services. Synctera’s recent accomplishment in securing an additional $18.6 million in their Series A funding round is a clear indication of the strong investor confidence in their business model as well as the greater embedded finance sector. This influx of capital
Alphabet Inc., the parent company of Google, is at a pivotal point as it grapples with declining investor trust and a shrinking stock valuation, which has seen a staggering $80 billion drop in market cap. This downturn has cast a spotlight on the corporation’s quest to maintain leadership in the ever-evolving AI sphere. With AI increasingly seen as crucial to
Softpay is revolutionizing the payment industry with its tap-to-phone technology, which allows any Android device to double as a contactless payment terminal. This innovation is particularly beneficial for a wide variety of merchants, from traditional stores to itinerant vendors and delivery services, by facilitating seamless transactions. With the inclusion of BankAxept card acceptance, businesses can now cater to customers seeking
The ongoing legal clash between American Airlines and pilot Bryan Spence highlights the growing tension between traditional investment approaches and the inclusion of Environmental, Social, and Governance (ESG) principles. This dispute is more than a singular conflict; it encapsulates the broader debate over fiduciary responsibilities and the role of ESG in corporate finance, stirring discussions within the industry that resonate
In 2024, the B2B payment sector has evolved remarkably due to ongoing technological progress and the changing needs of businesses. Digital payment methods have become central to commerce, offering businesses a range of options that prioritize speed, user-friendliness, and security. This shift in the payment landscape is reshaping the way companies handle their finances, collaborate with counterparts, and make key
