Tag: Banking

Indian bank, Axis, to give option to enter Devnagari PIN for secure banking

MUMBAI: Axis Bank is shaking things up in the digital banking world with a fresh, secure, and uniquely Indian twist—the Devanagari PIN. This innovative feature blends tradition with technology, letting users create memorable yet ultra-secure banking PINs using the Devanagari script. Forget boring number combinations! With this new feature, you can turn your favourite Hindi […]

Indian scheme brings 530 million adults into the banking system

NEW DELHI: Indian poverty reduction scheme, Pradhan Mantri Jan Dhan Yojana (PMJDY), has brought 530 million adults into the banking system over the past 10 years, as announced on its 10th anniversary. Recognised as the world’s largest financial inclusion initiative, the scheme has significantly expanded access to financial services. A key aspect of the scheme […]

Sharjah Islamic Bank partners with ‘haifin’ to counter fraud, support digital evolution in banking sector

Dubai: In an effort to intensify the fight against fraud and advance digital transformation within the banking sector, Sharjah Islamic Bank (SIB) has joined the “haifin” platform alliance, marking its membership as the fourteenth participant. This move underscores SIB’s dedication to accelerating collective endeavors within the banking sector aimed at refining risk management protocols and […]

Emirates NBD celebrates the 60-year journey from local to international banking brand

Dubai: Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa, and Türkiye) region, marks a significant milestone this year, with the bank celebrating its 60th anniversary. The landmark occasion also marks the bank’s journey and tremendous progress from a homegrown local bank to a homegrown international bank, employing over 30,000 people […]

GCC Insurance Industry to witness a pickup in growth

DUBAI: UAE-based investment banking advisory firm, Alpen Capital, launched its latest GCC Insurance Industry report on Tuesday, 8th February. The report provides a comprehensive overview of the GCC insurance sector and outlines the outlook, recent trends, growth drivers, and challenges in the sector. It also profiles some of the renowned insurance companies in the region. […]

Finnovex ME 2021: Focus on banking innovation and transformation

The platform will bring together top professionals and C-level executives from the industry to examine how technology is reimagining Banking innovation for 2021 and beyond. Dubai: Continuing the efforts to support the regional Fintech ecosystem, Exibex, the organizers of Finnovex Global Series, the leading summit on financial services innovation and excellence, is back with the […]

Banks & Fintechs – To compete or to co-exist?

Since the formalization of monetary policies centuries ago, banks have since then been the flag bearers of secure monetary growth & regulated financing and the space has seen a massive evolution from banking institutions moving purely accepting deposits & disbursing loans to increasing their focus on wealth management & value-added services for increased customer acquisition […]

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