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Edinburgh Business School at Heriot-Watt University Dubai announced the establishment of an Industry Advisory Board (IAB), comprising key industry players and EBS ac. ....
JEDDAH: Saudi banking and financial experts have welcomed the Saudi Cabinet’s decision on Tuesday to approve the licensing of the first two local digital banks in the Kingdom STC Bank and Saudi Digital Bank. STC Bank will be created from the conversion of STC Pay into a digital lender with paid-up capital of SR2.5 billion ($670 million), having received an investment of SR750 million from Western Union for a 15 percent stake. Saudi Digital Bank will have paid-up capital of SR1.5 billion and will include Al Moammar Information Systems Co. (MIS) and other investors. MIS shares soared on Wednesday by 9.95 percent on the back of the news. ....
CIBAFI – ICD Webinar Focused on the Important Role that "Open Banking" Presents for Growth and Development of Islamic Banks - Brazil Business Today einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.
Content provided by Last updated: 09/03 - 10:10 The General Council for Islamic Banks and Financial Institutions (CIBAFI) and the Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-idb.org) have launched the first series of their joint webinars. CIBAFI – ICD Webinar on “ Open Banking: A Driving Force for Islamic Banking Growth and Development” was successfully held yesterday. Fintech has revolutionized the global financial industry – it has not merely changed the way consumers interact with their banking institutions, it has also upended long-established business practices and internal workflows. CIBAFI Global Islamic Bankers’ Survey (GIBS) 2020 Report revealed that one of the two financial technologies that stand out as an area in which Islamic banks expect to have effective implementation within their operations is Open Banking. ....