The rise of digital banking and the security concerns around it.
The rapid evolution of digital banking is helping the customers have more convenience in managing their finances through online markets. Allowing them to finish the tasks within days which before took weeks to accomplish. Also these advancements is a plethora of security risks that the firms must address in order to continue delivering the best, […]
NotaryChain – World’s first Blockchain-based notary platform.
World’s first blockchain based notary platform, NotaryChain is been introduced by the UAE harboured start-up, JustChain. Legal documents can be notarised digitally anywhere in the world providing convenience, accessibility and productivity of the notary public. Since the platform is based on blockchain technology, it is a secure and tamperproof digital alternative to the traditional process […]
Approaching end of LIBOR – Need for new RFR Liquidity
The London Inter-Bank Offer Rate (LIBOR) reference rate has announced its retirement and 31st December, 2021 will be the last day of its service. It is estimated that contracts worth $350 trillion will be impacted by this transition. Financial institutions are now forced to repaper their contracts to remove LIBOR references. Alternative Reference Rates (RFR) […]
Viability of the financial sector requires a collaboration and digital transformation.
Technological advancements has enabled the banking processes to move ahead from the manual ledgers and book keeping methods. But the banking and finance firms haven’t been able to keep up the pace with the rapidly changing digitized business world. Many firms even to this day are still using the rote methodology and haven’t expanded beyond […]
Revival of Qatari Bank hopes to grow gradually in Saudi Arabia
After almost three years of dormancy, The Qatari National Bank (QNB) branch in Riyadh, Saudi Arabia is expected to revive giving hope to pick up business activities between the two nations. The Chief Financial Officer of QNB Group Ramzi Mari told Reuters about the impact QNB will have on the business and other financial sectors. […]
Al Mal Capital’s REIT gets officially listed on Dubai Stock Exchange
Al Mal Capital’s Real Estate Investment Trust (REIT) which successfully completed its Initial Public Offering (IPO) last year has been officially listed on the Dubai Financial Market (DFM). This is a significant milestone since it provides the investors with new products and investment opportunities by reinforcing the bourse’s diversification strategy, assures Essa Kazim, Chairman of […]