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Despite the rise in cyber-attacks and the shifting demands and constraints placed on them, 95 percent of IT decision-makers say they are satisfied with their IT security provisions, with 25% indicating they are "very satisfied." 86 percent also say that their organization's IT security teams have "all the capabilities necessary" to deal with today's difficulties.

Sunil Kumar, GM of LuLu Financial Services Phils, said, "It is a milestone event, considering we are the only non-bank financial institution allowed by regulators to engage in export/import of foreign currencies. MSBs, forex dealers, and even banks welcomed this development, and remaining committed in our mission to deliver highest standards of service to our regional and global partners."

F5’s SOAS analysis revealed that finanial services organizations stand out as the leaders in digital expansion, with a focus on business process automation, orchestration, and the creation of more seamless digital experiences.

Currently, more than 1.7 billion people in developing economies are prevented from participating in economic opportunities because of not having a traditional bank account. Algbra will deliver financial services through one application to address this significant gap in the global economy. It will offer accounts, debit cards, savings, rewards, FX, remittances and more.

The Fintech Megathon 2021 is centered on finding innovative technical solutions to challenges facing the services sector under eight thematic areas, namely asset management/investment advisory, digital assets/cryptocurrencies, crowdfunding, forex (trading of foreign currencies, e-KYC form, SME financing, financial inclusion, and suptech and regtech. the megathon encourages innovators, financial institutions, regulators, and other ecosystem partners across the UAE .

This report is a peek into the evolving financial services landscape at two points in time: immediately preceding the pandemic and nearly a year later. The result is a unique analysis of differences between 2019 and 2020 industry attitudes as well as net-new questions uncovering COVID-19’s impact on the industry.

According to the Financial Services edition of the 2020 SOAS report, 60% of surveyed organizations in the industry believe public cloud platforms will be strategically important for them in the next two to five years, up sharply from 49% in 2019. That places adoption of the public cloud as the industry’s most important strategic priority.

eWallet does not require customers to have a bank account, credit or debit card to conduct digital payments. Customers only need a valid Emirates ID and a UAE mobile number to open an eWallet account. Once registered, users can instantly top-up their wallet balance.

F5 Labs’ analysis, which examined customer security incident response (SIRT) data from 2017-2019, covered banks, credit unions, brokers, insurance, and the wide range of organisations that serve them, such as payment processors and financial Software as a Service (SaaS).

New application combines features of both DFM App and DFM […]