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AFS started with offering travellers' cheques followed by cards processing and evolved dynamically as a core payment processing, fintech, and merchant acquiring business. AFS has successfully laid the groundwork to drive its next chapter of growth with cutting-edge digital payment technologies. The shareholders are strongly committed to supporting this vision and are confident of the leadership's capabilities to achieve it.

“Mobily strives to enhance customer experience with a first-of-its-kind, next-generation financial services platform that enables secure and convenient journey for consumers. With the right technology partner like Ericsson, our ambitions to roll out new services that provide added benefits and features propel financial inclusion and achieve the goals of the Saudi Vision 2030,” says Ayman A. Aleissa, CEO, Etihad Fintech.

Financial services is one of world's most heavily regulated businesses. Organizations must comply with a slew of rules, including SOX, GDPR, and PCI DSS, which impose steep fines for non-compliance and data breaches. Many of these businesses must also establish business continuity and disaster recovery strategies to reduce the impact of data breaches or operational disruptions caused by a cyberattack.

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.