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BANKING

Dubai's biggest bank wins approval to open 20 branches in Saudi Arabia
July 18, 2019

Emirates NBD on Wednesday said it has received approval to open 20 more branches in Saudi Arabia as Dubai’s biggest bank expands in the Arab world’s largest economy.

The state-controlled lender currently operates two branches in Riyadh, one in Jeddah and another in Khobar in the east.

The expansion"...

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Bank of America Reports Second-Quarter 2019 Financial Results
July 18, 2019

Bank of America reported its second-quarter 2019 financial results today. The news release, supplemental filing and investor presentation can be accessed in the following ways:

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190717005354/en/

Saudi Bank customers warned of online fraudsters
July 15, 2019

RIYADH: Fraudsters are now applying innovative ways to cheat people via email.

They used to make mobile calls and send texts or messages via WhatsApp, but now they are sending emails bearing bank logos and asking users to update accounts, even seeking personal information.

The banking service organization Saudi"...

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Banking, petrochemical shares boost Tadawul
July 15, 2019

DUBAI: Major Gulf stock markets closed higher on Sunday, mirroring gains late last week in global markets, and supported by some companies’ positive second-quarter results.In Saudi Arabia, the Tadawul main index rose 0.5 percent, with banks and petrochemical companies leading the gains.Dubai’s Arqaam Capital said in a research note last week it expected Saudi Arabia to deliver the strongest second-quarter earnings performance in the Gulf.

“We,"...

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HSBC Saudi Arabia voted as 'Best Investment Bank in Saudi Arabia' for 2019
July 1, 2019

HSBC Saudi Arabia has once again won the award for “Best Investment Bank in Saudi Arabia” from Euromoney for 2019. The award was recently presented during the Euromoney Awards for Excellence ceremony held in Dubai.

On this occasion, Rajiv Shukla, CEO (acting) of HSBC Saudi Arabia, said: 'We are pleased to have won this prestigious award yet again, which is a recognition of the outcome of our strong commitment in offering the best investment"...

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SABB first bank in Saudi Arabia to be an Authorized Training Employer with ICAEW
June 27, 2019

The Saudi British Bank (SABB) has joined forces with Institute of Chartered Accountants in England & Wales (ICAEW) to become the first bank in the Kingdom of Saudi Arabia to be an ICAEW Authorized Training Employer. The partnership, which supports the Saudi Vision 2030, will help SABB attract and retain talented individuals by offering ICAEW’s prestigious ACA qualification.

As one of the leading financial services organizations in Saudi Arabia,"...

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Ajman Bank wins ‘Most Improved Alternative Channels’ Award
June 23, 2019

AJMAN — Ajman Bank has been conferred with the ‘Most Improved Alternative Channels’ award by ETHOS Consultancy for demonstrating outstanding performance in electronic banking and payment solutions. The coveted award was presented to Ajman Bank in recognition of the expansion of its channels in consumer banking through Samsung Pay, CRM, Contactless Card and Mobile Banking Up-grade to ensure its customers efficient, secure and seamless service....

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Legerity FastPost Helps Leading Life Insurer to Automate New Financial Reporting and Disclosures Process
June 20, 2019

Aegon UK, a leading savings, protection and investment service provider has selected Legerity Limited’s FastPost IFRS 17 solution to help it transition to the new International Financial Reporting Standard (IFRS 17). The new standard takes effect from January 2022 and is one of the most significant changes to accounting in the insurance sector in years,

Legerity will provide Aegon"...

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Bank ABC Partners with Jumio to Become First Bank in the Middle East to Employ Biometric-Based Digital KYC Functionality
June 20, 2019

Jumio, the leading AI-powered trusted identity as a service provider, today announced a partnership with Bank ABC, the MENA (Middle East and North Africa) region’s leading international bank. The partnership enables Bank ABC’s new mobile-only bank to compliantly onboard new individual customers using Jumio’s biometric-based identity verification solution. Based in Bahrain, Bank ABC currently serves customers on five continents, covering countries in the Middle East, North Africa, Europe, the Americas and Asia. Bank ABC plans to launch one of the region’s first digital banks and has invested in establishing digitised operations including a fully digital KYC capability. Simplifying and streamlining the onboarding process is central to these efforts. Traditionally, it takes consumers one to two weeks to create a new account and requires them to visit a local branch in person to complete the account set-up process. “Bank ABC is committed......

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Animation, Sound & Vibration – How Visa is Reinforcing Consumer Trust in a Changing Payments World
June 19, 2019

Visa (NYSE: V) today announced global adoption of its sensory branding suite in 25 countries via more than a dozen new partnerships. The suite is comprised of sound, animation and haptic brand cues that occur with a Visa payment transaction. In a digital world increasingly filled with voice-commands, networked appliances and unattended retail environments, Visa’s sensory branding cues offer new ways to enhance the customer experience and convey the trust and security that the Visa brand represents. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190617005240/en/ Visa was the first major payment brand to introduce multi-sensory branding, which included animation, sound and haptic vibration expressions of its brand. After an extensive creation and selection process that involved focus groups and elimination rounds, Visa landed on a single ‘energetic’ and ‘optimistic’ sound,......

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