MetLife has partnered with Abu Dhabi Islamic Bank to provide comprehensive life insurance solutions through ADIB’s diverse distribution channels and network of more than 60 branches. Under the agreement, MetLife will offer insurance to support the aspirations of ADIB’s customers, including financial planning programs covering different lifetime needs such as children’s education and marriage, as well […]

The National Business Centre signed an incubation agreement with Tamkin Digital Transformation Company. According to the agreement, NBC will provide Tamkin with a variety of services including office space, access to intensive training, and coaching and mentoring sessions. These services aim at developing the entrepreneurial skills which will eventually contribute to the growth of the […]

Oxford Business Group and Al Fardan Exchange team up for new Covid-19 Response Report. The Covid Response Report (CRR) provides analysis in an easy-to-navigate and accessible format, focusing on key data and infographics relating to the country’s socio-economic landscape. The report covers pre-pandemic expansion witnessed across the UAE’s remittance market, which has benefited from the […]

SC Ventures and Northern Trust have entered into an agreement to launch Zodia Custody. Zodia enables institutions to invest in the emerging cryptocurrency assets that are transforming how financial markets operate, including transaction and settlement activities. Zodia is expected to begin operations in London in 2021. Zodia will provide custody services for the most-traded cryptocurrency assets […]

DBS has announced that it will launch full-service digital exchange which will enable Institutional Investors and Accredited Investors to tap into a fully integrated tokenization, trading and custody ecosystem for digital assets. The digital exchange will use blockchain technology to provide an ecosystem for fund raising through asset tokenisation and secondary trading of digital assets […]

UOB has pioneered an artificial intelligence (AI) anti-money laundering technology, making it Singapore’s first  bank to apply AI concurrently to two anti-money laundering (AML) risk dimensions – transaction monitoring and name screening. UOB’s new AI anti-money laundering solution helps the Bank cut through large volumes of transactions to pinpoint suspicious activities. The AI solution sieves […]

Bank of America announced the launch of a CashPro self-service tool that allows clients to have real-time visibility into their international payments. CashPro, the SWIFT gpi module brings to life a wealth of cross-border payment data facilitated by the SWIFT network. “Our payments tracking tool populates SWIFT gpi information into a view that can be […]

Synechron announced the acquisition of Attra, an Australia-based technology services and solutions provider. Attra is focused on the banking, finance, and payments industries, and has a global delivery footprint in Australia, New Zealand, North America, Europe, the Middle East, and APAC. It has development centres in Melbourne, Australia; Dubai, UAE; and Bengaluru, Hyderabad, and Pune, India. […]

Chase, Mastercard, Air Canada announce partnership to launch airline’s Aeroplan U.S. credit card. As a part of this partnership, Mastercard will become the exclusive payments network for the new offering in the U.S. The new Aeroplan Credit Card from Chase is expected to launch in late 2021. Aeroplan will also become a transfer partner in […]

Societe Generale Group has announced the acquisition of Reezocar, a French platform specialised in the online sale of used cars to individuals. Reezocar is one of the digital platforms in France supporting private buyers looking for a used vehicle from major European markets, including France. A motorist services platform, Reezocar offers a unique customer experience through […]