Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Economy, Video

Multiply Group buys stake in ISEM

Multiply Group will hold 60.8% of ISEM.

Bosch to cut 13,000 jobs

This is a blow to Germany's ailing car sector.

Aldar ups stake in Aldar Estates

Acquires Modon Holding’s 17.45% stake

Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

Ways of digital banking in Middle East

More than 465 fintech companies are reportedly operating in the Middle East.
By TRENDS Desk
August 7, 2022 2:32 pm
  • Banking that is done through the digital platform without any paperwork is referred to as digital banking.
  • Increased efficiency, cost reduction and increased accuracy are some of the advantages of digital banking.

Banking that is done through the digital platform without any paperwork is referred to as digital banking. Simply put, digital banking means the availability of banking services online.

It involves the automation of traditional banking services and substitutes the bank’s physical presence with an everlasting online presence, eliminating a consumer’s need to visit a branch.

Increased efficiency, cost reduction and increased accuracy are some of its advantages. Digital banking is picking up in the Middle East, although it lags behind the western nations.

TRENDS takes a look at the types of digital banks in the Middle East.

[adinserter block="5"]

Most Read

UAE’s working mothers get extended maternity leave

The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.

Getting vaccinated is ‘the most patriotic thing’ to do

The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…

Saudi Arabia to generate $150 billion in investments from its new transport policy

The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…

GCC healthcare: Transforming the region and impacting the world

PwC forecasts that AI could contribute US$320 billion to Middle Eastern economies by 2030, with healthcare predicted to see some of the largest gains relative to its current size

New-Age Growth Comes Home to the GCC

The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading role in the 4IR.

[adinserter block="4"]