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Economy, Video

Tesla sales tumble in Europe in Q1

The company suffered from boycotts against the policies of Elon Musk.

Ford’s US Q1 auto sales dip

But its Q1 figures exceed a forecast by Edmunds

Vanke reports annual loss of $6.8 bn

The property giant attributes loss to falling sales and shrinking profit.

Goldwind 2024 revenue up 12.5%

The clean energy giant posted $7.8bn in revenue for 2024.

Emaar to pay $2.39bn dividend

The company had posted $19bn in property sales for 2024.

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.

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