Technology

Artificial Intelligence (AI) is being increasingly adopted in the UAE finance sector. Sector leaders are focusing on high-impact, targeted AI solutions for accounting, treasury, financial planning, taxation, and risk management. According to KPMG study, 49% of finance teams in the...

Standard Chartered and Ant International have entered into a collaboration to roll out an AI-powered Treasury and FX management solution that integrates Ant International’s Falcon Time-Series Transformer (TST) Model with Standard Chartered’s Aggregated Liquidity Engine (SCALE). Both Standard Chartered and...

UBS, the largest wealth manager in the world, has confirmed it is expanding its partnership with enterprise AI platform provider Domino Data Lab. The move underscores the bank's goal to ramp up artificial intelligence across its operations while giving equal...

European Union (EU) policymakers are accelerating efforts to advance the adoption of the digital euro across eurozone, according to reports, following the recent passage of a US stablecoin law that heightened concerns about the competitiveness of European digital currency. Earlier,...

QNB achieved another major milestone as it became the first bank in the GCC to enable Digital Wallet acceptance through a single, unified integration on the Mastercard Gateway Hosted Checkout platform. The solution utilizes Mastercard Gateway's new Hosted Checkout functionality,...

Cognizant announced a five-year strategic engagement with Temenos, a leading global banking technology provider, to develop and market the Temenos Country Model Bank in Australia. The Temenos Country Model Bank extends Temenos’ core banking platform, offering financial institutions pre-configured,...

Japan’s Mitsubishi UFJ Financial Group and JPMorgan Chase are reportedly in advanced discussions to underwrite a $22 billion loan for a major Texas data center project, signaling the heightened interest of financial institutions in the expanding digital infrastructure sector. The...