Technology

Artificial intelligence (AI) insurance solutions are growing worldwide, driving phenomenal expansion and efficiency in business processes and customer service. By 2025, usage of AI in insurance had become a standard feature across much of the sector, reshaping underwriting, claims,...

Malaysia has stepped into a new age of financial services with the opening of Ryt Bank, the world's first AI powered bank built by Malaysia for Malaysians, officially recognized.  The effort is led by YTL Group and Sea Limited and...

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,...