In a significant move to consolidate its position as a leader in the Islamic banking sector, Meethaq Islamic Bank has taken a definitive leap towards the future of finance. Meethaq, an eminent extension of Bank Muscat, has not just adopted a new banking system; it has embraced a digital revolution
In an era where innovation is currency, the financial sector is not left behind. The news is abuzz with one such stride in the banking industry — the integration of Mbanq into the Banking-as-a-Service (BaaS) Association. This move represents more than just an addition to a list of names; it's a
In a significant security incident, Santander Bank fell victim to a hefty cyberattack conducted by the notorious hacking group ShinyHunters. This event unfolded in May, coinciding with another targeted attack on Ticketmaster. Millions of customers and employees of Santander Bank were affected as
The onset of the digital age has significantly altered the landscape of consumer banking, with a seismic shift in customer expectations toward a digital-first approach. No longer confined to the four walls of a brick-and-mortar bank, financial interactions are increasingly conducted through a
The financial technology sector is witnessing a pivotal transformation with the announcement of the acquisition of Irish digital banking company CR2 by Hightech Payment Systems (HPS), the Moroccan leader in payment software solutions. CR2, which surged into the spotlight during FinovateFall 2014 in
The financial industry has been undergoing a profound and accelerated transformation driven by the innovation engine of financial technology, or fintech. This amalgamation of finance and cutting-edge tech is streamlining services, expanding access, and offering unprecedented convenience to
