Latest news with #MobileBanking
Web Release
7 days ago
- Business
- Web Release
United Arab Bank partners with Emirates Face Recognition (EFR) to Launch a Seamless and Secure Digital Banking Experience via Its New Mobile App.
United Arab Bank partners with Emirates Face Recognition (EFR) to Launch a Seamless and Secure Digital Banking Experience via Its New Mobile App. United Arab Bank (UAB) has signed a strategic partnership agreement with Emirates Face Recognition (EFR), a leading UAE-based technology provider of cutting-edge facial recognition and digital identity verification solutions. The signing ceremony was attended by Mr. Shirish Bhide, CEO of United Arab Bank; Mr. Emre Yalcin, Head of Retail Banking at United Arab Bank; and Mr. Zack Charkas, CEO of Emirates Face Recognition, Talha Khan, Head of Product at Emirates Face Recognition, along with senior executives from both organizations. This agreement highlights UAB's commitment to providing best-in-class digital banking solutions and aligns with the Central Bank of the UAE's directives to adopt advanced technologies that enhance customer privacy, minimize fraud, and simplify digital services. Moreover, this initiative reflects UAB's continued dedication to innovation, regulatory compliance, and superior customer service. On this occasion, Shirish Bhide, CEO of United Arab Bank, said: 'We are proud to partner with an innovative national company like Emirates Face Recognition, which shares our ambitions to deliver efficient, secure and fast banking solutions while supporting the UAE's transition to a digital-first lifestyle. This agreement represents a significant milestone in our digital transformation roadmap and reaffirms our commitment to innovation and customer-focused security.' Emre Yalcin, Head of Retail Banking at United Arab Bank, commented: 'Our partnership with EFR is a key milestone in delivering our vision of a seamless, secure, and fully integrated digital banking experience through our upcoming Mobile Banking App. By placing advanced biometric technologies at the core of our services, we are reshaping how customers engage with the bank ? offering greater convenience, enhanced security, and peace of mind. This initiative also strengthens our ability to support customers throughout their financial journey, while ensuring full alignment with the highest regulatory and safety standards.' Zack Charkas, CEO of Emirates Face Recognition, added: 'We are pleased to take part in the ambitious digital transformation journey led by United Arab Bank. Together, we are pushing the boundaries of innovation and creating long-term value with a future-forward outlook. At EFR, we are committed to delivering trusted, secure and innovative solutions driven by a passion for excellence.' Talha Khan, Head of Product at Emirates Face Recognition, commented: 'Our partnership with United Arab Bank reflects a shared commitment to purposeful innovation. We've worked closely to deliver a trusted, cutting-edge solution tailored to UAB's goals and client experience. It's been a true collaboration, and we look forward to building on this foundation to drive lasting impact together.' Emirates Face Recognition is one of the UAE's leading national companies in the field of biometric verification and digital identity solutions. EFR serves both government and private sector entities with secure and seamless technologies that enhance service efficiency, reliability, and user trust. This partnership precedes the upcoming launch of UAB's new Mobile Banking App, which will deliver a whole new customer experience, especially in instant account-opening, a wide range of digital services, and automated KYC updates. The new app will empower UAB customers to access services securely and conveniently without the need to visit a branch, offering a seamless, fully digital banking experience that meets the needs of today's always-connected lifestyle.
Zawya
22-05-2025
- Business
- Zawya
Capital Bank wins two prestigious awards: 'Best Mobile Banking App in Jordan' and 'Best Wealth Management Services in Jordan' for 2025
Capital Bank has received two prestigious awards from International Business Magazine for 2025: 'Best Mobile Banking App in Jordan' and 'Best Wealth Management Services in Jordan.' The bank was named Best Mobile Banking App in Jordan for the second year in a row, recognizing its strong commitment to enhancing digital banking channels and delivering an exceptional user experience. It also earned the title of Best Wealth Management Services in Jordan for its outstanding private banking services and dedication to providing clients with personalized, high-quality financial solutions. Winning the mobile banking award two years running underscores Capital Bank's ongoing efforts to innovate and improve its digital services. This achievement reflects the bank's focus on offering user-friendly, cutting-edge banking solutions that meet the evolving needs of customers in a digital-first world. The wealth management award highlights Capital Bank's excellence in serving high-net-worth individuals through customized financial strategies. With trusted advisory services, strategic financial planning, and access to global investment products, the bank delivers tailored wealth management solutions. Its client-focused approach, backed by expert portfolio managers and in-depth market research, ensures personalized strategies that align with each client's financial goals. International Business Magazine is a leading media platform in the finance and business sectors, with over 50,000 subscribers including investors, executives, decision-makers, and government officials. The magazine covers the latest financial news, promotes innovation in the financial industry, and celebrates excellence in banking, finance, investment, and technology. About Capital Bank Group Capital Bank Group is recognized as a leading financial institution in both the Jordanian and regional markets with total assets of JOD 8.2 billion and a total equity of approximately JOD 756.5 million. The Group encompasses Capital Bank of Jordan, which has evolved since its establishment in 1995 into one of Jordan's premier financial institutions. It offers a comprehensive range of commercial and investment banking services, tailored to meet the diverse needs of both retail and corporate clients. In 2005, Capital Bank of Jordan acquired a majority stake (61.85%) in the National Bank of Iraq (NBI). This strategic acquisition enabled NBI to expand its product and service offerings, strengthen its market position, enhance financial inclusion, support export activities, and provide a broad array of services to businesses operating in Iraq. Continuing its expansion strategy, NBI opened its first branch in the Kingdom of Saudi Arabia in 2023, offering financial and trade services to its corporate clients. Capital Investments, a wholly owned subsidiary of Capital Bank established in 2006, has emerged as a regional leader in the investment banking sector. It provides comprehensive services including asset management, brokerage, and corporate financial advisory. The company caters to a diverse base of clientele, including major corporations, government entities, and high-net-worth individuals, through its offices in Jordan and the Dubai International Financial Center (DIFC) in the United Arab Emirates. Pursuing its ambitious growth strategy, Capital Bank Group acquired Bank Audi's operations in Jordan and Iraq in 2021. This was followed by the acquisition of Société Générale Bank in Jordan in 2022, further solidifying its competitive position in the Jordanian banking sector. In early 2022, Capital Bank launched Blink, a digital bank aimed at redefining banking for retail customers. In 2022, Capital Bank strengthened its capital base by issuing a USD 100 million Tier 1 perpetual bond—the first of its kind for a Jordanian bank in the local market, listed on NASDAQ Dubai. Additionally, Capital Bank raised its capital by issuing new shares to the Public Investment Fund (PIF), one of the largest sovereign funds globally, as a strategic investor. With a 23.97% stake, this capital raise enabled the Group to continue executing its expansion strategy and its commitment to continue introducing innovative products and services that benefit both clients and shareholders. Commemorating its commitment to excellence in 2024, customer-centric practices, innovation, and excellence in digital banking services, Capital Bank of Jordan received the 'Best Digital Bank' award in Jordan from Euromoney magazine and the 'Best Mobile Banking App in Jordan' award from International Business Magazine.
Business Standard
21-05-2025
- Business
- Business Standard
Bank of Sydney selects Infosys Finacle Digital Banking Suite on AWS cloud
Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys, and Bank of Sydney (BoS), today announced the bank's decision to select the Infosys Finacle Digital Banking Suite to power its transformation. Through this strategic collaboration, Bank of Sydney aims to deliver a best-in-class staff and customer experience, reduce cost and complexity through automation and digitization, and position itself strongly for future growth. BoS will access the Finacle solutions suite in Software-as-a-Services (SaaS) mode through AWS cloud, including the Finacle Core Banking Solution, Finacle Digital Engagement Hub, Finacle Online Banking, Finacle Mobile Banking, and Finacle Digital Onboarding solutions. Sajit Vijayakumar, Chief Business Officer and Global Head, Infosys Finacle, said, We are thrilled to announce our collaboration with Bank of Sydney, marking a significant milestone in our expanding presence in Australia. This partnership underscores our commitment to providing flexible and affordable modernization solutions to Australian financial institutions. With Infosys Finacle's advanced cloud-native suite on AWS, Bank of Sydney will benefit from a modern, customer-centric digital banking platform, enabling better engagement, innovation, and operation. We look forward to supporting our customers in Australia and helping them thrive in the digital age.
Mid East Info
14-05-2025
- Business
- Mid East Info
Oman Arab Bank Honored for Its Cooperation in Collecting Ministry of Labor Revenues Digitally - Middle East Business News and Information
Muscat: In confirmation of the strong ties and partnership between the government and private sectors, the Ministry of Labor honored Oman Arab Bank for its distinguished efforts in providing advanced digital payment solutions that contributed to facilitating the Ministry's revenue collection processes and enhancing the digital transformation of the government services system. Mr. Mohsen bin Saif Al Ma'amari, the General Director of Administrative and Financial Affairs at the Ministry, handed over the honorary plaque to representatives of Oman Arab Bank, in appreciation of the bank's effective contribution to supporting the Ministry's digital system and providing secure and seamless digital payment solutions for beneficiaries. Mr. Mohsen bin Saif Al Ma'amari stated: 'We value this unique partnership with Oman Arab Bank, which embodies the true integration between the government and private sectors. We have witnessed positive reaction from beneficiaries regarding the ease of use of the digital payment systems provided by the bank, which has contributed to achieving high levels of efficiency and transparency in revenue collection.' Oman Arab Bank is one of the leading banks in providing advanced digital banking solutions that meet the needs of both government and private institutions. The bank recently launched an integrated package of digital commercial banking services specifically designed to support its valued customers from the government and private sectors as well as the Small and Medium Enterprises (SMEs) and enable them to manage their financial operations smoothly and efficiently. These services include: The Corporate Mobile Banking app, which allows customers to manage their accounts and conduct financial transactions, including payments, salaries, and approvals, anytime, anywhere, giving business owners greater flexibility in making decisions and executing them quickly. Host-to-Host payment solutions, which provide a direct and secure connection between corporate systems and the bank's payment system, facilitating daily financial transactions and reducing time, effort, and costs. The global SWIFTNet system, which enables companies to conduct international financial transactions quickly and securely through a reliable platform for transmitting financial messages and instructions. Virtual Account Collection Solutions, which allow organizations to track revenues by project or product by creating dedicated accounts for each payer, enhancing transparency and facilitating cash flow management. Mr. Sulaiman bin Ali Al Hinai, General Manager, Chief Wholesale Banking Officer at Oman Arab Bank, stated: 'Oman Arab Bank stands as a key pillar in the Sultanate's financial landscape, leading the way in empowering both public and private sector institutions through cutting-edge financial solutions and advanced technological support. From the very beginning of the Blessed Renaissance, the bank has played a vital and strategic role in driving this national journey forward. We remain firmly committed to being at the forefront—delivering robust systems and innovative programs that not only enhance operational efficiency but also streamline procedures for all users, citizens and residents alike, in full alignment with Oman Vision 2040.' Oman Arab Bank reaffirms its continued support for digital payment projects across various sectors, working alongside government institutions to enhance financial innovation and provide smart, secure banking solutions.
Mid East Info
06-02-2025
- Business
- Mid East Info
With the Presence of Numerous Companies and Business Owners - Middle East Business News and Information
Oman Arab Bank Gears Up to Launch a New Suite of Commercial Banking Services Muscat, February 5, 2025: As part of its continuous efforts to lead the banking sector, Oman Arab Bank is set to unveil a new suite of banking services tailored for small and medium enterprises, corporate clients, and government entities. These services will include advanced technologies such as the Corporate Mobile Banking App, Host-to-Host, SWIFTNet, and virtual accounts. The launch will take place on February 9 at a special event organised by the bank, which will be attended by many clients from various sectors. Designed with a strong emphasis on security and user-friendliness, the new services will allow clients to effortlessly manage their financial operations at any time and from any location. Corporate clients will gain complete oversight and efficient management of financial transactions. By leveraging cutting-edge technology, these services are expected to significantly reduce businesses' operational efforts, minimize human errors, and accelerate payment and financial settlement processes with unparalleled precision.
