Xiao-I Corporation partners with major Chinese Bank to revolutionize knowledge management

Xiao-I Corporation Partners with Leading Bank to Revolutionize Knowledge Management with Advanced AI Technology

Xiao-I Corporation (“Xiao-I” or the “Company”), a leading AI company announced an important partnership with a major Chinese banking institution to enhance its knowledge management. This partnership is expected to revolutionize knowledge management, streamlining the access and management of business-related information across the organization. As the banking business rapidly evolves, the challenge of managing and […]

Egyptian banks driving the country’s new financial system

Continent-of-Africa-Image-by-Freepik

The latest reports in 2023 indicate that the Egyptian banking sector is the second largest one in Africa after South Africa. Egypt’s GDP in 2021 was approximately USD 403 billion and secured the third spot after South Africa and Nigeria. The World Bank has recognised the stability and tenacity of the Egyptian banking industry, which […]

Silvergate Capital Corporation intents to wind down operations, liquidates Silvergate Bank

Silvergate Capital Corporation, the holding company for Silvergate Bank, recently announced its intent to wind down operations and voluntarily liquidate the Bank in an orderly manner and in accordance with applicable regulatory processes. In light of recent industry and regulatory developments, Silvergate believes that an orderly wind down of Bank operations and a voluntary liquidation […]

American Express Saudi Arabia signs partnership with Bank AlJazira for ATM network

American Express Saudi Arabia, and Bank AlJazira has successfully signed a new partnership agreement to provide American Express Cardmembers access to over +600 ATMs across the Kingdom. The agreement supports American Express Saudi Arabia’s commitment towards expanding the number of locations in which its Cardmembers can access its services. By allowing the access to ATM […]

CBUAE introduces its FIT Program

In line with the vision of H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Presidential Court, and Chairman of the Central Bank of the UAE’s (CBUAE) Board of Directors, the CBUAE today launched its Financial Infrastructure Transformation Programme (FIT programme) to accelerate the digital transformation in the financial services […]

ABK forecasts a 19% increase in net profit in 2022

Al Ahli Bank of Kuwait (ABK) reported a net profit of KD 32.3 million in the financial year 2022. The increase in the net profit compared to the same period in 2021 was 19 percent. Net operating profit rose by 10 percent to a total KD 90.1 million, and earnings per share were 14 fils, […]

Fujitsu collaborates with Mizuho Bank for sustainable management information services

Fujitsu Limited and Mizuho Bank, Ltd. today announced a collaboration focused on the development of services for corporate customers to manage ESG and SDG related data including greenhouse gas emissions. The joint effort will combine Mizuho Bank’s customer networks and knowledge of environmental and energy solutions with Fujitsu’s cloud services for visualizing CO2 emissions across […]

National Bank of Fujairah collaborates with HongQI Motors for electric vehicles

National Bank of Fujairah PJSC (NBF) has partnered with One Road Automotive (Exclusive UAE Distributors – HongQI Motors, luxury Chinese car brand), to support the expansion of its new energy vehicle fleet in the UAE. The partnership is in line with NBF’s ongoing commitment to the growth of the green economy and will make it […]