Banking

ADIA to Invest Half a Billion in Indian Bailout Fund

London Stock Exchange Leads $20 Million Bet On Blockchain To Cut Out Custody

Standard Chartered Secures Banking License To Open Units In Saudi

Goldman Sachs Joins HSBC For $20 Million Bet On Bud’s AI-Powered Bank Accounts

ADCB, UNB and Al Hilal Bank Merger To Create The Fifth Largest Bank In The GCC

Saudi Arabia And The UAE Launch Joint Digital Currency Project—Aber

A Case Study In Disruptive Innovation That Won’t Break The Bank

Existing Institutions Fight Fintech With Innovation

Banking Now

7 months ago

ADIA to Invest Half a Billion in Indian Bailout Fund

The fund is being anchored by a US$500 million commitment from ADIA. It will target pre-stress and distressed opportunities, with a focus on providing financial support to pre-stress businesses.
By Jason Lasardo 6 min read
7 months ago

London Stock Exchange Leads $20 Million Bet On Blockchain To Cut Out Custody Middlemen

Nivaura's large seed funding round is being led by the London Stock Exchange, the sixth-largest exchange in the world by volume, and stands to change the way investors and companies connect.
7 months ago

Standard Chartered Secures Banking License To Open Units In Saudi

The UK-headquartered bank was reported to be in talks with Saudi Arabia's authorities since 2017 for a full license.
By Mary Sophia 3 min read
8 months ago

Goldman Sachs Joins HSBC For $20 Million Bet On Bud’s AI-Powered Bank Accounts

Some of the world’s biggest banks yesterday joined forces to invest in a London-based startup determined to change our relationship with money.
By Oliver Smith 3 min read
8 months ago

ADCB, UNB and Al Hilal Bank Merger To Create The Fifth Largest Bank In The GCC With Assets of $114 Billion

ADCB and UNB will merge and together acquire Al Hilal Bank for nearly $272 million. The deal is expected to close within the first half of 2019.
By Amany Zaher 6 min read
8 months ago

Saudi Arabia And The UAE Launch Joint Digital Currency Project—Aber

SAMA and UAECB agreed that concentration in the initial stages will be on technical aspects, and use of the currency will be restricted to a limited number of banks in each state.
By Amany Zaher 3 min read
8 months ago

A Case Study In Disruptive Innovation That Won’t Break The Bank

Last year, Saudi Arabia’s Alawwal Bank launched a branch that was the first of its kind in the region, and the world. Businesses in all sectors can learn lessons from it.
8 months ago

Existing Institutions Fight Fintech With Innovation

Oliver Wyman’s State of Financial Services Report, launched at the World Economic Forum Annual Global Meeting, describes an emerging "greenfield" approach.
By Amany Zaher 5 min read