Retail banks will increasingly use AI to help determine credit scores
Artificial intelligence (AI) is anticipated to make a significant impact on the retail banking sector, such as using non-traditional data types to assign credit scores…
Retail Banking
Crédit du Maroc implements new core banking system for Islamic window
Path Solutions has signed Crédit du Maroc as the bank’s single financial software partner for its newly launched participative banking window. Earlier this year, Morocco’s…
Islamic banking weakness in Oman
Oman was a latecomer to the Islamic banking scene and as a result has fewer Islamic banks than its Gulf neighbours but it now seems…
QIIB launches Umnia Bank in Morocco
QIIB has launched Umnia Bank in Morocco, a partnership between QIIB and Crédit Immobilier et Hotelier and Moroccan Deposit and Management Fund. The bank's operational…
Overall effect of IFRS 9 on Gulf banks will be manageable: S&P
The impact of International Financial Reporting Standard 9 ‘Financial Instruments’ on the financial profiles of the rated banks in the GCC will be manageable, according…
Alawwal bank in merger talks with Saudi British Bank
The FT has reported that Alawwal bank, formerly Saudi Hollandi Bank, has begun initial merger talks with Saudi British Bank, part of the HSBC banking…
New range of accounts from Khaleeji Commercial Bank
Khaleeji Commercial Bank has launched a range of products including the “I’teman” account, the “Easy36” credit card and the “Thabet” account. The “I’teman” account is…
Bankruptcy law may benefit UAE bank SME lending
A new bankruptcy law, issued in the UAE on October 24 could encourage banks to increase lending to SMEs because it sets out a framework…
M & A
GCC Bank M&A still rare despite tougher environment Merger and acquisition (M&A) activity among the Gulf Cooperation Council (GCC) banks is still unusual, despite…