Tag Archive: Middle East

BNY Mellon’s Bana Akkad Azhari discusses the Middle East’s transition to a digital future in TXF

In a commentary article for TXF, Bana Akkad Azhari, Head of Relationship Management CIS & MEA, BNY Mellon, explains that fintech is transforming the financial landscape in the Middle East, increasing the potential to significantly enhance existing payments processes and deliver new technological solutions that promote efficiency, transparency, and accessibility. However, continued bank-fintech collaboration and partnerships …

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In Trade Arabia, BNY Mellon’s Bana Akkad Azhari discusses how fintech can drive financial sector growth in the Middle East

  Technological innovation is changing the face of finance. In recent years fintech investment has reached new highs across the North America, Asia, and Europe. Now, fintech is gaining recognition across the Middle East – bringing with it the promise of enhanced efficiency, security and transparency. Moreover, banks in the region are propelling digital developments …

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BNY Mellon’s Bana Akkad Azhari discusses how bank-fintech collaboration is creating opportunities for trade in the Middle East in Cash and Trade

Recent years have heralded a new, dynamic “fintech era”. Global investment in fintech has skyrocketed in recent years, yet, the vast majority of fintech investment originates from other regions, with the Middle East only accountable for 0.1% of the global total in 2016. However, fintech companies are increasingly looking at how new innovations can improve …

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In Banker Middle East, BNY Mellon’s Bana Akkad Azhari considers fintech’s potential to transform the region’s financial landscape

Global fintech investment is soaring, nearly doubling to US$23.3 billion in 2016, from US$12 billion in 2014. Yet, the Middle East currently lays claim to just 0.1 per cent of this. Nevertheless, fuelled by the growing influence of a millennial population and rising expectations for efficiency, transparency and accessibility, fintech initiatives are rapidly gaining purchase …

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News of BNY Mellon realigning its Treasury Services leadership team in EMEA covered by the specialist press

BNY Mellon’s Treasury Services business has realigned its leadership team in Europe, the Middle East and Africa to focus on its different market segments across the region. Daniel Verbruggen and Bana Akkad Azhari have both been promoted to the business leadership team. Verbruggen will continue to be responsible for relationship management in Europe, and Akkad …

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BNY Mellon’s Bana Akkad Azhari discusses fintech in the Middle East

In an article for the American Lebanese Chamber of Commerce, BNY Mellon’s Head of Treasury Services, MEA and CIS, discusses how technology innovation is changing the landscape of finance in the Middle East. Azhari notes that, while the Middle East has been somewhat slower to explore some of these opportunities than other parts of the …

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iGTB’s Middle East Client Advisory Event featured in Cash & Trade Magazine

The latest issue of Cash & Trade Magazine features a full write-up of iGTB’s second annual Middle East Client Advisory Event, held in Dubai in February. Returning to the Park Hyatt Dubai, the forum brought together senior transaction bankers from across the region – including delegates from Jordan, Kuwait, Qatar, the UAE and as far …

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ICC, iGTB and S&P Global on why the Middle East is key for trade finance

In their April/May edition, Trade Finance explores the developments in Middle Eastern trade finance in a special feature on commodities. In the three page spread, we learn from the International Chamber of Commerce (ICC) Banking Commission’s Vincent O’Brien, chair of the Education and Market Intelligence Group, that a perceived increase in risk in the Middle East …

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BNY Mellon and TXF host trade finance focused roundtable in Abu Dhabi

The financial landscape is undergoing a significant period of change, with banks facing heightened levels of regulation, the evolution of new technology capabilities introduced by fintechs, and ever-increasing client expectations. Furthermore, as a region heavily dependent on oil, the Middle East must also navigate low oil prices and subsequent budget deficits. Certainly, these are challenging …

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The Gulf can no longer rely on oil to fund its infrastructure: S&P’s recent findings picked up by the specialist press

With low oil prices showing no signs of rising, Standard & Poor’s Dubai-based Director, Karim Nassif, suggests that the Gulf Corporation Council (GCC) will have to seek innovative forms of financing to foot its ever-growing infrastructure bill. In his new report, Nassif says that while Gulf states have long-relied on high export revenues from oil to …

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