Tagged: sael al waary

MENA Region: Bank ABC, Temenos, NdcTech to Implement Core Banking System

Bank ABC, which claims to be one of MENA’s major international banks, has signed agreements with Temenos and NdcTech in order “to replace its core banking systems for its retail, corporate and wholesale businesses and power its subsidiary, ila Bank, the MENA region’s fast-growing digital… Read More

Arab Financial Services to Acquire $98M in Capital to Support its Strategic Expansion Efforts

Virtual payments solution provider Arab Financial Services says that it intends to acquire $98 million in capital in order to support its revenue growth and strategic expansion efforts. Shareholders of the company have reportedly approved plans to increase the firm’s authorized share capital to $150… Read More

Bahrain’s Digital, Mobile-Only Ila Bank Appoints Mohamed Al Maraj as New Chief Executive

Ila, a Bahrain-based digital, mobile-only banking entity, has confirmed that it has appointed Mohamed Al Maraj as the company’s new chief executive. Established in November 2019 as a wholly-owned retail subsidiary of Bank ABC (the Arab Banking Corporation), a global bank with headquarters in the… Read More

Arab Financial Services to Host First Annual Middle East & Africa Fintech Forum

Payment processing company Arab Financial Services is set to host the first annual Middle East and Africa Fintech Forum. This year’s theme is “Fintech Disruption in the Financial Industry.” According to Trade Arabia, the event is being sponsored by Bank ABC and Bahrain Economic Development Board (EDB)…. Read More

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