While the GCC region remains a technologically sophisticated BFSI market, many financial institutions are still missing out on the digital innovations that are radically changing business models and redefining customer experiences. Digital-only banking is a new wave that is expected to change the way the banking industry works, with concepts such as card-less payments, blockchain…
Oracle Hospitality (an exhibitor at HITEC Dubai) has released a new report entitled Hotel 2025. The report identifies consumer attitudes to new technologies and how their implementation will shape consumer behaviour in the years to come. Insights from the report highlight that consumers are most willing to engage brands with new technology if they feel that…
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates, and Ruler of Dubai, has launched the “Dubai Cyber Security Strategy” that aims to strengthen Dubai’s position as a world leader in innovation, safety and security. His Highness called for unifying the efforts of public and private…
Dubai Financial Services Authority has recently announced the launch of its Innovation Testing Licence (ITL). The ITL will ease regulatory requirements for firms that provide financial technology services in the region, allowing qualifying firms to develop and test innovative concepts from within the Dubai International Financial Centre (DIFC). Firms under the new licence will not…
Oracle Hospitality will be at HITEC DUBAI on November 14-15, 2017. The company has published a report on what customers REALLY want from hotel loyalty programs. Insights from the report will help hotel operators and hotel owners: Better understand how consumers want to be rewarded What to avoid when creating a loyalty program How to tailor loyalty…
Oracle Hospitality, an exhibitor at HITEC Dubai 2017, recently concluded a research study asking guests about ways to improve their hotel experiences. Insights from the report will help hoteliers and hotel owners: Identify key areas to invest in technology to enhance your guest’s experience Better utilise personal interactions between guests and staff to positively impact…
Innovations in financial technology (FinTech) are rapidly disrupting business models across the finance sector. Financial institutions need to adopt these technologies in order to remain competitive, improve efficiency and increase profitability. In an attempt to identify these essential technologies, Naseba’s analysts reached out to over 100 Chief Technology Officers, Chief Information Officers and IT Directors…
Hospitality Industry Technology Exposition and Conference (HITEC®), the world’s largest and oldest hospitality technology show in North America, successfully concluded its first European counterpart, the inaugural HITEC Amsterdam, from March 28-30, 2017. Produced by Hospitality Financial Technology Professionals (HFTP®), the show brought together more than 1,100 industry professionals from around Europe to learn and explore…
With the 600+ pre-registered attendees for next week’s inaugural HITEC Amsterdam, Hospitality Financial and Technology Professionals (HFTP®) is interpreting the strong interest as a sign of vitality for the hospitality industry and its stakeholders. In 2017, HFTP expanded its stakes in its 45-year Hospitality Industry Technology Exposition and Conference (HITEC), by adding two boutique events…
Emirates NBD is among the many banks that are flocking to blockchain technology. The bank recently announced that it will be working with ICICI Bank, India’s largest private sector bank by consolidated assets with total assets of over 139 billion USD and a presence in 17 countries. ICICI is also the first Indian bank to…