Intellect Global Transaction Banking | iGTB’s Post

🚀 Driving new horizons of innovation at Seamless Middle East & Saudi Arabia 2024! Here are some highlights from our participation in the Seamless Middle East & Saudi Arabia event 2024! 🎥 Our team is having an incredible time networking and building valuable connections, all while actively identifying key challenges and opportunities for digital banking solutions in the Middle East region. 🤝 #Dubai #Seamless #MiddleEast2024 #finance #digitalbanking #digitalsolutions

🌟Exciting Market Insights from the Latest CIO Weekly Report!🌟 The past week brought volatility with a slightly positive trend and notable currency movements. US exceptionalism shines through flash PMIs, contrasting Europe and Japan's performance. 🚀 Key Dates to Watch: - 🗓️ US Presidential Debate: This Friday - 📊 May Core PCE Inflation Release Stay informed and ahead of the market curve with these crucial updates. Dive into the full report for more details! PREPARING FOR A HOT SUMMER AHEAD June 24th, 2024 - Volatile yet positive week, with significant currency moves. - Flash PMIs show US exceptionalism; Europe and Japan disappoint. - Key upcoming events: US Presidential debate and May core PCE inflation release. Find out more in the [CIO Weekly Report](https://lnkd.in/d3QpfSdJ).

We're thrilled to share that Nick Morrison, Managing Director of Eventi Consulting Ltd, will be participating in a distinguished panel discussion at the upcoming Saudi Capital Market Forum 2024 (#SCMF24)! Join us for the insightful session titled "Banking Beyond Borders: The Future of Digital Finance in Saudi Arabia," where Nick will share his expertise and insights on navigating the evolving landscape of digital finance in the Kingdom. As an esteemed thought leader in the financial market data space, Nick is uniquely positioned to provide valuable perspectives on the opportunities and challenges of embracing digital innovation in Saudi Arabia's banking sector. Don't miss this opportunity to gain actionable insights and engage in thought-provoking discussions with Nick and other industry experts. Stay tuned for updates and highlights from the panel discussion on our LinkedIn page. Let's connect, collaborate, and shape the future of digital finance together at SCMF24! #EventiConsulting #SCMF24 #DigitalFinance #BankingBeyondBorders #SaudiArabia #Vision2030 #CapitalMarkets #CapitalMarketsData #FinancialData #MarketData #FinancialInnovation #ThoughtLeadership 🌐💼

KSA Financial Industry Leaders in GTB and Digital meet together discussing next week - Convergence of Cash and Trade/Supply Chain Finance , Key Trends driving Digitisation aligning to robust KSA Vision 2030 including evolving AI adoption along with few more interesting insights to share.

I am delighted to share the outstanding #FinancialResults for 2023 for Dubai Islamic Bank. This year has been marked by remarkable growth and unprecedented financial stability. Our achievements reflect significant advancements in Islamic banking, spanning various sectors. In this exceptional year, we have witnessed rapid financial growth: Group Net Profit: We have achieved another impressive milestone with a total income increase of 26% YoY, reaching AED 7 billion. Balance Sheet: Demonstrating robust health, our balance sheet expanded by 9% YoY to AED 314 billion, indicating solid financial growth and stability. Net Financing and Sukuk Investments: We have achieved impressive growth in net financing and sukuk investments, reaching a staggering AED 268 billion, a 12% YoY increase. This underscores our strong performance in these key areas. Total Income: Our total income recorded a substantial surge, growing from AED 14 billion to AED 20 billion. This 43% YoY increase demonstrates our dynamic revenue generation capabilities. Cost to Income Ratio: Maintaining operational efficiency, our cost to income ratio stands at 27.1%, effectively staying below guidance. Liquidity: Our liquidity remains healthy, with the Liquidity Coverage Ratio (LCR) at 188.7%, ensuring strong financial resilience. Returns: Our Return on Assets (ROA) improved to 2.3% (+30 bps YoY), and our Return on Tangible Equity (ROTE) reached 20% (+300 bps YoY), driven by efficient asset utilization and strong equity returns. These results narrate our journey through the dynamic world of #IslamicBanking, reflecting our commitment to excellence and a strong, customer-centric approach. Watch our story unfold in numbers and discover what makes this year a landmark in our history. http://www.dib.ae/FY2023 #DIB #ReadyForTheNew #FinancialPerformance

Saudi Arabia's Open Banking Evolution Led by #SAMA and #Fintech Leaders #OpenBanking is revolutionizing the financial ecosystem in Saudi Arabia. Abdulla Al-Moayed, CEO of #Tarabut, lauds SAMA's progressive approach, which began in May 2022. This technology promises to improve financial services accessibility and spur innovation through standardized APIs. For more information, visit Saudi Business News. Link in bio. #SaudiBusiness #SaudiNews #Vision2030 #SaudiArabia #FinancialTechnology #Banking #APIs #DigitalEconomy #Innovation #Fintech #SAMA #Tarabut #MoneyHash #FinancialInclusion #DataSecurity

Seamless Middle East 2024 is just around the corner ⏳ Adria business & Technology is committed to establishing its presence in the Middle East by participating in Seamless Middle East 2024.  Seamless Middle East & Saudi Arabia   📅 Get Ready as we prepare to engage in discussions with industry stakeholders about the ongoing digital transformation in the finance and banking sectors. #Dubai #Seamless #MiddleEast2024 #finance #digitalbanking #digitalsolutions

We are very excited to welcome DP World Trade Finance as our newest #member joining our #consortium of 13 UAE #banks. This momentous #collaboration marks a significant #milestone as DP World Trade Finance becomes the first non-banking #financial #institution to join the #UTC consortium. Sinan Ozcan, Senior Executive Officer of DP World Trade Finance, said, “If we are to address the trade finance gap truly, we need organisations to work together to build transparency and security into financial processes.” Zul Javaid, CEO of UTC, said, “DP World Trade Finance’s addition to the UTC consortium is a step in recognising that the country’s lending ecosystem is diversifying, with emerging fintech companies and alternate lenders entering the space.” Javaid said that lenders using UTC’s platform have already presented over Dh170 billion worth of invoices for validation and analysis. Click on the link below 👇 to read more on this #partnership 🤝 UAE Trade Connect - Built by the Banks, For the Banks UAE Banks Federation Al Masraf ADIB - Abu Dhabi Islamic Bank Abu Dhabi Commercial Bank  Commercial Bank International  Commercial Bank of Dubai Dubai Islamic Bank Emirates NBD  First Abu Dhabi Bank (FAB)  Mashreq Corporate & Investment Banking Group  Invest Bank National Bank of Fujairah RAKBANK United Arab Bank   #Fintechnews #UAETradeConnect #Digitisation #Interoperability #Artificialintelligence #Machinelearning #Blockchaintechnology #Globaltrade #Hyperledger #Cocreation #Powerofnetwork #Innovation #supplychainfinance #TradeFinance #FinancialInnovation #Collaboration #PartnershipAnnouncement #InnovationInFinance #StrategicCollaboration #FinanceIndustry #FinancialLeadership #FCI #ITFA #ICC #GTR #DPWorld #UAEbanks https://lnkd.in/dBW8SRtD

Thrilled to announce the addition of DP World Trade Finance to our #banking family! This groundbreaking collaboration marks a major milestone as DP World Trade Finance becomes the first non-banking financial institution to join the UAE Trade Connect, an e& enterprise company connect consortium. Here’s to another impactful #partnership ! Read the full article below 👇 #DPWorldTradeFinance #UTCConsortium #TradeFinanceInnovation #FinancialCollaboration #UAETradeConnect #eAndenterpris #FintechNews

looking forward to meeting you in ICT from 19th to 22th November #ict #digitalsolutions #technologytrends #technologydriven