In the past year, banks have adopted innovative technologies such as APIs, AI tools and mobile solutions to improve efficiency, customer service and risk management. Global Finance announces 2025 innovators in the Middle East.
Regional winners
Most innovative bank in the Middle East | Arab bank
Acabs, the internal development plant of the Arab bank, allowed the bank to launch an updated version of its Reflect banking application in 2024. REFLECT in short, founded News, including sub-cuts with several titles for deposits, savings and payments. Customers can also use salary transfer and instant transfer features with these currencies. Arabi Shopix, another acabs product, is an electronic commercial website creation service.
Acabs has rendered the Oomnify, the integrated and open bank financing platform from the Arab bank, towards its official launch, leading to the signature and / or to live with third-party suppliers. Omnify has solidified its position as the first one -stop shop in the region for integrated finance and the open bank, preparing for the next era of the bank as a service. Partnerships with key innovators like Moxey and Menaitech have improved the platform and allow partners to quickly develop personalized financial solutions.
The most innovative financial technology company in the Middle East | Geidea
The first payment provider in the Middle East and North Africa region to provide the integration of instant merchants, Geidea allows companies to start accepting payments in a few minutes, thanks to substantial investments in automation, AI and digital verification.
Geidea’s instantaneous integration solution is particularly significant due to the rapid growth in the adoption of digital payment in the region and the growing number of micro-training in the formal economy. By facilitating rapid integration for companies of all sizes, Geidea takes care of evolutionary growth.
In addition, Geidea has established a new reference for innovation by becoming the first fintech in the region to develop and launch its own owner point of sale terminal. This establishes a new standard for flexibility, safety and technological integration in payments. By eliminating dependence on third -party equipment manufacturers, Geidea has disrupted traditional payment solutions and introduced a model that allows companies unprecedented control and personalization.
Innovations in finance in the world from the Middle East
Cash management forecasts in the ATMS project | Banking muscat
Oman Muscat’s Bank has become the first bank in the Middle East to take advantage of AI and automatic learning for predictive analysis of species management, creating an efficient and non-manual atm forecasting and replenishment process. By analyzing historical data for cash withdrawals and deposits as well as external factors such as seasonality and local events, the new forecasting system provides optimal cash levels to automatic ticket distributors, solving the problem of cash, which can be discomfort for customers and minimizing the idle in GAB, which is not ideal for the bank.
Musaed – Raising conversational banking services | Boubyenne bank
Boubyan Bank’s chatbot, Musaed – “Helper” in Arabic – has undergone a series of recent improvements. One, Boubyan Playback, provides customers with a personalized “journal year” of their interactions with the bank, encouraging a high customer commitment. In addition, Boubyan became the first bank in Kuwait to offer recruitment aid fueled by AI through the Musaed job interview service. During the Boubyan internal employment fair, Musaed rationalized the interview and hiring process by facilitating more than 1,000 CV submissions and helping HR to identify potential candidates effectively.
Reconciliation platform fed by AI | Saudi bank Fransi
In February, BSF joined forces with Deben, a Saudi Saudi platform which automates the management of cash flows and generates instant reports for financial managers, in order to launch an innovative reconciliation platform fueled by AI. As the first of its kind in the kingdom and the region, the platform uses AI to provide intelligent reconciliation, forecasts, anomalies and real-time financial information. Companies can personalize the categorization of transactions to meet their specific needs and automation rationalization processes for increased efficiency, cost savings and improved user experience.
Suite Api Fabeaccess Electronic Direct Debit (EDDS) | First Abu Dhabi Bank (Fab)
Fab’s API Edds suite transforms the way companies manage their debts. The solution offers real -time, secure and automated collection processes while guaranteeing regulatory compliance. EDDS API Suite rationalizes the collections for invoices and improves the convenience of payers thanks to functionalities such as mandate registration, cancellation, collection requests, real-time status updates and pre-color reports. By eliminating manual processes and reducing administrative costs, companies obtain end -to -end visibility on their receivables. As a first direct electronic flow solution led by API to the United Arab Emirates, the EDDS API provides scalability, transparent integration with ERP systems and a client -centered approach.
Pulse mobile application | Mashreq
Pulse Mobile, a pioneering application of corporate banks in the Middle East, provides managers with complete and 360-degree view of customer information. The innovative tool allows instant access to customer critical data, transactions approvals and call reports, directly from mobile devices. In addition, the functionality of application information alerts guarantees that relationship managers remain informed of key industry events, allowing them to proactively manage their portfolios and respond to market changes in real time.
QIC application | Qatar Insurance Co.
The QIC application is the first full mobile platform in Qatar, offering a range of services adapted to motorists and vehicle owners on a configured platform to rationalize their daily routines and improve road safety. By integrating auxiliary insurance and non-assurance offers, the QIC application addresses a critical problem: disjoint and prolonged procedures associated with the supervision of various automotive requirements. At the same time, the QIC READS works as the exclusive digital standard of Qatar dedicated to insurance training, aimed at promoting a robust culture of insurance awareness and simplifying the understanding of daily insurance needs in Qatar.
Fawran Corporate | Islamic bank of Qatar
The first Sharia law of Qatar, in accordance with Sharia law, was launched last November. The service authorizes instant transactions, including payroll, supplier payments and intersocated transfers, improving liquidity and rationalization operations. Membership of the principles of Sharia law promotes confidence and expands the scope of service in the Islamic finance sector. Fawran Corporate marks an important step in the financial development of Qatar, promoting innovation, efficiency and inclusiveness.
RAK Télémetrie (Dashboard in real time) | Rakbank
RAK TELEMETRIE, a revolutionary suite of 32 real-time dashboards in real time and real-time, offers a centralized platform to follow and monitor essential commercial processes, integrating key data and measures to provide a complete overview of integration paths, service requests, transactions and computer tickets. By eliminating the need for multiple and disjointed monitoring systems and correlation of manual data, RAK Telemetry rationalizes operations, improves decision -making and increases overall efficiency. Companies can take advantage of the tool to obtain valuable information on customer behavior, market trends and operational performance, allowing them to quickly meet changing conditions and optimize their strategies.