Suvo Sarkar, Special to Gulf News

Articles from the author

UAE’s new payment card Jaywan is a gamechanger

As a national payment program, Jaywan cardholders get cost benefits too

The UAE's Jaywan card project and services is being rolled out across ATMs and merchant outlets.

Supply chain financing is hitting a perfect groove

As volume of assets financed at $2 trillion, banks and fintechs go all in

As digitization becomes norm in trade documentation, supply chain financing possibilities will only scale up.

Bankers need new approach with rich millennials

Hyper-personalised wealth advisory is what works with these clients

Millennials have their ways and means of approaching investment decisions. Wealth managers better cotton on to that fast, because there is some serious wealth involved.

Banking has taken to AI in a big way

In many ways, today’s transition is from ‘predictive AI’ to the Gen AI sort

AI tools have even now been used to give banking clients granular insights into their investments and risks levels associated with those. There will be more uses coming, for sure.

UAE’s buy now pay later growth isn’t stopping

New rules on BNPLs will act as guard rails, not curtail growth

The BNPL consumer financing revolution came up fast and strong in the UAE. That momentum is unlikely to see a slowing down.

Who’s winning the battle of remittances?

‘Remtechs’ are taking the battle to currency houses and banks

Global remittance flows have been getting back into high form after a lackluster 2020. But the dynamics of which service consumers use have changed.

UAE banks get savvier on loan approvals and more

2024 will see tech embed itself deeper into banks' relations with customers

With Gen AI and robo-advisors, the way customers feed into banking services will undergo another round of transformation.

Green finance is not about colour of money

A world of possibilities are there for UAE’s biggest banks to build green credentials

Much headway has been made by UAE mega-banks to offer financing for sustainability-themed projects. There is more on the way.

In UAE, neo-banks are getting visibility - and clients

Neo-banks continue to impress, and now, they need to work towards profitability

It's the sheer ease of its all that neo-banks promise - and deliver - with their services. That explains some of the huge take up rates they are having.

Is your savings account getting higher interest rate?

Even with multiple rate hikes, those on savings accounts tend to lag

Interest on savings bank accounts need to be higher given all the rate hikes of the recent past.

In UAE, banks' branch networks still serve a purpose

There has been reduction in branch numbers, but what banks need to do is repurpose them

What banking needs is a reimaging of what physical branches can provide clients.

Are you paying for someone else's free travel?

Points and air miles won on credit card usage comes at a price, but someone else is paying

Multiple credit card holders are the norm, but how many are actually in a position to pay off the spending?

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