CBUAE encouraging banks to embrace digital transformation: S&P report

CBUAE encouraging banks to embrace digital transformation: S&P report

ABU DHABI/ WAM International credit rating agency Standard & Poor’s (S&P) praised the ongoing development of the UAE’s banking services sector. The coexistence of traditional and Neobanks has become more likely, with each catering to specific customer segments and offering unique advantages, the company said. In its recent report titled “Future of Banking”, S&P predicted ...