AI and Banking in the UAE

The Future of Banking in the UAE: Trends Shaping Business Finance With new developments like fintech, blockchain, and digital transformation changing the financial environment, the UAE is leading the way in banking innovation. To remain competitive, business owners, entrepreneurs, and financial consultants in Dubai and around the United Arab Emirates have to understand these changes. With a focus on developments and their effects on company finance, this article examines the future of banking in the United Arab Emirates. 1. The Rise of Fintech in UAE Banking The way businesses and banks interact is being changed by fintech or financial technology. Fintech companies are improving client experience and efficiency through automated investing platforms and digital payment systems. Key Statistics: ● According to the Dubai Fintech Report 2023, the UAE fintech sector is expected to expand at a compound annual growth rate (CAGR) of 23% between 2021 an...