Strategic Partnership | Cubic Information Systems × Tamkeen Technologies
Accelerating Saudi Arabia’s BFSI Digital Transformation Cubic is proud to announce the signing of a strategic partnership agreement with Tamkeen Technologies, a recognized leader in enterprise and government digital transformation in the Kingdom of Saudi Arabia. This collaboration reflects a shared ambition: to support the goals of Saudi Vision 2030 by co-developing scalable, secure, and […]
Digital Banking Is Surging. But Can Your Infrastructure Keep Up?
Digital transformation in banking is no longer optional—it’s the new baseline. But while most banks have embarked on digital journeys, few have built the infrastructure needed to scale them. According to a recent BCG study, only 30% of banks globally have the backend systems required to support real-time, scalable digital services. The rest are still […]
Compliance Without the Bottlenecks: How OCR is Reinventing RegTech for Banks
In today’s risk-heavy landscape, compliance isn’t negotiable—but it doesn’t have to be a burden either. Across MENA and Africa, banks face rising regulatory demands—from real-time KYC to cross-border AML checks. Yet manual document processing remains the norm, slowing operations and increasing risk exposure. A PwC Middle East survey (2024) shows that 58% of FSIs cite […]
Breaking the Funding – Tech Upgrade Deadlock in Fintech
The fintech landscape in MENA and Africa is rapidly expanding—but many platforms face a critical challenge: limited capital for technology upgrades. While innovation accelerates across the region, infrastructure often lags behind. According to CB Insights (2024), global fintech funding dropped by 48% in 2023, with early-stage companies bearing the brunt of the slowdown. In MENA, […]
Compliance Costs Are Choking Small Financial Institutions — Here’s What the Data Says
For small and mid-sized banks in MENA and Africa, regulatory compliance has become one of the largest recurring costs. But few institutions have the systems—or scale—to manage it efficiently. The Hard Numbers Behind Regulatory Pressure The global cost of financial crime compliance in 2023 was $206 billion, with EMEA alone accounting for $50 billion. (LexisNexis […]
MENA Banks Are Missing the Mark on Digital ROI—Here’s How to Fix It
Banks globally are spending billions on digital transformation, yet many fail to see meaningful returns. In 2023, global enterprises spent $1.3 trillion on digital transformation—and a staggering $900 billion of that delivered no sustained value. (Source: Harvard Business Review) In Africa and MENA, the situation is equally pressing. Fewer than 30% of banks in the […]
The Future of Embedded Finance: What It Means for Global Expansion from the GCC
For startups and legacy institutions in the GCC, embedded finance is more than a tech trend—it’s a gateway to international growth. As MENA-based platforms scale, the ability to offer financial tools where the customer already is will determine who grows and who fades. Embedded Finance = Borderless Opportunity Global embedded lending is projected to […]
Why Outdated Onboarding is a Global Risk for Wealth Firms
Across the world, wealth is becoming more digital, mobile, and fast-moving — but client onboarding hasn’t caught up. The Global Disconnect The average onboarding time in AWM is still 26 days (Deloitte, 2023) Yet 63% of global HNWIs say they expect onboarding to take less than one week (Capgemini WWR, 2024) 53% of clients […]
Why SMBs in BFSI Are Struggling to Compete for Tech Talent
In today’s digital-first financial landscape, the biggest threat to small and mid-sized financial institutions isn’t just cybercrime or regulation—it’s a shrinking pool of tech talent. The Numbers Don’t Lie The global talent shortage is expected to reach 85 million people by 2030, costing the global economy $8.5 trillion annually (Korn Ferry). 66% of SMBs say […]
Bridging the Digital Talent Gap in BFSI: A Strategic Imperative
The digital revolution in banking isn’t just about adopting the latest technologies—it’s about having the right people to power them. For the BFSI sector, especially in fast-transforming regions like MENA and Africa, the digital talent gap is no longer a future risk—it’s a present threat. The Reality Behind the Talent Shortage The data paints […]