Author: DEROBS

The Central Bank of Bahrain (CBB) has announced a significant shift in its digital strategy, pledging to increase its technology investment threefold over the next three years. This initiative is designed to support the development of Bahrain into the leading banking hub for the region.

The investment plan, which spans a 36-month period, reflects the institution's commitment to prioritizing technology-led growth. By tripling its allocated budget, the CBB aims to bolster the necessary infrastructure to strengthen its position within the competitive regional financial landscape.

Source: Finextra
Original article: https://www.finextra.com/newsarticle/48570/bahrain-central-bank-to-treble-tech-budget?utm_medium=rssfinextra&utm_source=finextrafeed

The German challenger bank N26 has officially appointed Marc Hess as its new chief financial officer. In addition to his role as CFO, Hess will also serve as a managing director for the company. N26 characterized Hess as an industry veteran.

Source: Finextra
Original article: https://www.finextra.com/newsarticle/48571/n26-appoints-chief-financial-officer?utm_medium=rssfinextra&utm_source=finextrafeed

As organizations navigate the evolving landscape of the digital economy, the focus of artificial intelligence implementation is shifting. Experts suggest that long-term success requires moving beyond initial AI adoption, placing greater emphasis on defining strategy through practical execution.

Source: Finextra
Original article: https://www.finextra.com/blogposting/33128/thinking-beyond-adoption-why-ai-strategy-must-be-defined-by-execution?utm_medium=rssfinextra&utm_source=finextrafeed