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Keywords: Banks


AI Adoption Drives 30% Efficiency Gain in Morocco's Banking Sector

A groundbreaking study of Morocco's three largest banks reveals substantial performance improvements following artificial intelligence implementation, with operational processing times reduced by 30% across urban and rural branches. The comprehensive research, conducted by Mohammed V University......

Gold's Exceptional Year: A Result of Monetary Policy Support and Rising Geopolitical Risks

In 2024, gold has experienced its most significant annual gains of the 21st century, driven by a combination of factors including the easing of monetary policy in the United States, growing geopolitical risks, and central banks' increasing desire to accumulate the precious metal. This surge in gold......

Moroccan Banks Announce Exceptional Year-End Weekend Operations for 2024

The Moroccan Professional Group of Banks (GPBM) has unveiled plans to keep banks open during the final weekend of 2024, marking a notable departure from standard banking hours. This exceptional measure, announced on Thursday, will see banks operating on December 28-29, 2024. The initiative is designed......

Global Tech Glitch Prompts Moroccan Cybersecurity Agency to Issue Urgent Guidance

In an unprecedented turn of events, a widespread technological malfunction has sent shockwaves through the global digital landscape, prompting Morocco's cybersecurity watchdog to take swift action. The General Directorate of Information System Security (DGSSI) in Morocco has released a set of crucial......

French Banks' African Exodus Fuels Competition, Unleashes Growth for Local Lenders

In a landscape-shifting move, major French banks are withdrawing from their long-standing presence in African markets, creating new competition and opening doors for local and regional lenders. This trend, outlined in a recent Fitch Ratings report, signals a significant transformation in the African......

Netflix's ‘Outer Banks’ Ventures to Essaouira, Morocco for New Season Filming

Morocco - Essaouira, the picturesque coastal town in Morocco, has been selected as the backdrop for the filming of the highly anticipated fourth season of Netflix's popular mystery series, "Outer Banks." Recent social media posts have provided glimpses of the show's stars including......

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