This study aims to illustrate the impact of adopting Regulatory technology (RegTech) innovations in banks on money laundering prevention effectiveness using Bahrain as a case study. Bahrain has strived to position itself as the banking center of the Arabian Gulf, hence the results of this novel research are informative of the practices in the region. The primary data for this study was collected through a survey instrument distributed to 100 bankers working in Bahrain with expertise in compliance. The results of multivariate analysis indicate that transactions monitoring through RegTech and cost- and time-saving aspects of RegTech, drive money laundering prevention effectiveness to a highly statistically significant extent. However, electronic know your customer (KYC) technologies are insignificant as drivers. This research not only sheds light on the efficacy of RegTech but also raises general awareness concerning the adoption and integration of RegTech platforms for fighting money laundering. In particular, the findings provide specific insights about the deployment of RegTech capabilities in banks in regional banking centers of modest scale.
This study aims to assess why users are willing/hesitant to continue using FinTech services based on their perceived benefits and risks pertaining to the use of FinTech technology. Data was collected, using an adopted survey instrument, from bankers based in Bahrain, the financial and FinTech hub of the Middle East. Data analysis was applied to assess the reliability and validity of this study’s conceptual model along with its nine hypotheses with 374 valid responses subsequently being analysed using multiple regression via SPSS version 23. The empirical findings of this study supported all the hypotheses, revealing that both perceived benefit and risks affect the intent to continue using FinTech. Perceived benefit has a stronger effect than the perceived risk, and convenience perceived most beneficial while financial risk perceived riskiest for using FinTech technology by the bankers of Bahrain.
This research assesses social media as a tool of popular mobilization and their role in supporting democratic processes using the case study of Tunisia four years after the revolution. Social media have been widely used during the Arab Spring in the MENA region; yet, their democratizing effects have not been thoroughly researched in countries that have recently undergone democratic transitions. Tunisia offers a unique opportunity to assess whether online democracy initiatives retain their credibility among the citizens and to what point they contribute in promoting and strengthening democracy. The research was conducted using a qualitative method through interviews with Tunisian activists and representatives of NGOs who use the Internet as a tool of democratization. It provides new evidence on the role of the Internet as a democratizing tool and to the potential dangers to political stability that it poses to countries in the process of democratic consolidation.
This paper analyzes the contrasting media portrayals of female political participation in the kingdom of Saudi Arabia. Through a thorough discourse analysis of Saudi, British, and American newspaper articles surrounding the 2015 municipal elections, we scrutinize how the portrayal of women as a subject group has shifted from one that requires the constant approval of guardians in the public sphere to one that makes its own decisions and actively participates in politics. We analyze what types of discourses and frames have supported this drastic shift in official Saudi media discourses. We then contrast these findings with the portrayal of Saudi female political participation in Western countries that claim to uphold human rights and gender equality, in contrast to Saudi Arabia. Finally, we contrast our findings with the perceptions of 50 female Saudis regarding female agency and political participation in Saudi Arabia.
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