03/26/2018
NBK brings the SWIFT gpi service to Kuwait
Al-Khorafi: Another area of NBK’s advancement in technology innovations
FinTech
03/26/2018
UAE takes pole position in digital banking in the Middle East
The trend picks up momentum in the region
03/26/2018
MENA start-up data platform closes $1 million seed funding round
MAGNIiTT.com, one of the largest investment data platforms for investors, entrepreneurs and corporates in the Middle East, has announced that it has successfully raised close to $1 million in funding from both international and Gulf based investors.
03/22/2018
Saudi rolls out online payment service
Holders of Mada cards will be able to make digital purchases from early April
03/21/2018
UAE startups to attract $1 billion in funding this year
The figures come ahead the three-day AIM Startup that will take place at Dubai World Trade Centre from 9th-11th April 2018.
03/21/2018
Objectway announces a distribution partnership with BML Istisharat
BML Istiharat works with more than 300 clients worldwide, including several Fortune 500 companies,
03/16/2018
Doha Bank unveils new mobile App
The new 2018 App is introducing more than 900 ‘buy one, get one free’ vouchers and over 300 exciting offers at the most prestigious hotels, fine dining restaurants, cafés, leisure spots and health and fitness spas, the ‘Doha Bank
03/15/2018
ERI & Sequrest: A partnership for a full range of cyber security solutions
The Sequrest cyber security platform can viewed as another modular add-on, ensuring ERI customers benefit from complete protection against growing cyber threats.
03/15/2018
Dubai e-commerce website The List raises $1.7m in seed funding
The List also features rare vintage pieces from the likes of Louis Vuitton, Chanel and Hermes.
03/15/2018
Microsoft to open Dubai, Abu Dhabi data centres
The two locations are Microsoft’s first in the Middle East.
03/15/2018
Bahrain counts on fintech, Saudi ties to revive indebted economy
Large debts still pose a risk as interest rates rise, but after a push to turn the economy around, Bahrain is starting to see initial signs of recovery.
03/15/2018
UAE, Bahrain and Fintech: The financial disruption is on
Islamic banks are also enthusiastic about the prospects and are investing in digital initiatives, according to a recent Ernest and Young report.
03/14/2018
UAE banks ban buying of crypto-currencies with credit cards
Bankers say that the ban on virtual currencies is aimed at protecting their customers from falling prey to frauds
03/14/2018
Microsoft to Deliver the Intelligent Cloud From New Datacenters in the Middle East
Each new datacenter will adhere to Microsoft’s trusted cloud principles and becomes part of one of the largest cloud infrastructures in the world, already serving more than a billion customers and 20 million businesses.
03/14/2018
Crypto-currencies - the New Gold Rush
Crypto-currencies are virtual money based on encoded data or mathematical models
03/14/2018
Download free Thawani app from Google Play, Apple Store
Thawani has been designed to be an easy payment solution that takes away the complexity of having to remember multiple pin numbers and passwords, alongside keeping banking information completely private.
03/13/2018
MetLife invites insurtech startups to compete for $100,000 contract
The move follows two collab programmes in Singapore (2016) and Japan (2017), which attracted 250 applications from insurtechs in more than 35 different countries.
03/13/2018
Riyad Bank launches Kingdom’s first contactless payment bracelets
Riyad Bank will be also serving millennials with bracelets that will be linked to prepaid accounts to enable secure cashless payments at restaurants and other outlets across the country.
03/13/2018
CrediMax, Benefit launch QR Code payment system
CrediMax and Bahrain-based Benefit have collaborated to launch a unified QR Code payment option where MaxWallet and BenefitPay customers will be able to complete payments at registered merchants through their smartphones. Benefit was established in 1997
03/13/2018
Bahrain explores digital currency
The CBB may also grant licenses to more digital banks after Meem, a subsidiary of GIB, became the first digital bank to get a license in Bahrain.