02/14/2022
UAE bank Mashreq to use Israeli financial crime detection tool
The UAE and Israel established ties in 2020.
FinTech
02/11/2022
ADQ-backed digital bank gets UAE central bank approval for launch
Some UAE banks have in recent years launched their own digital banking offerings targeted at digitally-savvy and younger users, such as LIV by Emirates NBD and Mashreq Neo by Mashreq Bank.
02/11/2022
UAE's Etisalat partners with FAB, ADQ, Alpha Dhabi to launch new digital bank
Etisalat to invest over $173mln in cash for a 25% stake in the platform
02/11/2022
ADQ-backed digital bank gets UAE central bank approval for launch
The total invested capital in Wio is 2.3 billion dirhams ($626.26 million) plus in-kind contribution.
02/10/2022
Egyptian investment app Thndr raises $20mln in Series A funding
Investment platform says funding will be used to expand across the MENA region
02/10/2022
FinTech Pyypl raises $11m in early-stage funding to expand in GCC and Africa
ADGM-licensed start-up offers digital payment solutions for one billion smartphone users in MEA who are financially underserved
02/09/2022
QDB launches second phase of digital platform 'NUMU'
The platform also contains an instant control panel that allows the client to follow up on facility approvals and modifications, in addition to immediate renewal options and workflow notifications.
02/09/2022
Mastercard and Egyptian fintech Kashat sign five-year deal
Kashat launched in early 2020, capitalizing on the significant potential for growth in Egypt’s fintech and digital space.
02/09/2022
Abu Dhabi crypto firm Hayvn in talks for series B funding, eyes IPO
Gulf funds scoped for asset management, equity investments
02/08/2022
Digital innovations shaping the future banking landscape in MENA region
As a result, the MENA banking sector is also undergoing profound changes, giving regional banks the opportunity to rethink their existing business models and take a giant leap into the future
02/04/2022
Accenture to Develop UAE National Instant Payment Platform
The new platform lays the groundwork for transforming the financial services ecosystem in the UAE.
02/04/2022
First Saudi data center fund to launch thanks to Saudi Fransi Capital, MIS collaboration
Saudi Data Center Fund 1, with the aim of constructing six hyperscale data centers
02/04/2022
Saudi announces new program for digital content creation
The latest round of announcements was made on day two of LEAP22, the global technology platform taking place in Riyadh.
02/04/2022
First Abu Dhabi Bank, Mastercard introduce virtual corporate debit card
The virtual cards can be created for single- or multiple-use
02/04/2022
Emirates NBD, Singapore’s APIX join hands to boost fintech innovation
Emirates NBD to get access to 1,000+FinTechs and their real-time APIs
02/04/2022
Chasing sky-high valuations, Dubai bankers switch to tech sector
Amit Agarwal, who was at Goldman Sachs, joined Mideast logistics and trucking technology firm TruKKer as group chief financial officer.
02/03/2022
Zain KSA and Al Rajhi Bank sign deal
A New Dawn for Banking Solutions Connectivity Coinciding with the Global Tech Event "LEAP"
02/03/2022
Crypto platform Rain rakes in $100m in Series B funding
The company says the new money will be used for expansion into new countries, advancing its trading technology, and growing its team.
02/03/2022
At Arab Health 2022, a peek at how futuristic tech is changing the face of modern healthcare
Technology and innovation were at the forefront of this event
02/02/2022
Saudi Arabia is set to continue championing fintech VC investments, companies say
The two companies also noted that the Kingdom is well-placed to experience a higher growth of mergers and acquisitions in 2022 due to the government’s efforts to boost the private sector and battling the pandemic.