02/17/2022
QIB launches new 'instant finance against deposit' feature on its mobile app
All transactions can now be completed within a few steps and customers will reap the benefits of the advanced
FinTech
02/16/2022
Saudi cabinet approves licensing third digital bank
The two other digital banks, STC Bank and Saudi Digital Bank, were licensed last year
02/16/2022
UAE's robotics start-up Micropolis raises $4m to fuel growth
New funds will be used to accelerate commercial production capabilities and improve R&D capability
02/16/2022
Saudi Arabia’s sovereign fund backs new digital bank called D360
The Saudi cabinet approved a licence for D360 bank on Tuesday
02/16/2022
Ahlibank brings Apple Pay to customers
Apple Pay is accepted in grocery stores, pharmacies, taxis, restaurants, coffee shops, retail stores, and many more places.
02/15/2022
UAE Digital Bank Zand Wins Franklin, Aditya Birla Backing
Digital banks have taken off with the spread of finance technology in Middle East
02/14/2022
ADQ gets licence to set up digital banking platform
The digital banking platform’s primary shareholders ADQ and Alpha Dhabi, one of the fast-growing investments holding companies in the Middle East, own a combined stake of 65 per cent.
02/14/2022
UAE bank Mashreq to use Israeli financial crime detection tool
The UAE and Israel established ties in 2020.
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.