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FinTech

01/04/2023

Flat6Labs and Wio Bank sign MoU to streamline and enhance SME-centric banking services for start-ups in Abu Dhabi

Start-ups from Flat6Labs Ignite will have the opportunity to take advantage of Wio’s innovative banking products and services under Wio Business

12/30/2022

Abu Dhabi bank launches tokenized payment system using wearables

There have been numerous fintech developments in the United Arab Emirates this year.

12/29/2022

Dubai Chamber of Commerce launches FinTech and Payments business group

“The new FinTech and Payments Business Group is a great addition to our network of business groups, and we believe it will play a pivotal role in supporting members and the emirate’s private sector to drive FinTech growth and serve as a platfo

12/28/2022

Al Salam Bank Launches the First-Of-Its-Kind Digital Self-Service Kiosk

This comes in line with Al Salam Bank's ongoing commitment to staying ahead of the latest trends in digital technology, ensuring the delivery of a refined, transformative client experience.

12/27/2022

Bank of Israel gives green light to Palo Alto’s Nir Zuk for new digital bank

The approval marks second time in three years that a new bank will be set up in Israel; plan is for digital bank to offer attractive interest rates and services without commissions

12/16/2022

Temenos and NdcTech sign partnership to expand market reach in Bahrain, Kuwait, Oman, Pakistan, Qatar, Saudi Arabia, and UAE

Financial institutions will benefit from Temenos’ world-class banking platform and NdcTech’s regional expertise to offer Country Model Bank functionality in these countries

12/14/2022

UAE launches new AI-powered mobile app for crop disorder detection

The new application – called Dr. Nabat – is developed through collaboration between the International Center for Biosaline Agriculture (ICBA) and the University of Barcelona, Spain

12/13/2022

Pure-play digital firms yet to make a mark on Middle East financial services: PwC

The one area that is likely to continue to be a growth constraint for financial services in the region is the regulatory structure around cloud services, according to an expert

12/13/2022

Fintech PayTabs acquires Turkey’s social commerce platform, Paymes

The acquisition aims to create a unified social commerce platform for micro merchants, fempreneurs and webpreneurs across the MENA region

12/12/2022

The Family Office reinvents private market investments with its new Invest Now Pay Later Service

“Invest Now Pay Later allows investors to start investing in private markets without funding the entire commitment from day one

12/09/2022

Credopay partners with The Zubair Corporation to foray into the Middle East

The joint entity will provide clients with a secure, robust, certified, and scalable solution through its platform-as-a-service (PaaS), software-as-a-service (SaaS) and managed services products.

12/08/2022

DIFC-based fintech firms net $559m in funding during Jan-Sep 2022

DIFC’s fintech accelerator programme has attracted more than 3,000 applications from all over the world

12/06/2022

Bitcoin’s bearish futures are signalling a slowdown into 2023

Bitcoin’s price has dropped 64 per cent since the beginning of the year

12/05/2022

Paymentology partner Tweeq obtains e-money licence in Saudi Arabia

The e-money licence approval will allow the company to launch its mobile-first app, which provides services tailored to millennials and Gen Z.

12/05/2022

Egyptian tech start-up Sideup raises $1.2m to fuel growth

Launched in 2019, the company is aiming to move its headquarters to Arab world's largest economy Saudi Arabia

12/05/2022

IFZA partners with Wio Bank to provide Digital Banking Services

IFZA study reveals 50% of respondents believe business owners find it challenging to open a corporate bank account

12/02/2022

Standard Chartered Launches Women in Tech Program in Saudi Arabia

The initiative is currently available in seven countries, including Saudi Arabia.

12/01/2022

Islamic Coin wins ESG Crypto at The Middle East Blockchain Awards

The team has already engaged in Sustainability initiatives and recently presented at the WGGO Youth International Conference in New York, supported by the United Nations.

12/01/2022

As crypto collapses in US, is Middle East going through digital renaissance?

The adoption of Web3, however, has witnessed a slowdown as cryptocurrency and NFT scams have become rampant in markets such as the US.

11/30/2022

QNB promises easy, innovative banking during World Cup

Digital transformation at the heart of QNB’s products and services

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