04/20/2022
Over 98% in UAE, Saudi believe business leaders would trust bots over humans in social decisions
Nearly all of the respondents in the UAE believe sustainability and social factors are more important than ever
FinTech
04/19/2022
Banque Saudi Fransi selects Backbase’s Engagement Banking Platform
BSF will now be able to deliver an immersive banking experience, enabling instant digital onboarding of customers
04/19/2022
Derayah Financial CEO says it owns 20% of PIF-backed digital bank D360
With the planned introduction of single-stock futures trading in Saudi Arabia, Al-Shammasi stressed the importance of such a transition in enhancing the capital market.
04/19/2022
FAB teams up with IBM to hasten digital transformation
IBM’s team of experts will work with FAB to modernise existing applications and further enhance the digital footprint of FAB’s customers.
04/14/2022
FinTech growth and digital banks' risk appetite stoking stability concerns, IMF says
Neo banks and financial platforms are rapidly growing into higher-risk business segments, creating regulatory challenges
04/14/2022
Beckoning a new dawn for real-time payments in the UAE
The UAE has one of the world’s highest smartphone penetration rates and a young population that live a substantial proportion of their lives in digital spaces
04/14/2022
Partnerships that Bring Complementary Services and Technology Can Enable the Growth of Super-Apps in the MEA
Now super-apps – apps that combine many functions in a single application – are taking the proposition even further.
04/13/2022
Banque Misr in Egypt automates trade finance with Finastra
Banque Misr extends collaboration with Finastra, selecting Fusion Trade Innovation and Fusion Corporate Channels to boost its offering and attract new customers
04/12/2022
TII announces launch of NOOR, the world’s largest Arabic NLP model
Model is most powerful one in Arabic language to date with 10 billion parameters
04/11/2022
Investcorp launches the first global institutional blockchain fund
It will mainly invest in early-stage companies operating in areas within the blockchain ecosystem such as blockchain infrastructure
04/11/2022
Binance earns in-principal approval from ADGM
ADGM is the pioneer in introducing robust virtual asset regulatory frameworks to support the growth of the global blockchain ecosystem.
04/08/2022
novobanco goes live with Objectway to lead the way in investment services
Objectway delivered the project using an incremental release plan adhering to agile principles.
04/08/2022
UAE crypto rating firm Evai recognised in the CV VC Global Report 2022
New report reveals 700% year-on-year growth as investments in the blockchain sector surge
04/07/2022
Mashreq and noon.com collaborate to launch VIP savings account
The initiative is the first Savings Account proposition with a leading e-commerce platform in the UAE
04/06/2022
Emirates NBD joins Plug and Play startup ecosystem
Over the past 15 years, Fintech Investment and Acceleration has been one of our biggest areas of expertise.
04/04/2022
Fintech PayMint gets seed funding round from AUR Fintech Fund
PayMint launched its services in the local market in 2019 and works to provide fintech services to small- and medium-sized companies, especially salary payments, working capital financing, and supplier payments
04/04/2022
NBB partners with Bring Global for digital transformation
The agreement between NBB and Bring aligns with NBB’s continuous commitment to enrich the overall customer experience
04/04/2022
Mashreq repositions NEOPAY as UAE digital payments continue to soar
Dubai banking major completes transition of its existing payments business into wholly owned subsidiary
04/01/2022
FintechCashier Group announces investment of £10 million into MENA region, creating a financial gateway centre based in Bahrain
With their network of financial partners and banks, FintechCashier helps SMEs, Family Offices and next-generation companies to reach the world.
04/01/2022
Egyptian FinTech App Khanza Lands $38M in Series A
The fund also backed a $25 million Series A round by Lucky, an Egyptian cashback rewards app that said it will use its new capital to improve its credit capabilities as consumers in Egypt become more educated and experienced with using credit.