02/22/2022
UAE's credit bureau introduces app to curb bounced cheques
ChequeScore to produce a score of between one and 99 percent to show likelihood of cheques bouncing
FinTech
02/22/2022
Saudi fintech firm EdfaPay raises $1.6mln
Company enables merchants to accept payments using a smartphone
02/21/2022
AI wealth manager FinaMaze opens the metaverse to UAE investors
The portfolio offers retail investors exposure to companies operating in the metaverse
02/21/2022
UAE, GCC embrace digitisation faster in Middle East
GCC is the seven largest export destination for Germany outside Europe
02/21/2022
Abu Dhabi wealth fund bets on scientific approach using quant experts
Adia has built a 50-strong team of physicists, academics and data specialists to identify and take advantage of market anomalies
02/18/2022
mSME enabling platform, Setup in Abu Dhabi, launched
Setup in Abu Dhabi’s 25 partners, including ADIO, Twofour54, Masdar, Khalifa Industrial Zone, ADDED, Telr and Hub71, will support the platform
02/18/2022
SAIB taps Moneythor to roll out intelligent PFM
The Moneythor solution is powered by real-time data
02/17/2022
HWGG Capital expands regional footprint
In a statement, the company said the regional expansion is expected to commence in the first quarter of 2022.
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
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