10/29/2020
Ooredoo Kuwait Reports 8% Improvement in EBIDTA and 2% in Customer Base in Q3 2020 vs. Q2 2020
Ooredoo Kuwait witnessed tremendous increase in digital user numbers and digital sales
FinTech
10/29/2020
Saudi Arabia: E-Payments Hits Record Figure
Payments made through Apple Pay and Mada Pay accounted for 25 percent of the total number of transactions on POS devices until the end of Q3 2020.
10/28/2020
Amazon consultancy Podean launches in the Middle East
Retail players in the Middle East will now have close access to these service offerings.
10/27/2020
Report indicates an increase in banking fraud in Africa and Middle East region
It is emerging that fraudsters are seriously preparing for such calls and are actively using social engineering methods. In 37% of cases, they mentioned the correct name and surname of the person whom they called.
10/27/2020
Gartner Says Finance Leaders Who Avoid Four Cost Management Mistakes Will Help Their Organizations Emerge Stronger From the COVID-19 Crisis
Business leaders are under pressure to go digital and find growth, while reducing expenses and are likely to make decisions that will jeopardize their organization’s recovery
10/27/2020
76% of MENA Professionals Are Satisfied With Virtual Communication Effectiveness in Their Company
Data for the 2020 Virtual Communication in the MENA Poll was collected online from 28 September to 26 October 2020.
10/27/2020
MENA’s open banking platform, Tarabut Gateway, launches in UAE
The company has opened an office in Abu Dhabi’s Hub71 and Dubai’s DIFC FinTech Hive
10/26/2020
BENEFIT strategic partner of Bahrain central bank’s digital lab
BENEFIT will launch a series of hackathons using FinHub 973 platform
10/25/2020
Central Bank of Bahrain launches 'FinHub'
The new platform will aim to create a collaborative ecosystem in the fintech sector by establishing a gateway for investment opportunities in the region
10/23/2020
Central Bank of Bahrain launches fintech platform to drive innovation in Middle East
The FinX22 platform will offer an open banking API sandbox that enables fintech start-ups to develop, test and deploy fintech solutions.
10/23/2020
Crypto Custody Firm Curv Nabs New Funding from Global Asset Manager
The fresh investment expands Curv’s Series A funding round to $30 million.
10/22/2020
Turkish-German mobile bank Insha raises €2.5 million
Yakup Sezer, founder and managing director of Insha, says that Insha intends to extend its services to six more European countries in 2021.
10/22/2020
New fintech platform launched in Bahrain
FinHub 973 is the first comprehensive digital fintech lab in the region and builds on the sandbox launched in 2017
10/22/2020
Abu Dhabi's new digital bank: FAB gets approval to transfer license to ADQ
ADQ is set to establish the new digital bank with an initial capital of approximately AED 2 billion
10/22/2020
Where Have All The Robos Gone?
Build it and they will come.
10/22/2020
What advicetech trends can we expect to see in 2021? by Emily Chen, Iress
While consumer data rights legislation officially kicked off in July this year, it won’t be until next year we’ll begin to see some of the benefits of Open Banking.
10/22/2020
AI, or a thousand shades of grey? by Russ Bryan
With AI, after a time we may start to receive different answers from the same inputs because it generally involves broader data sets and far higher volumes, with all the associated probabilities.
10/21/2020
VerifyMe Signs Agreement with UAE-Based OWS Capital to Access Middle East Markets
Expects Sales to the UAE Government and Companies Across the Region
10/21/2020
Dubai Financial Services Authority to host second RegTech Live event
The event, the second of its kind for this year, builds on the topics discussed in June and reinforces the DFSA’s goal of fostering innovation in the Dubai International Financial Centre
10/19/2020
CITC launches strategy to enter a new era of digital regulation
The new strategy aims to boost connectivity and drive innovation, providing both users and investors with access to knowledge and opportunity