Posts From Fintechnews Middle East

Deutsche’s DWS Acquires 15% Stake in Neo to Strengthen Middle East Presence

DWS Group a subsidiary of Deutsche Asset Management entered into a binding agreement to acquire 15% stake in Neo Technologies, a fintech firm operating in the digital asset management space within the MENA region. Neo Technologies operates a platform-as-as-service model

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Robo Advisor Sarwa is The First to Graduate Dubai’s Sandbox

After nearly 12 months of testing, robo-advisory firm Sarwa has become the first participant to graduate from the Dubai Financial Services Authority’s (DFSA) sandbox. Sarwa’s services much like most robo-advisor offers consumers automated investing that matches the user’s risk appetite

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Emirates NBD Embraces Open Banking Through API Sandbox

Emirates NBD is jumping in on the open banking bandwagon through its debut of an API sandbox. The platform consists of over 200 APIs and 900 endpoints covering retail, corporate and SMEs. The API Sandbox makes Emirates NBD more accessible

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Abu Dhabi Enables All Government Payments Through ADPay

The Abu Dhabi Smart Solutions and Services Authority (ADSSSA) formally launched its  ‘Abu Dhabi Government Digital Payment platform’ (ADPay). Launched in collaboration with the First Abu Dhabi Bank (FAB), the platform aims to facilitate simplified digital payment mechanisms for both

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Fintech in Dubai News Roundup

Over the past years, Dubai has been positioning itself as a leading fintech hub in the Middle East and North Africa region, supported by government initiatives to establish a favorable environment for financial innovation and attract foreign fintech players. As

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Singaporean Fintech Firm Partners with SEED Group to Expand in Middle East

Singapore based fintech firm Touché has signed an agreement with SEED Group as their local partner. In this agreement SEED will assist Touché in expanding their fingerprint-based payment and loyalty management solution to the Middle East. Based in Dubai, SEED

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Emcredit: Dubai Public Sector Goes Blockchain Payments

Citizens and residents of Dubai will be able to make digital payments for school fees, bills and retail purchases with a stable, digital currency after a partnership between blockchain payment provider Pundi X, Ebooc Fintech & Loyalty Labs LLC  and emcredit – Dubai’s Credit Bureau. Consumers in Dubai, UAE

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Saudi Arabia Sovereign Fund Puts a Further US$45 Bil into Japan’s SoftBank

Saudi Arabia’s fledgling sovereign fund is putting in a further US$45 billion into Matsumoto Son’s famed Softbank, which in turn holds known technology companies like Alibaba, Sprint, Uber, Didi Chuxing, WeWork, Nvidia, and many others. This money follows a previous

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Bahrain Gets Another US$100 Mil Fund, This Time Specifically for Fintech Startups

Earlier this year, Bahrain Development Bank launched its Al Wafa fund of funds, with USD100 million available for tech startups in Bahrain. Now, the Economic Development Board (EDB) is also launching a fund worth USD100 million, but this time specifically

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Jordan’s Fintech Startups Could Score up to $3 Mil out of a $30 Mil Fund

The Middle East has been ramping up its efforts to fund fintech initiatives lately, seemingly throughout their life cycles until they become a corporation. Jordan’s Arab Bank is prepared to give out something between $1 million to $3 million to promising

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