Posts From Fintechnews Middle East

UAE Poised To Become The Fintech Nexus In MENA

In financial centers around the world, fintech has attracted large amounts of investment and attention from the private and public sectors as banks seek to maintain their competitive edge amid growing competition from new entrants, and governments aim to position

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Saudi Arabia and Japan’s SoftBank Launch World’s Largest Tech Fund

An investment group that includes Japan’s SoftBank and Saudi Arabia’s main sovereign wealth fund, has announced a major close with over US$93 billion of committed capital for the tech-focused SoftBank Vision Fund. The fund, which is targeting a total of US$100 billion

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First Digital Bank Launched in Dubai

The Commercial Bank of Dubai (CBD), announced late in November that it is launching “CBD Now”, Dubai’s first digital-only bank. They aim to target millennials and digitally connected customers early in 2017. Peter Baltussen, CEO of Commercial Bank of Dubai

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