Fintech News Middle East

Backbase Partners With Bahrain Fintech Bay to Boost Digital Banking Adoption

Digital banking software provider Backbase and Bahrain Fintech Bay (BFB), a fintech hub in the Middle East and North Africa

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Wealth Today Summit Spotlights Rising Institutional Adoption of Crypto

The wealth and investment landscape has seen its fair share of changes over the last few years and new technologies

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Digital ID Verification, Remote Document Signing to Become the Norm in Finance Sector

The pandemic has accelerated the growth of non-face-to-face interactions, forcing banks, merchants and others to swiftly deploy digital tools to

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UAE Proptech Huspy Raises $37 Million in Series A

Huspy, the EMEA proptech startup, has announced a $37 million Series A funding round led by Sequoia Capital India to

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Huobi Group Secures DIFC Innovation License From Dubai Regulator

Huobi Group, a global blockchain asset financial services provider, announced that it has secured a DIFC Innovation License in Dubai.

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BNPL Emerges as New Favorite Payment Option in MENA-Pakistan

In the Middle East, North Africa and Pakistan (MENAP) region, exponential growth in the e-commerce market is fueling the rise

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Mashreq Offers Fully Integrated Mobile IPO Subscription Service

Mashreq is the first bank to go live with its digital IPO subscription through its mobile application. The bank’s retail

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Revolut Has Now Expanded Its Footprint to Oman

Challenger bank Revolut announced that a streamlined version of its app is launching in Oman in the next couple of

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ADQ and Jordan’s Ministry of Digital Economy and Entrepreneurship Launch $100 Million Tech Fund

ADQ, an Abu Dhabi-based investment and holding company,  announced the launch of a $100 million technology-focused venture capital fund with

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NymCard Increases Funding to $35M

NymCard – MENA-based Banking as-a-Service (BaaS) provider and card issuer has raised $22.5M in its latest Funding round. This will

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Robo Advisers Are on the Rise in the MENA Region

Wealth managers in the MENA region are expecting strong growth in the number of robo advisers and digital only wealth

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Hyperpay Raises $36.7 Million Led by Mastercard

KSA-based and MENA servicing payments services provider HyperPay has successfully raised $36.7 million (SAR 138 million) in a funding round

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Weekly Crypto Meetups in the UAE by XT.com

XT.com, the World’s First Social Infused Exchange, announces its much-awaited weekly crypto meetups. XT.com is delighted to invite crypto enthusiasts,

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Crypto.com Receives Provisional Approval From Dubai Virtual Assets Regulatory Authority

Crypto.com announced last weekt that it has received provisional approval of its Virtual Asset MVP License from the Dubai Virtual

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8 Financial Processes Poised for Digital Transformation

COVID-19 accelerated trends toward remote banking and digitalisation, forcing financial institutions to embrace new technologies and processes to keep their

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6 Fast-Growing Fintechs from Saudi to Keep a Close Eye on

These past few years have seen Saudi Arabia’s fintech sector gaining strong momentum, a growth that’s been fueled by favorable

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Businesses Are Banking On 3DS2 for Secure Checkout in MENA’s Us$50B e-Commerce Market

The accelerated digitization brought on by the Covid-19 pandemic has boosted an already popular retail market in the Middle East

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Qatar Is Gearing Up to Host the First Ever InsurHack MENA in June

Qatar is gearing up to host InsurHack MENA, the first insurtech hackathon in the MENA region that is scheduled to

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Abu Dhabi Accelerator Hub71 Accepts 7 Fintech Startups for Its New Cohort

Hub71, Abu Dhabi’s global tech ecosystem, has accepted 7 fintech startups to join its growing community as part of accelerating

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Israel’s SHVA Selects Netcetera to Upgrade the Security of Online Payments

Netcetera, a Swiss software company that provides secure digital payments, has announced that it has partnered with Israel-based Automated Banking

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Egypt’s Paymob Raises US$50 Million in Series B Fundraise

Paymob, Egypt’s omni-channel merchant financial services platform, announced it has raised US$50 million in a Series B funding round led

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Using E-Signatures to Ensure Business Continuity in an Increasingly Digital World

The COVID-19 pandemic has accelerated the trend towards digitisation. Suddenly, government agencies, organisations, and businesses of every industry have been

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Qatar Strives to Become a Global Fintech Hub

Striving to turn the country into a major fintech hub, the Qatar government has introduced a number of programs and

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Dubai’s Virtual Assets Regulatory Authority Makes Its Debut in the Metaverse

Dubai’s Virtual Assets Regulatory Authority (VARA) announced its entry into the metaverse with the establishment of its Metaverse HQ in

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Fintech Becomes Favoured Investment Focus in MENA

In the Middle East and North Africa (MENA), fintech has emerged into the preferred investment target of investors. Between 2019

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Dubai Crown Prince Launches a AED370 Million Startup Growth Fund

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council

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Banque Saudi Fransi Taps Backbase to Elevate Its Customers’ Digital Experience

Banque Saudi Fransi (BSF) has announced a new partnership with Backbase, an engagement banking platform provider, to transform its digital

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MENA’s Fintech App for School Fees Secures $9.4M Seed Round

zenda, MENA’s first fintech app for families has announced it has secured a $9.4m oversubscribed seed round. zenda currently addresses

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10 Fintech Accelerators to Know in the UAE

With over 400 fintech companies, the United Arab Emirates (UAE) is a major hub for fintech innovation in the Middle

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Kraken: First Licensed Global Virtual Asset Exchange in Abu Dhabi

Abu Dhabi Global Market (ADGM) welcomes Kraken to its fast-growing virtual asset community and financial ecosystem. Kraken is the first global

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