Fintech News Middle East

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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Tarabut Gateway Becomes First Regulated Open Banking Platform in the UAE

Tarabut Gateway has been granted a licence by Dubai Financial Services Authority (DFSA) to provide money services in and from

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Digital Shift Brings New Opportunities to UAE Freelancers and SMEs

In the United Arab Emirates (UAE), the digital shift brought about the COVID-19 pandemic has introduced new business opportunities to

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Amazon Payment Services Appoints Country Head For Strategy and Growth in Saudi Arabia

Amazon Payment Services, a payment service provider operating across the Middle East and North Africa (MENA) region, has announced the

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CR2 Named Technology Leader in the Digital Banking Platform Market 2022

Quadrant Knowledge Solutions announced today that it has named CR2  as a 2022 technology leader in the SPARK Matrix analysis

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Binance Secures In-Principle Approval to Operate in Abu Dhabi

Binance, a global blockchain ecosystem and cryptocurrency infrastructure provider, received its in-principle approvals to be a regulated virtual asset service

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DIFC Launches Global Venture Studio Launchpad

Dubai International Financial Centre (DIFC) announced the launch of the world’s first venture studio platform exclusively focused on ubiquitous finance

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Crypto Adoption Is Becoming Mainstream, Says Checkout.com Report

Global payments provider Checkout.com debuted its Demystifying Crypto: Shedding light on the adoption of digital currencies for payments in 2022

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Digital Platform and Payment Company KMMRCE Holdings Opens Its Headquarters in Dubai

KMMRCE Holdings, a leading digital specialist combining flexible cloud management solutions with comprehensive finance capabilities, has announced the opening of

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Codebase Technologies Launches Its White-Label BNPL Solution

Codebase Technologies, a Dubai-based open API banking solutions provider, announced that it is rolling out a white-label Buy Now, Pay

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ADGM Partners With Finastra for Global Fintech Hackathon ‘Hack to the Future 4’

The Abu Dhabi Global Market (ADGM) announced that it has partnered with financial software company Finastra for its global fintech

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2022, a Breakout Year for Open Banking in Saudi Arabia

In Saudi Arabia, open banking is taking off, driven by a conducive regulatory landscape, increased competition in the financial sector,

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Mashreq Hires Veteran Banker as Group Head of Tech, Transformation and Information

Mashreq Bank announced that it has appointed Alexander Raiff as its new Group Head of Technology, Transformation and Information, effective

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Mashreq Bank Launches Neopay

Mashreq Ban has completed the transition of its existing payments business into a new, wholly owned subsidiary, IDFAA Payment Services

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Saudi Central Bank Permits 3 New Open Banking Solution Provider Through Its Regulatory Sandbox

The Saudi Central Bank (SAMA) announced granting “Bwatech”, “Rabet”, and “Mala’a”, the permit to operate under its Regulatory Sandbox, bringing

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Saudi Central Bank Licenses 3 New Payment Fintech Companies

The Saudi Central Bank (SAMA) announced the licensing of three new companies specialized in finance and electronic payments, during the

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