Fintech News Middle East
SH Capital Ltd Launches in Dubai to Empower SMEs With Global Banking Services
A new digital treasury services management provider SH Capital Ltd (SHC), launches in Dubai today with a mission to empower
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Mambu Partners Ta3meed to Provide Digital Islamic Financing Solutions for SMEs
SaaS banking platform Mambu and Ta3meed, an Islamic fintech in trade finance in Saudi Arabia, announced a strategic partnership to
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Banking and Fintech Predictions for Middle East in 2021
COVID-19 has created a sea change across the financial services sector with respect to remote work and a push for
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Abu Dhabi Investment Office Establishes 8 Global Hubs
The Abu Dhabi Investment Office (ADIO) has established eight new offices in Tel Aviv, New York, San Francisco, Frankfurt, London,
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Ethiopia, Ghana and Rwanda Among Africa’s Fastest-Growing Fintech Ecosystems: Report
South Africa, Nigeria and Kenya have historically been the fintech hubs of Africa, but the next chapter for the industry
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Bahraini Crypto Startup Rain Financial’s $6 Million Funding Round Joined by Coinbase
Rain Financial Inc, a licensed cryptocurrency platform and custodian, announced that it had raised $6 million during a Series A
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Visa Study: Contactless Payments in the UAE Here to Stay
Visa’s third edition of its global research study, “Visa Back to Business Study – 2021 Outlook”, found that both the
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Virgin Mobile Awarded Banking Agent License Through Saudi Investment Bank
Telecom provider Virgin Mobile was awarded a banking agent license through the Saudi Investment Bank, allowing it to offer electronic
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Tanzania’s Nascent Fintech Sector is Poised for Growth
In Tanzania, the fintech sector is still nascent with less than 50 companies, among which 68% in their early stages
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Saudi Central Bank Releases Its Open Banking Framework
The Saudi Central Bank (SAMA) has issued its open banking policy which outlines its objective for implementation in Saudi and
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Emirates NBD Unveils Customer Digital Onboarding Experience
Emirates NBD has rolled out the digital onboarding option for new customers to have their identity documents verified using contactless
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Sarwa Gets Greenlight for Fintech Experimental Permit From Saudi Regulator
Sarwa, a Dubai-based investment advisory platform, was granted a fintech experimental permit by the Capital Markets Authority (CMA) of Saudi
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Kenya Central Bank Outlining Open Banking Ambitions
The Central Bank of Kenya (CBK) has released a draft document outlining a five-year digitalization plan to modernize the country’s
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RAKBANK Renews Fintech Partnership With Invoice Bazaar to Ease SME Funding
The National Bank of Ras Al Khaimah (RAKBANK) has announced the renewal of its partnership with Invoice Bazaar, a Dubai
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Dubai’s Free Trade Zone Breaks 5-Year Record in New Company Registrations
Dubai Multi Commodities Centre (DMCC), established by the Government of Dubai to establish a hub for global commodities trade, registered
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Arab Investment Bank Taps Temenos to Boost Its Digital Banking Capabilities
The Arab Investment Bank announced that it has selected Temenos, a Swiss banking software company to bolster its digital banking
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Zain’s Fintech Arm First to Receive Micro Loans License From Saudi Central Bank
Zain Group, a telecommunications company in the Middle East and North Africa region, announced that its fintech arm Tamam has been
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Dubai’s Road Transport Authority Launches Smart Payment Card
Dubai’s Roads and Transport Authority (RTA) and Huawei Consumer Business Group announced the launch of the Gulf Cooperation Council’s (GCC)
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7 Fintech Startups in UAE to Watch in 2021
The United Arab Emirates (UAE) is the largest fintech hub for startups in the Middle East and North Africa (MENA),
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Fintech in 2020: Key Developments that Shaped UAE’s Fintech Industry This Year
The United Arab Emirates (UAE) is the largest fintech hub in the Middle East and North Africa (MENA) and home
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Year End Message to Our Readers – Offline from 29th December to the 3rd January
Fintech News Middle East would like to take this opportunity to wish all our readers a very Happy New Year.
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Tabby Ties up With IKEA to Offer Interest-Free Buy Now, Pay Later Option
tabby, a Middle East “Buy Now Pay Later” platform, announced that it has partnered with Swedish home furnishing retailer, IKEA
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Aramco Teams up With Google Cloud Services for Push Into Saudi Market
Saudi Aramco Development Company, a subsidiary of Aramco, announced it had teamed up with Google Cloud to offer high-performance, low-latency
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UAE to Bolster Data Security With Its First National Crypto Library
Abu Dhabi’s Technology Innovation Institute (TII), the applied research pillar of the Advanced Technology Research Council (ATRC), announced that its
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Visa Study Forecasts Booming E-Commerce Sector Amidst Rising Digital Payments
The UAE e-commerce sector is expected to continue on an upward trajectory due to the digital payments boom during the
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First Abu Dhabi Bank Ties up With Visa to Launch Virtual Corporate Card
First Abu Dhabi Bank (FAB) has partnered with Visa to launch digital payment solutions, the Visa Central Travel Account and
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Authentication Is Done. What About Identification?
Airome Technologies, a Singapore-based developer of cybersecurity solutions for digital banking and e-document management systems, has been working with authentication
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Cloud Banking Platform Mambu Expands Its Reach With New Office in the UAE
Cloud banking platform Mambu announced that they have set up a new office in Abu Dhabi as the United Arab
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Amazon Payment Services Kicks off in MENA Region
Amazon has launched its Amazon Payment Services, previously known as PAYFORT, as a payment processing service in the Middle East
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UK Startup Ebury First to Receive Financial Services License Under DFSA
Dubai International Financial Centre (DIFC), announced that Ebury, a UK fintech startup offering cross-border financial services and risk management, has
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10 Fintech Startups in Dubai and Abu Dhabi You Have to Know
The fintech market in the Middle East and North Africa (MENA) region is predicted to enter a new era of
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