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Abu Dhabi

Indonesia and UAE Central Banks Expand MOU on Islamic Finance, Digital Innovation

6. December 2023

The Bank Indonesia (BI) and Central Bank of the United Arab Emirates (CBUAE) have signed a Memorandum of Understanding (MOU) to enhance collaboration in various central banking sectors, including Islamic finance. This agreement, signed by BI Governor Perry Warjiyo and

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Algeria

Fintech Development in Algeria Lags Behind MENA Counterparts

2. June 2021

Despite strong mobile phone penetration and high mobile broadband connectivity, fintech development in Algeria is still underwhelming compared to other nations in the Middle East and North Africa (MENA) region, experts say. According to World Bank experts, only 16% of

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Bahrain

Bahrain EDB Establishes Gateway to Asia With First Office in Singapore

17. November 2023

The Bahrain Economic and Development Board (EDB) has officially revealed the establishment of its first Southeast Asia office in Singapore. This development aims to bolster Bahrain’s position as an attractive destination for investments, particularly for Singaporean businesses. The office will

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Company Announcement

Finanteq – Provider of Complete Mobile Solutions and Ready to Integrate Additional Components

2. October 2023

Creating a reliable banking application that is appreciated by end users is a challenging process, but it can be achievable when you work with the right vendor. If you are a decision-maker searching for a company to revamp or create

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Dubai

Wio Bank Launches Mastercard Carbon Calculator

7. December 2023

Wio Bank was created to reboot banking in the UAE for both businesses and consumers. In alignment with the UAE’s Year of Sustainability, Wio Bank has integrated the Carbon Calculator into its Wio Personal application, setting a new standard for

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e-Commerce

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

19. May 2022

The accelerated digitization brought on by the Covid-19 pandemic has boosted an already popular retail market in the Middle East and North Africa (MENA) region, bringing it to a new, larger, and global online sphere. Marketplaces, financial services providers, and

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Egypt

Arab Monetary Fund Report: The Arab Open Banking Market Growth

26. October 2023

The Open Banking market across Arab Countries to grow by 25% annually over the next five years, The Arab Monetary Fund (AMF) said in a report issued this week, presenting guidelines for an “Effective Open Banking/ Finance Adoption”. The report

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Ethiopia

Fintech in Africa will Boom in 2022: Fintech News Network Launches Its 8th Publication

31. March 2021

The Fintech News Network is pleased to announce the launch of our eighth publication; Fintech News Africa. The Fintech News Network is an industry publication covering fintech and digital news across the globe. Our readers are from established financial institutions

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Events

Abu Dhabi Finance Week 2023: What to Expect and Who to Meet

13. November 2023

Under the patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi, and Chairman of the Executive Council, the Abu Dhabi Finance Week (ADFW) is returning this year from November 27 to

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Financial Inclusion

Huawei Developer Conference: Brett King Talks Financial Inclusion, Banking 4.0, and More

22. September 2020

At the 2020 Huawei Developer Conference held earlier this week, fintech influencer, best-selling author, and entrepreneur Brett King joined the finance tech.session to talk about the role of technology to improve financial inclusion and shared his views on how banking

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Fintech Startup of the Week

Upcoming Neobank Jingle Pay Promises Seamless Digital Onboarding, Multi-Currency Accounts, and More

18. June 2020

COVID-19 continues to spread across the United Arab Emirates with now 43,364 confirmed cases, including 295 deaths, according to the latest data from the Johns Hopkins University. But besides the human cost, the impact of COVID-19 is also being felt

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Ghana

Fintech in Africa will Boom in 2022: Fintech News Network Launches Its 8th Publication

31. March 2021

The Fintech News Network is pleased to announce the launch of our eighth publication; Fintech News Africa. The Fintech News Network is an industry publication covering fintech and digital news across the globe. Our readers are from established financial institutions

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ICO

ICO Arrives In The Middle East But VC Funding Still Dominates

20. February 2018

2017 was the year initial coin offerings (ICOs) became mainstream. The fundraising method has raised in popularity and is now being used by an increasing number of startups in blockchain and cryptocurrency space looking for capital. In 2017 alone, startups

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Innovation

5 Key Highlights From Huawei’s Developer Conference

22. September 2020

From September 10 to 12, 2020, Huawei Consumer Business Group (BG) held the annual Huawei Developer Conference. Themed HDC.Together, the event saw multiple announcements being made, including the launch of new products, as well as updates on the Huawei Mobile

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Iran

Iran Begins Piloting Its CBDC “Crypto-Rial”

22. September 2022

The Central Bank of Iran (CBI) will start piloting the use of the “crypto-rial” — its central bank digital currency this week, according to an announcemeent on the Iran Chamber of Commerce’s website. The announcement further states that one of

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Iraq

24 Startups Join Flat6Labs’ StartMashreq Growth Track Program

13. September 2023

Flat6Labs, a seed and early-stage venture capital firm for MENA, announced the selection of 24 startups for its StartMashreq Growth Track program. The startups – founded in Jordan, Lebanon & Iraq – operate in diverse sectors such as fintech, healthtech,

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Israel

Turkey’s Akbank Teams With Personetics To Create Banking IQ

9. October 2023

Burcu Küçükünal, the Digital, Design and Innovation SVP at one one of Turkey’s most prominent private banks, Akbank, recently discussed her team’s aim to introduce a mobile app as a dependable financial counselor for their clientele, enhancing customer involvement with

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Jordan

Arab Monetary Fund Report: The Arab Open Banking Market Growth

26. October 2023

The Open Banking market across Arab Countries to grow by 25% annually over the next five years, The Arab Monetary Fund (AMF) said in a report issued this week, presenting guidelines for an “Effective Open Banking/ Finance Adoption”. The report

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Kenya

South Africa, Nigeria and Kenya: Africa’s Largest Fintech Hubs

12. May 2021

In Africa, South Africa, Nigeria and Kenya have the three most developed fintech ecosystems, combining more than 450 companies. This burgeoning industry has been driven by strong demographic indicators, increased connectivity, early regulation, and proactive governments. South Africa: an early

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Kuwait

The First Shari’a-Compliant Digital Bank Launched in Kuwait

6. November 2023

In a special ceremony, Kuwait Finance House (KFH) has announced the launch of its first Shari’a-compliant digital bank in Kuwait, called Tam Digital Bank. The ceremony was attended by KFH Chairman, Hamad Abdulmohsen Al Marzouq, members of the Board of

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Lebanon

24 Startups Join Flat6Labs’ StartMashreq Growth Track Program

13. September 2023

Flat6Labs, a seed and early-stage venture capital firm for MENA, announced the selection of 24 startups for its StartMashreq Growth Track program. The startups – founded in Jordan, Lebanon & Iraq – operate in diverse sectors such as fintech, healthtech,

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Morocco

Arab Monetary Fund Report: The Arab Open Banking Market Growth

26. October 2023

The Open Banking market across Arab Countries to grow by 25% annually over the next five years, The Arab Monetary Fund (AMF) said in a report issued this week, presenting guidelines for an “Effective Open Banking/ Finance Adoption”. The report

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Nigeria

South Africa, Nigeria and Kenya: Africa’s Largest Fintech Hubs

12. May 2021

In Africa, South Africa, Nigeria and Kenya have the three most developed fintech ecosystems, combining more than 450 companies. This burgeoning industry has been driven by strong demographic indicators, increased connectivity, early regulation, and proactive governments. South Africa: an early

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Oman

Arab Monetary Fund Report: The Arab Open Banking Market Growth

26. October 2023

The Open Banking market across Arab Countries to grow by 25% annually over the next five years, The Arab Monetary Fund (AMF) said in a report issued this week, presenting guidelines for an “Effective Open Banking/ Finance Adoption”. The report

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Outlook

Banking and Fintech Predictions for Middle East in 2021

20. January 2021

COVID-19 has created a sea change across the financial services sector with respect to remote work and a push for digitisation. The financial sector experienced the most disruption, with an accelerated innovation roadmap that saw manual processes including account opening,

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Pakistan

State Bank of Pakistan Approves 5 In-principle Approvals for Digital Retail Banks in Pakistan

22. September 2023

In a bid to foster innovation, financial inclusion and availability of affordable digital financial services, State Bank of Pakistan (SBP) has granted In-Principle Approval (IPA) for establishing five digital retails banks, namely HugoBank Limited, KT Bank Pakistan Limited, Mashreq Bank

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Partner Content

Regulating Virtual Assets: Practical Implementation and Adoption

30. November 2021

Abu Dhabi Global Market guides the virtual asset industry with the world’s first fully comprehensive regulatory framework, ushering in a period of dramatic economic growth and unlocking endless opportunities for innovation. Traditional finance and the virtual asset economy have become

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Payments

Oddle Uses Tap to Pay on Android, SUNMI to Provide Diners a Simple Payment Experience

8. March 2023

Oddle helps restaurants manage and grow their business through an all-in-one online and in-person ordering system that allows restaurants to deliver easy-to-use experiences to their customers. The omnichannel platform partners with SUNMI for Android payments hardware and Stripe for payments

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Project Management

Finanteq – Provider of Complete Mobile Solutions and Ready to Integrate Additional Components

2. October 2023

Creating a reliable banking application that is appreciated by end users is a challenging process, but it can be achievable when you work with the right vendor. If you are a decision-maker searching for a company to revamp or create

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Qatar

Qatar Central Bank Starts Receiving Applications for Loan-Based Crowdfunding Service Providers

4. December 2023

Qatar Central Bank (QCB) has started to receive the applications for licensing and regulating the loan-based crowdfunding service providers in conformity with the strategy of financial sector and fintech in Qatar. The bank is permanently committed to regulating and developing

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Amazon.ae Expands to Qatar

25. October 2023
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Regtech

Here Are the Key Findings From OneSpan’s Global Financial Regulations Report

22. December 2021

OneSpan recently released its second annual Global Financial Regulations Report, that outlines major developments in the regulatory landscape. In conjunction with comprehensive research into how the changing regulatory landscape is impacting the banking community, this year’s report also reveals how

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Report

Middle Eastern Banks Slow in Embracing Fintech Despite Customers Keenness

7. June 2020

In the Middle East, despite customers’ willingness to adopt innovative fintech solutions, banks are still reluctant in integrating fintechs into their strategy, with most choosing to follow a “wait and see” approach, according to a new report by Deloitte. In

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Saudi Arabia

Saudi Personal Finance Platform Yabi Grabs USD 8M Seed Funding

30. November 2023

Yabi by Souqalmal was launched in Saudi Arabia this November, boasting a localised personal finance wellbeing platform. Driven by its firm belief in localisation for true value creation when it comes to personal finance, Yabi launched in both English and

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South Africa

South Africa, Nigeria and Kenya: Africa’s Largest Fintech Hubs

12. May 2021

In Africa, South Africa, Nigeria and Kenya have the three most developed fintech ecosystems, combining more than 450 companies. This burgeoning industry has been driven by strong demographic indicators, increased connectivity, early regulation, and proactive governments. South Africa: an early

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Sponsored

Over 10,000 Global Finance Leaders Set to Converge at Abu Dhabi Finance Week

23. November 2023

Abu Dhabi is set to host the Abu Dhabi Finance Week (ADFW) from 27th to 30th November 2023, a four-day series that promises to be a landmark event in the global financial calendar. Under the patronage of His Highness Sheikh

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Tanzania

Fintech in Africa will Boom in 2022: Fintech News Network Launches Its 8th Publication

31. March 2021

The Fintech News Network is pleased to announce the launch of our eighth publication; Fintech News Africa. The Fintech News Network is an industry publication covering fintech and digital news across the globe. Our readers are from established financial institutions

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Top Picks

Israel’s First Fully Digital Bank Starts Soon

16. April 2020

Tata Consultancy Services (TCS), a leading global IT services, consulting and business solutions organization, announced that Israel’s first fully digital bank, has partnered with TCS as the first customer of its Banking Service Bureau, powered by TCS BaNCS. TCS was

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Trading

Fintech Revolution: How Technology is Reshaping Forex Trading in the UK

29. November 2023

The foreign exchange (forex) market has undergone a major transformation in recent years due to advances in financial technology (fintech). From online trading platforms to automation tools, new innovations are making forex trading faster, easier and more accessible than ever

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Turkey

State of Climate Tech VC Report: US$ 651 Million Invested into MENA and Türkiye Startups

8. November 2023

CE-Ventures, the corporate venture capital platform of Crescent Enterprises, has partnered with MAGNiTT to unveil ‘The State of Climate Tech Venture Capital Report’. The report delves deep into the dynamic landscape of climate tech investments in the Middle East and

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Various

The Status Quo of Open Finance in the Arab World

4. December 2023

In Arab countries, open banking is rapidly evolving into the more comprehensible model of open finance, expanding from payment accounts and related services, to a larger variety of financial services, including investments, pensions, insurance and consumer credit. With so many

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Virtual Banking

CR2 Named Technology Leader in the Digital Banking Platform Market 2022

12. April 2022

Quadrant Knowledge Solutions announced today that it has named CR2  as a 2022 technology leader in the SPARK Matrix analysis of the global digital banking platform market. The Quadrant Knowledge Solutions SPARK Matrix™ includes a detailed analysis of global digital

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Yemen

Fintech Fails to Emerge in Troubled Yemen

15. August 2018

Yemen is an Arab sovereign state in Western Asia at the southern end of the Arabian Peninsula and the second-largest country (27 Million population) in the peninsula. It is also the poorest country in the Arab region, according to the UN. Once

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