Posts From Fintechnews Middle East
Abu Dhabi Global Market Enacts Its Electronic Transactions Framework
Abu Dhabi Global Market (ADGM) announced that it has enacted the Electronic Transactions Regulations 2021. The objective of these regulations is to confirm that electronic signatures, contracts, records and documents are legally enforceable in ADGM as the traditional non-electronic versions.
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Bank of Ghana Pilots Fintech Sandbox
The Bank of Ghana launched a regulatory and innovation sandbox pilot in collaboration with fintech firm EMTECH which provides cloud-based software specifically for central banks. The sandbox is a supportive and controlled policy environment that enables firms to test innovative
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Dutch Payments Platform Adyen to Expands to Dubai
Adyen, the global payments platform based in Netherlands, announced that it will expand its offering to the Middle East by opening a new office in Dubai. Adyen said in a statement that this will enable its existing merchant base to
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Open Banking Platform Tarabut Gateway Bags $13 Million in Seed Funding
Bahrain-based open banking platform Tarabut Gateway has secured $13 million during a seed funding round. The announcement follows Tarabut Gateway’s recent expansion into the UAE in October 2020. Tarabut Gateway, which has offices in Abu Dhabi, Dubai, London and Manama,
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Saudi Central Bank Launches Instant Payment System Sarie
The Saudi Central Bank (SAMA) launched the instant payment system sarie, under the patronage of His Excellency Governor of the Central Bank Dr. Fahad bin Abdullah Al-Mubarak. Commenting on the achievement, the Central Bank Governor said that the launch of
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Saudi Central Bank Set to Launch Instant Payment System Available 24/7
The Saudi Central Bank (SAMA) has announced that it will be launching a round the clock instant payment system effective from 21st of February onwards. Upon its activation, the system will allow financial institutions, companies, and individuals to complete transactions
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Saudi Arabia: Open Banking Expected to Go Live in H1 2022
The Saudi Central Bank, previously known as Saudi Arabian Monetary Authority (SAMA), is planning to go live with open banking during the first half of 2022. The Go-Live Phase will be the third and last phase of SAMA’s open banking
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Personetics Secures $75 Million Funding From Warburg Pincus
Personetics, a Tel Aviv-based global provider of data-driven personalisation and customer engagement solutions for banks and financial services providers, announced it has raised $75 million in funding from Warburg Pincus LLC, a leading global private equity firm focused on growth
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GoDaddy and Startups Without Borders to Train Entrepreneurs Across MENA Region
GoDaddy Inc, an American publicly traded Internet domain registrar and web hosting company, announced the introduction of a free online training course titled ‘Start and Grow Online with GoDaddy’ designed to help entrepreneurs take their businesses online. GoDaddy is partnering
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Amazon’s Growing Foothold in the Middle East
Amazon is aggressively expanding its e-commerce business in the Middle East, multiplying product launches with the introduction of home services in the United Arab Emirates (UAE) in July 2020, payment processing services in the broader Middle East and North Africa
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