Posts From Fintechnews Middle East
DIFC and GEFI Partner to Prepare for UAE’s Hosting of COP28 in 2023
The Dubai International Financial Centre (DIFC) has entered a year-long partnership with the Global Ethical Finance Initiative (GEFI) ahead of next year’s United Nations climate change conference, better known as COP28. The partnership aims to drive commitment and action ahead
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Aliph Capital Secures US$125 Million From ADQ for Its First Fund
Gulf alternative investment manager Aliph Capital has secured a US$125 million investment for its maiden fund from Abu Dhabi investment and holding company ADQ. The firm was founded by Huda Al-Lawati, a private equity professional with over 20 years of
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Crunch Launches Its Personal Finance Management App in Dubai
Dubai-based personal finance management startup Crunch has launched its new mobile app with features to monitor budgets, view monthly spending, track expenses and set personal financial goals. The Crunch app syncs a user’s financial accounts including bank accounts, credit cards,
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Insurtech Wellx Partners With Google’s Fitbit to Gamify Health Insurance in the UAE
UAE’s wellness insurance platform Wellx has partnered with Google’s fitness wearable company Fitbit to incentivise insurees to stay healthy throughout the year. Wellx plans to connect their platform with Fitbit’s API and provide insurees with a complimentary Fitbit wearable to
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Kuwait Finance House Launches Its Digital Wealth Management Platform in Bahrain
Kuwait Finance House (KFH) – Bahrain has launched KFHB Wealth, its digital wealth management platform to streamline the investment and banking experience for the bank’s high net worth clients. The new platform, accessible on mobile and web, allows KFH Bahrain
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UAE Government Officials Share Metaverse Ambitions
At the Dubai Metaverse Assembly event last month, top government officials from the United Arab Emirates (UAE) shared their ambitions for the country to become a metaverse pioneer and leader, revealing ongoing initiatives and aspirations moving forward. The Dubai Metaverse
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UAE Banks Risk Losing Customers if They Don’t Onboard Digitally
Banking customers across the Middle East are eager for easier and more convenient ways to bank, according to a recent survey by digital identity-proofing platform provider IDnow. The findings feature in IDnow’s ‘Digital Identity Proofing – onboarding opportunities in the
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Informatica to Provide the Abu Dhabi Government With Data Cloud Services
American enterprise data management company Informatica has signed a multi-year agreement with the Abu Dhabi Digital Authority (ADDA) to provide the city’s government entities with cloud services. Informatica will be a non-exclusive supplier to all 76 Abu Dhabi government entities
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Egypt Money App Telda Raises US$20M Seed Round Led By Global Founders Capital
Cairo-based Gen Z money app Telda has raised US$20 million in seed funding led by Global Founders Capital with participation from Sequoia Capital and new investor Block, Inc. According to TechCrunch, Telda aspires to be a digital bank but it
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Emirates NBD Collaborates With Microsoft on Sustainability, Web 3.0
UAE banking group Emirates NBD and Microsoft announced that they will collaborate on areas such as the hybrid workplace, low code, Web 3.0, sustainability, and employee wellbeing. The announcement, which was made at GITEX Global 2022, follows the bank’s recent
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