Posts From Fintechnews Middle East

Coinbase Asset Management Kicks Off Smart Contract Project Diamond in Abu Dhabi

Project Diamond, a smart contract-powered platform designed by seasoned asset managers for institutions to seamlessly create, buy, and sell digitally native assets, has launched with the execution of the first debt instrument on the platform, in preparation to enter the

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Saudi’s Debt Crowdfunding Marketplace Lendo Closes $28M Series B Funding

Lendo, a Saudi Arabia-based shariah-compliant debt crowdfunding marketplace, has raised SAR 105 million ($28 million) in Series B funding led by Sanabil Investments, a wholly-owned company by the Public Investment Fund PIF. The round saw participation from Shorooq Partners, AB

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Aramco and SBI Holdings Enter MoU for Digital Asset Collaboration

Aramco has entered into a Memorandum of Understanding (MoU) with SBI Holdings, a Japanese-based financial services company. The MoU outlines a potential business alliance between Aramco and SBI Holdings, aiming to explore collaboration in several key areas. These areas include digital assets,

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Fintech Funding in Jordan Accelerates

In Jordan, fintech is emerging as one of the top investment targets for investors, attracting US$26 million in funding between 2018 and 2022 or 10% of all startup investments during the period, a new report by Magnitt, a data platform

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Wio Bank Launches Mastercard Carbon Calculator

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

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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UAE’s 1 Trillion AED Goal In Sustainable Finance by 2030

Coinciding with the UAE’s hosting of COP28, the Central Bank of the United Arab Emirates (CBUAE), in cooperation with the COP28 Presidency, organised an event to facilitate global climate finance solutions and progress towards a sustainable future. During this global

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

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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The Status Quo of Open Finance in the Arab World

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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SGM Will Be Home of New USD30 Billion Altérra Climate Change Fund

Abu Dhabi Global Market (ADGM), one of the principal climate finance partners of COP28, announced it will be the home of the newly launched catalytic climate vehicle ALTÉRRA established by Lunate. It will be the world’s largest private climate investment

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