Archive

SINNAD Launches Tokenised Mobile Payments for Bahrain Banks

SINNAD has teamed up with Compass Plus to enable its customer banks to offer secure and tokenised mobile payments through BenefitPay, the country’s national electronic wallet payment system. As part of the project, SINNAD certified its processing center, built on

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Open Banking Platform Tarabut Launches in Abu Dhabi and Dubai

Bahrain-based Tarabut Gateway has expanded to the United Arab Emirates with the launch of its open banking platform in the country. The company has simultaneously opened two new offices at Abu Dhabi’s global tech ecosystem, Hub71 and Dubai’s DIFC FinTech

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Islamic Development Bank and Standard Chartered to Support SMEs With COVID-19 Stimulus Packages

Standard Chartered Bank (SCB) will participate in Islamic Development Bank’s (IsDB) Restore Track Program aimed at supporting IsDB’s member countries’ SMEs through stimulus packages. IsDB President Dr. Bandar Hajjar and M. Sunil Kaushal, CEO for Africa and Middle East, SCB

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FinHub 973: Central Bank of Bahrain Launches a Digital Fintech Lab

The Central Bank of Bahrain has announced the launch of FinHub 973, a digital fintech lab in the region. The platform was launched in cooperation with the Bahrain Economic Development Board, Bank ABC, ila Bank, BENEFIT, National Bank of Bahrain

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Commercial Bank of Dubai Partners with NOW Money to Target Low-Income Customers

Commercial Bank of Dubai (CBD) has signed an agreement with NOW Money, a digital account service, to provide accounts and cards targeted specifically at low-income customers. NOW Money will open accounts for existing CBD low-income customers (previously known as Rateb

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BIOS Middle East Taps VMware for UAE and Saudi Customers

BIOS Middle East, provider of cloud and managed IT services for enterprises, announced that it will offer VMware’s SD-WAN to customers in the UAE and Saudi Arabia. BIOS said it would be the first cloud provider to launch VMware SD-WAN

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Middle East Sees Booming Fintech Ecosystem Though Challenges Remain

Though still in early stage, the Middle East’s fintech sector is rapidly growing, fueled by a young demographic eager to adopt new digital solutions, low penetration of formal banking channels, and the region’s governments push for fintech adoption, says a

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HPD LendScape, Emirates Development Bank Unveil National Supply Chain Finance Platform

HPD LendScape, a lending platform vendor, has partnered with Emirates Development Bank (EDB) to launch UAE’s National Supply Chain Finance (SCF) platform. This gives UAE businesses improved access to working capital, particularly as they cope with the added pressures of

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Qatar Fintech Hub’s Incubator and Accelerator Announces Shortlisted Startups

The Qatar FinTech Hub (QFTH), co-founded by Qatar Development Bank (QDB) has announced the final list of successful fintechs set to join Wave-1 of its incubator and accelerator programmes. Both programmes are set to start on October 14 and will

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Abu Dhabi Global Market Appoints New CEO

Abu Dhabi Global Market (ADGM) announced that Emmanuel Givanakis, will take on the new position as Chief Executive Officer of ADGM’s Financial Services Regulatory Authority (FSRA) in April 2021. Mr. Givanakis, said to be a key driver in the establishment

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