Archive
Commercial Bank of Dubai Launches Robo-Advisory Investment App With InvestSuite
The Commercial Bank of Dubai announced the launch of its CBD Investr app which offers a robo-advisory investment solution. Developed in partnership with InvestSuite, a wealthtech company based in Belgium, the investment app is powered by smart algorithms that actively
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Saudi Payments Unveils Instant Payments System Sarie With IBM and Mastercard
Saudi Payments, under the supervision of the Saudi Central Bank (SAMA) announced the launch of Saudi Arabia’s instant payments system ‘sarie’ in cooperation with IBM and Mastercard. ‘sarie’ now supports all Saudi banks across the Kingdom and is available for
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Saudi’s Buy Now Pay Later Platform Raises US$ 110 Million Led by Checkout.com
Tamara, a Saudi Buy Now, Pay Later (BNPL) platform announced the closing of its Series A funding round by raising US$ 110 million led by Checkout.com. The cash injection will be used by the company to scale its team, expand
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Blockchain-Based Digital Trade Platform UTC Goes Live With 7 UAE Banks
UAE Trade Connect (UTC), a new nationwide blockchain platform co-created by Etisalat Digital and seven UAE banks and Avanza Innovations and initially ideated by First Abu Dhabi Bank, has gone live. This platform invites all UAE banks and the supply
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Dubai Islamic Bank’s JV Partners Lulu for Contactless E-Wallet Payment Options
Digital Financial Services, a joint venture of Etisalat and Dubai Islamic Bank, has partnered with Lulu Group International to enable secure and contactless payment options for its eWallet customers. With this partnership, customers will be able to use their e-wallet
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Ajman Bank Taps Apple Pay to Secure Payments for Its Customers
Ajman Bank now enables its customers the option of paying with Apple Pay in a bid to offer a safer and more secure payment method. Customers simply hold their iPhone or Apple Watch near a payment terminal to make a
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Qatar and Malaysia’s Labuan Financial Centers Ink MoU to Strengthen Ties
The Qatar Financial Center Authority (QFC Authority) has signed a Memorandum of Understanding (MoU) with Malaysia’s Labuan International Business and Financial Center (IBFC). The MoU aims to develop long term cooperation and boost economic and financial sector ties between the
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Morocco Emerges as Third Largest Fintech Hub in the Arab World
Morocco is the third largest fintech hub in the Arab world, hosting 13% of all 400 active fintech solutions, or about 40 fintech solutions, according to a research by financial inclusion think tank Consultative Group to Assist the Poor (CGAP).
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Abu Dhabi Financial Regulator Sets up ADGM Authority
The Board of Abu Dhabi Global Market (ADGM), the international financial center in Abu Dhabi, has approved the establishment of the ADGM Authority. This newly constituted authority will be led by Mark Nicholas Cutis as its Chief Executive Officer, who
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Nigerian Core Banking Provider Appzone Secures US$10 Million Funding
Appzone, a Pan-African fintech software provider building proprietary solutions for the continent’s banking and payments industries, has announced the close of its US$ 10 million Series A round. The round was led by CardinalStone Capital Advisers with participation from V8
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