Year End Message to Our Readers – Offline From 23rd December to the 2nd January

Fintech News Middle East would like to take this opportunity to wish all our readers a Merry Christmas and a very Happy New Year. We will be taking a break from the 23rd December 2021 to the 2nd January 2022.

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Arab National Bank to Build Open Hybrid Cloud Capabilities With Red Hat

Saudi Arabia-based Arab National Bank has signed on US-based open source solutions provider Red Hat, Inc., for the latter’s open hybrid cloud technologies. Arab National Bank will be looking to boost its capabilities in digital banking, open finance and customer

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Here Are the Key Findings From OneSpan’s Global Financial Regulations Report

OneSpan recently released its second annual Global Financial Regulations Report, that outlines major developments in the regulatory landscape. In conjunction with comprehensive research into how the changing regulatory landscape is impacting the banking community, this year’s report also reveals how

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Dubai World Trade Centre to Start Regulating Crypto and Virtual Assets

The Dubai World Trade Centre (DWTC) has announced that it will be working as a comprehensive zone and regulator for virtual assets and crypto, including digital assets, products, operators and exchanges. The DWTC will be designing a comprehensive ecosystem for

Read More Records 75% Annual Growth Across MENA Region

Global payment gateway solutions provider saw “record-breaking payment processing growth” this year. posted an increase of nearly 75% year-over-year in payment processing volumes for the region in December this year, according to a statement by the company. The

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Saudi Arabia Startups See Best Ever Funding Quarter in Q3

Saudi Arabia startups raised US$205 million across 34 deals in Q3, their best ever quarter in terms of funding, according to a new report. VC funding for Saudi Arabia startups grew over 4x in the quarter, compared to the same

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Tutuka, Paymentology Merge to Form New Payments and Card Processing Powerhouse

Issuer processors Paymentology and Tutuka announced that both entities are merging to create a new payments and card processing powerhouse. Operating under the Paymentology name, the merger creates a new force in payment solutions which gives banks and fintechs the

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Fintech Digest: Mubadala Remains Optimistic About Crypto Investments

Abu Dhabi’s sovereign wealth fund Mubadala has made investments in the crypto ecosystem amidst its growing value, Reuters reported. “This is a business that had, what $200 billion worth of crypto value two years ago, and it’s two and a

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Pakistan’s Digital Ledger CreditBook Picks Up US$11m From Tiger Global and Others

Pakistan-based digital bookkeeping solution CreditBook has raised US$11 million in a pre-Series A round. The round was led by Tiger Global and Firstminute Capital, and marks the first investment in Pakistan for both firms. Participating investors included VentureSouq, Ratio Ventures

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These 4 Startups Are Powering Open Banking in the Middle East

Open banking is one of the top fintech trends to have swept the Middle East. The opportunity for open banking in the Middle East is in integrating financial services with technology in a region that boasts some of the highest

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