Archive
Online Identity Verification – Regulatory Compliance vs User Experience
Online identity verification for financial services is quickly becoming the standard across all continents and countries. Financial services companies that want to become trustworthy and reputable must combine tech-based security with excellent user experience. However, this is not without its
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Israeli Challenger Bank First Digital Bank Raises US$120m Series A
AI-based Israeli digital bank First Digital Bank has secured US$120 million in a Series A equity round. The 2019-founded digital bank raised the funds from investors including the Swiss wealth management group Julius Baer, the Japanese financial conglomerate SBI and
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Top Payment and Ecommerce Trends in the Middle East
The payment and ecommerce revolution has been a bit delayed in the Middle East, compared to tech hotspots in the US or Asia, but it is here nonetheless. The MENA region’s ecommerce sector is one of the fastest growing across
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Rapyd to Set Up Base in Dubai Amid Staffing Crunch
Israeli payment solution provider and fintech unicorn Rapyd is opening an office in Dubai as it aims to resolve a talent shortage in Israel. The company is setting up shop in the emirate to attract international talent, and also started
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AMF’s Buna and Mastercard to Provide Interoperable Services Through MoU
The Arab Monetary Fund (AMF) and Mastercard have signed an MoU to allow for interoperability between Mastercard and Buna, the AMF’s cross-border multi-currency payment system. The partnership seeks to boost cross-border payments across the Arab region and international markets, according
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Crypto Exchange Binance Could Soon Set Up a Global Headquarters in Dubai
Global cryptocurrency exchange Binance is likely to soon sign an MoU with the Dubai government for crypto-related activities. The emirate is also in the run to become a location for Binance’s global headquarters, along with France, The Business Times reported.
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UAE’s Lnddo Partners With Mambu for Cloud-Native SME Solutions
UAE-based lending platform Lnddo has partnered with global SaaS cloud banking platform Mambu to develop a scalable digital lending solution for SMEs. According to a statement, Lnddo’s short-term working capital finance offerings will be enhanced with new features in the
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Watch Out for These 7 Homegrown Robo-Advisory Platforms in the Middle East
Robo-advisory platforms in the Middle East are quickly taking off, with a number of local players having recently joined the onrush. Robo-advisory platforms provide users with financial advice and portfolio management solutions through algorithms. These algorithms churn user data and
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Fintech Digest: South Africa Gears up for New Crypto Regulatory Framework
South Africa will be launching a new regulatory framework for cryptocurrencies in early 2022 (Bitcoin.com). The country’s Financial Sector Conduct Authority (FSCA) announced that it would be unveiling a crypto regulatory framework for the trading of crypto coins. “What we
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Arab Financial Services to Gain Capital Boost of US$98 Million
Digital payment solutions provider Arab Financial Services plans to raise US$98 million to boost revenue growth and strategic expansion. Shareholders of the company approved plans to increase the company’s authorised share capital to US$150 million, and its issued and paid-up
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