Archive
Mashreq Bank Launches Neopay
Mashreq Ban has completed the transition of its existing payments business into a new, wholly owned subsidiary, IDFAA Payment Services LLC, with a brand name NEOPAY, powered by Mashreq. NEOPAY, powered by Mashreq Bank, will leverage the latest technology and
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Saudi Central Bank Permits 3 New Open Banking Solution Provider Through Its Regulatory Sandbox
The Saudi Central Bank (SAMA) announced granting “Bwatech”, “Rabet”, and “Mala’a”, the permit to operate under its Regulatory Sandbox, bringing the total number of its permitted FinTech companies to 35. The announcement came during the Global Entrepreneurship Congress sponsored by
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Saudi Central Bank Licenses 3 New Payment Fintech Companies
The Saudi Central Bank (SAMA) announced the licensing of three new companies specialized in finance and electronic payments, during the Global Entrepreneurship Congress sponsored by His Royal Highness Mohammad bin Salman, the Crown Prince, Deputy Prime Minister and Minister of
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Crypto.com Announces Regional Hub in Dubai
Investopia and Crypto.com hosted the inaugural press conference to formally launch Crypto.com’s Founding Partnership. Following a Memorandum of Understanding (MoU) signing between Investopia and Crypto.com last week, the two organizations gathered to discuss how they will collaborate on meaningful projects
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Cryptocurrency Exchange Bybit Moves Global Headquarters to Dubai
Cryptocurrency exchange business Bybit has received in-principle approval to conduct a full spectrum of virtual assets business in Dubai, the firm announced today at a joint press conference with the UAE Ministry of Economy at the World Government Summit 2022.
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Funding to Israeli-Founded Fintech Startups Jumped 136% in 2021 to US$4.5B
2021 was a blockbuster year for Israeli-founded fintech startups, which continued to grow, mature and attract investors’ interest. In 2021, Israeli-founded fintech companies raised a new record of US$4.5 billion in 2021, surpassing the three previous years combined, a new
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Why We Should Eliminate Passwords as Passwordless Authentication Is the Future
The computer password has been around for more than 6 decades. The first password can be traced back to 1961 in Massachusetts when a computer at MIT was protected with a password for secure login. Incidentally, MIT’s time-sharing system was
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The 3 Largest National Egyptian Banks Launch $85 million Fintech MEA Fund
Egypt’s largest national banks – Banque Misr, National Bank of Egypt, and Banque du Caire – and Global Ventures, a leading MEA-focused venture capital firm – announce the launch of Nclude by Global Ventures, following approval by the Central Bank
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Funding Momentum to Continue in Pakistan Fintech Sector
2021 was a blockbuster year for Pakistani startups, which raised a total of US$352 million, data from Invest2Innovate, a local consultancy firm, shows. Out of that sum, 27% was raised by fintech startups, or US$95 million (excluding Bazaar’s combined US$36.5
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Egypt Largest Fintech Round? Lucky Announces $25 Million Fund Raise
Lucky, Egypt’s leading app for credit products, offers and cashback rewards, announces its completion of a $25 million fund raise. The funding round, which claims to be Egypt’s largest Fintech Series A round so far, was led by Nclude by
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