Archive
Backbase Partners With Bahrain Fintech Bay to Boost Digital Banking Adoption
Digital banking software provider Backbase and Bahrain Fintech Bay (BFB), a fintech hub in the Middle East and North Africa (MENA) region, has partnered to accelerate digital banking adoption in the region and offer new opportunities for key players in
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Wealth Today Summit Spotlights Rising Institutional Adoption of Crypto
The wealth and investment landscape has seen its fair share of changes over the last few years and new technologies have emerged as a powerful factor, the most significant being digital assets. As the ecosystem matures, it presents its share
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Digital ID Verification, Remote Document Signing to Become the Norm in Finance Sector
The pandemic has accelerated the growth of non-face-to-face interactions, forcing banks, merchants and others to swiftly deploy digital tools to accurately verify the identity of the person on the other end of a digital transaction. A 2021 study by advisory
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UAE Proptech Huspy Raises $37 Million in Series A
Huspy, the EMEA proptech startup, has announced a $37 million Series A funding round led by Sequoia Capital India to build the future of home buying across the region. Founders Fund and Fifth Wall made their Middle East investment debut
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Huobi Group Secures DIFC Innovation License From Dubai Regulator
Huobi Group, a global blockchain asset financial services provider, announced that it has secured a DIFC Innovation License in Dubai. This is a license for innovative technology companies in Dubai and provides benefits such as access to a thriving tech
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BNPL Emerges as New Favorite Payment Option in MENA-Pakistan
In the Middle East, North Africa and Pakistan (MENAP) region, exponential growth in the e-commerce market is fueling the rise of newer methods of paying, with buy now, pay later (BNPL) arrangements, in particular, emerging as the new favorite payment
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Mashreq Offers Fully Integrated Mobile IPO Subscription Service
Mashreq is the first bank to go live with its digital IPO subscription through its mobile application. The bank’s retail customers can now generate a National Investor number (NIN), open a brokerage account in Mashreq Securities and subscribe digitally to
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Revolut Has Now Expanded Its Footprint to Oman
Challenger bank Revolut announced that a streamlined version of its app is launching in Oman in the next couple of months. The Revolut app also launched in four other countries including Sri Lanka, Chile, Ecuador, and Azerbaijan. With the aim
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ADQ and Jordan’s Ministry of Digital Economy and Entrepreneurship Launch $100 Million Tech Fund
ADQ, an Abu Dhabi-based investment and holding company, announced the launch of a $100 million technology-focused venture capital fund with the Ministry of Digital Economy and Entrepreneurship (MoDEE) of Jordan, in the presence of His Excellency the Prime Minister of
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NymCard Increases Funding to $35M
NymCard – MENA-based Banking as-a-Service (BaaS) provider and card issuer has raised $22.5M in its latest Funding round. This will help it enable MENA-based FinTechs with the infrastructure required from BIN Sponsorship, Card Issuing, Program Management, Compliance, FX, and Treasury,
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