The International Finance Corporation (IFC) has launched a new US$225 million venture capital platform to invest in early stage companies…
Month: November 2022
Saudi British Bank (SABB) has partnered with Visa’s Cybersource to enhance its payment solutions and network uptime, and supplement the…
Insurance broker CFS DIFC has secured a license from the Dubai Financial Services Authority (DFSA) to advise on financial products…
In the Gulf Cooperation Council (GCC), the open banking phenomenon is evolving at a rapid pace. Across the region, regulators…
Historically, the United Arab Emirates has seen significantly less financial innovation than the west. In part because most of the…
Emirates NBD has expanded its portfolio in the payments space with the launch of Emirates NBD Pay. Launched in collaboration…
UAE venture capital firm AUM Ventures has launched its first US$30 million fund that aims to invest in early and…
Private equity firm Gulf Capital has opened its new global headquarters in the Abu Dhabi Global Market (ADGM) and obtained…
UK business payments platform Berg announced that it will be introducing its multi-currency and cross-border transaction services to SMEs in…
The Saudi Central Bank (SAMA) has granted a payment license to Riyadh-based money app Tweeq to provide e-wallet services, bringing…
Hex Trust, a digital asset custodian licensed in Hong Kong and Singapore, has received a Minimum Viable Product (MVP) license…
In Saudi Arabia, the fintech industry has risen significantly over the past year, a growth that’s evidenced by accelerated new…
Swiss digital asset bank Sygnum has received in-principle approval from the Abu Dhabi Global Market’s (ADGM) Financial Services Regulatory Authority…
Saudi purchase order financing platform Ta3meed has selected Moneythor’s personal finance management and loyalty solutions to enhance its platform with…
Insurtech CoverGo announced that it is expanding to the Middle East in partnership with insurtech fund Noria Capital following its…
Crypto custodian Komainu has received a minimal viable product (MVP) licence from Dubai’s Virtual Assets Regulatory Authority (VARA), following its…
UAE spend management platform Qashio has raised US$10 million in equity and non-equity seed funding in a round led by…
Visa announced that it will pilot payment innovations such as instantly-issued prepaid cards and facial biometric payments at the upcoming…
Canadian open banking solutions provider Salt Edge is expanding to Saudi Arabia to enable financial institutions to share their transactional…
Kuwaiti open banking platform Spare has partnered with Bahraini payment services provider EazyPay to enable Spare merchants in Bahrain to…