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Unlocking the Future of Consumer Lending with AI and Automation
With the ever-evolving landscape of financial technology, consumer lending has never been more accessible and efficient – in large part, due to fintech innovation. With a global consumer credit market size of US$11 billion, rapidly growing middle classes in emerging
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Report: 67% of UAE Crypto Transactions Driven by Institutional Investment
Chainalysis, the blockchain data platform, unveiled the Middle East and North Africa (MENA) findings of its 4th annual Geography of Cryptocurrency Report, providing comprehensive insight into the actual state of crypto markets and cryptocurrency utilisation across the world. This report
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Digital Banking Grows 52% in the Middle East
In the Middle East, traditional lenders and fintech startups are racing to launch digital banking offerings, viewing the market’s rapid adoption of mobile technology, economic growth and relatively low adoption of neobanking as a massive opportunity up for grab. About
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Singapore and MENA Companies Tap Bilateral Business Opportunities
Technology startups and investors from Singapore and Middle East and North Africa (MENA) nations are pursuing bilateral business opportunities and strengthening their ties through partnerships and financial participation. A new analysis by Magnitt, a startup data platform focusing on the
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Visa Appoints Tarek Abdalla as Chief Marketing Officer for CEMEA Region
Visa has appointed Tarek Abdalla as Senior Vice President and Chief Marketing Officer for Central and Eastern Europe, Middle East, and Africa (CEMEA), effective 2nd May onwards. Tarek will be based in Dubai and report to Frank Cooper III who
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Middle East and Africa Region Becomes Hotbed for Super-App Development
Across the Middle East and Africa (MEA) region, a range of digital offerings are emerging and growing rapidly, striving to tap into the growth of Internet and smartphone penetration, the shift to digital channels and the rise of e-commerce to
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2023’s Top 10 Fintech Companies in the Middle East
Fintech has grown steadily in the Middle East over the past few years, owing to government support, fintech-friendly regulations and favorable demographics characterized by a large population of young, tech-savvy and underbanked people. A dynamic funding landscape has also been
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Rise of Digital Payments in MENA Region: 2023 Digital Payment Trends
This article provides you with an overview of current and emerging digital payment trends in MENA region, along with interesting numbers backing up each of the trends. Digital payments in MENA region are developing at an accelerated pace, as well
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Top 15 Most Well-Funded Fintech Companies in Middle East
In 2022, technology startups in the Middle East and North Africa (MENA) region continued to attract funding, securing a total of US$1.8 billion in the first half of the year, a sum that represents a 46% year-over-year (YoY) increase, data
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Middle East Digital Banking Sector Growing at a 43% Annual Rate
Since 2012, the Middle Eastern digital banking market has experienced sustained growth, rising at a 43% compound annual growth rate (CAGR). Today, the region is home to 25 digital banks which serve a combined 25 million people, according to a
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