Iraq

Jordan, Iraq, Egypt Central Banks Collaborate With Buna for Pension Payments

The central banks of Iraq, Jordan, and Egypt has leveraged Buna, a cross-border payment system operated by Arab Regional Payments Clearing and Settlement Organization (ARPCSO) owned by the Arab Monetary Fund, to make pension payouts easier. The initial phase will

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World Bank’s IFC Launches New Venture Capital Platform to Invest in Tech Startups

The International Finance Corporation (IFC) has launched a new US$225 million venture capital platform to invest in early stage companies in Africa, Middle East, Central Asia, and Pakistan. According to the IFC, these regions collectively received less than two percent

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Mosul Bank Selects CR2’s Bankworld to Accelerate Digital Banking Transformation in Iraq

Mosul Bank has selected CR2, one of the world’s leading software vendors in the digital banking and payments market, to accelerate its digital banking transformation strategy in the Iraqi market. This latest win for CR2 will see Mosul Bank offering

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Capital Bank Selects Codebase to Build New Digital Banks in Jordan and Iraq

Capital Bank Group has selected open API banking solutions provider Codebase Technologies to build and launch its first fully digital bank in Jordan and Iraq. The strategic partnership will enrich Capital Bank Group’s digital offering to its retail and corporate

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Iraq Underdeveloped Financial System Both A Challenge And An Opportunity For Fintech

With 11% of the population having a formal banking account, the lowest number of ATMs in the Middle East and Northern Africa (MENA), and a smartphone penetration of just 17%, the lowest in the region, Iraq is not what we

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