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National Bank of Bahrain Offers Open Banking Solutions

National Bank of Bahrain (NBB) has set a significant benchmark in the region’s financial sector by becoming the first Bank in Bahrain and the Middle East and North Africa to launch Open Banking solutions. The Bank’s new ‘Aggregator’ service was

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South Africa’ Digital Only Bank Tyme Welcomes its 1 Millionth Customer in only 10 Months

TymeGlobal is proud to announce that its first Tyme-powered digital bank — TymeBank in South Africa — has opened bank accounts for 1 million customers in its first 10 months of operations, a landmark achievement placing Tyme squarely as a

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Bankable Opens Middle East & Africa Hub in Dubai

Bankable, the global provider of “Banking as a Service” solutions, and Visa today announced a strategic collaboration within the Central and Eastern Europe, Middle East and Africa (CEMEA) region. Bankable aims to work with Visa to accelerate the digital capabilities

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Dubai Welcomes Global Payments Pioneer WorldFirst

Dubai International Financial Centre (DIFC) informed that WorldFirst comes to Dubai. UK headquartered WorldFirst was acquired by Ant Financial, the financial technology arm of Alibaba Group Holding Limited in February 2019. The expansion to Dubai with a representative office in

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MENA’s Only Regulated Real Estate Crowdfunding Investments Platform Launches

SmartCrowd Limited, a Dubai-based company and MENA’s first financially regulated real estate investments platform (REIP) has announced that the company has fulfilled all regulatory requirements and acquired a full license from the Dubai Financial Services Authority (DFSA), the independent regulator

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Dubai Just Launched a Virtual Company License. And It Costs US$233

Dubai has just launched the Dubai Virtual Commercial City (VCC), a program which enables entrepreneurs and freelancers who do not reside in the United Arab Emirates (UAE) to start a virtual company registered in Dubai. As part of the program,

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3 Must-Attend Upcoming Fintech Events in Saudi Arabia

2018 was a key year for Saudi Arabia’s fintech sector as the government began to actively support the development of a healthy and vibrant fintech ecosystem. 2018 was marked by several milestones in the Saudi fintech landscape, with the launch

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Regtech Still Nascent in the Middle East

Regtech is still a nascent niche segment within the Middle East’s fintech industry, though governments across the region are pushing for greater use of technology to enhance regulatory processes. The United Arab Emirates (UAE), the region’s leader in all-things fintech,

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Huobi’s Expansion Brings Crypto Trading Solutions to UAE

According to reports, 5.2% of the UAE population holds some form of cryptocurrencies, indicating a growing interest among people to invest in digital assets. Encouraging Huobi, one of the largest digital assets exchange provider to expand its presence in the

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The Winners of the Citi MENA Fintech Challenge

Citi announced the winners of the MENA Fintech Challenge. Fawry, PaySky, Octet and Wipro Limited and Traydstream.The Citi MENA Fintech Challenge offered the region’s Fintech community the opportunity to put their ideas into practice and come up with innovative solutions

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