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Bank of ABC Becomes The First Bank in the Middle East to Employ Digital KYC Functionality

Jumio a nnounced a partnership with Bank ABC.  The partnership enables Bank ABC’s new mobile-only bank to compliantly onboard new individual customers using Jumio’s biometric-based identity verification solution. Based in Bahrain, Bank ABC currently serves customers on five continents, covering

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Robo-Advisors Ripe For Prime Time In The UAE

The digital financial advisory industry is destined for strong growth in the United Arab Emirates (UAE), and while business-to-consumer (B2C) solutions are rapidly gaining traction from the public, business-to-business (B2B) robo-advisor providers are emerging as key enablers for banks and

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Payfort Partnership with Government of Ajman to Provide Payment Facilities via AjmanPay

PAYFORT, an Amazon company, today announced a partnership agreement with the Government of Ajman, aimed at enhancing and extending the payment options currently offered by the emirate’s unified smart payment gateway, AjmanPay. The partnership will pave the way for a

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ADGM Announces New Initiatives For Fintech Startups

In conjunction with the FinTech Abu Dhabi Festival 2019,  Abu Dhabi Global Markets (ADGM) announced that they will be launching their inaugural “FinTech 50” and the 3rd edition of their “Innovation Challenge” Up to 12 finalists from the Fintech 50

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Africa and the Middle East, the Next Battleground for E-Commerce Companies

E-commerce in Africa and the Middle East is poised for growth. Thanks to a combination of fast-growing developing markets, highly affluent, connected, yet underserved mature markets, and growing Internet and smartphone penetration, according to PPRO Financial’s Payments & E-commerce Report

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Saudi Arabia: 18 Companies Join Fintech Regulatory Sandbox

The Saudi Arabian Monetary Authority (SAMA) has selected 18 companies to form the second batch of ventures to join its fintech regulatory sandbox. The companies will be testing fintech solutions they intend to launch in the country. The 18 companies

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10 Fintech Startup Funds and Support Programs in the UAE

The United Arab Emirates (UAE) has been working towards becoming one of the world’s top ten innovation leaders by 2021. Earlier this year, the UAE government announced that it would provide long-term visas to founders and owners of tech startups

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Mastercard Partners with Bahrain FinTech Bay to Foster Fintech Innovation in the Kingdom

Mastercard announced a partnership with Bahrain FinTech Bay in their effort to support the development of Bahrain’s fintech industry. Through the partnership, Mastercard and Bahrain FinTech Bay will work together to offer Bahraini startups and SMEs with educative and commercial

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Meet the 10 Fintechs Selected Startupbootcamp’s First Ever Cairo Cohort

Egypt’s multi-partner backed FinTech accelerator program Startupbootcamp-Pride FinTech Cairo holds its first Demo Day to present 10 graduating startups to investors, industry experts and entrepreneurship ecosystem stakeholders on the 22nd of May. The maiden programme was first announced officially in

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Abu Dhabi Islamic Bank Joins Trade Finance e-Marketplace

Abu Dhabi Islamic Bank announced that it signed on to be part of TradeAssets, a trade finance e-marketplace headquartered in UAE. By being part of this fintech platform Abu Dhabi Islamic Bank will be able to use TradeAsset to automate

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