Saudi Arabia
Saudi’s Capital Market Authority FinTech ExPermit Batch Applications Are Closing Soon
In a bid to promote fintech innovation in the capital market, the Capital Market Authority (CMA) is accepting applications for the second batch for the Financial Technology Experimental Permit (FinTech ExPermit) that is closing soon—on the 15th of December 2018. The FinTech
Read More
New Report Examines Saudi Arabia’s Digital Government Ambitions
As digital transformation continues to play a fundamental role in shaping the way governments across the world adapt to new opportunities and challenges, International Data Corporation (IDC) has published an in-depth analysis to spur debate, share data, highlight best practices,
Read More
Saudi Arabia Sovereign Fund Puts a Further US$45 Bil into Japan’s SoftBank
Saudi Arabia’s fledgling sovereign fund is putting in a further US$45 billion into Matsumoto Son’s famed Softbank, which in turn holds known technology companies like Alibaba, Sprint, Uber, Didi Chuxing, WeWork, Nvidia, and many others. This money follows a previous
Read More
Saudi’s Oldest Bank Embraces Ripple’s Blockchain
Following Ripple’s recent pilot with the Saudi Arabian Monetary Authority, the National Commercial Bank (NCB) has joined RippleNet. NCB was the first bank established in the country; today, it’s one of the largest financial institutions in the Middle East with more than 5.4
Read More
Middle East: Where To Stay At While Attending these 7 Fintech Events
Whether you’ve registered your for these upcoming fintech events, or are still considering whether to attend, booking your accommodation early is always advisable in order to ensure a hassle-free trip. Here are some of the closest hotels to the conference venues;
Read More
SAP: Saudi Arabia Ranks as Top Digital Banking Market in Middle East and North Africa
As Saudi banks digitally transform, the Kingdom ranks as the top digital banking market in the Middle East and North Africa, with more than three-quarters of banking customers using online or mobile apps, industry experts announced today. In a recent
Read More
Mastercard and mada Partner to Enable Online Payment Transactions in Saudi Arabia
mada, Saudi Arabia’s domestic payment network, and Mastercard announced the launch of a joint partnership initiative to enable online payments using Mastercard’s Payment Gateway Services technology. Furthermore, all local online merchants will be enabled to accept mada cards as a
Read More
Ripple and Saudi Arabian Monetary Authority (SAMA) Offer Pilot Program for Saudi Banks
The Saudi Arabian Monetary Authority (SAMA) — the central bank for the Kingdom of Saudi Arabia (KSA) — has signed an agreement with Ripple to help banks in the KSA improve their payments infrastructure using xCurrent. This ground-breaking pilot program is the first
Read More
ICT Experts To Explore Saudi Arabia’s Digital Transformation Landscape
International Data Corporation’s annual IT Forum roadshow continues to grow from strength to strength, with the global technology events, research, and consulting firm preparing to host two editions in Saudi Arabia next month. Running under the theme ‘Innovate, Disrupt, and
Read More
Saudi Arabia and Japans SoftBank Launch Worlds Largest Tech Fund
An investment group that includes Japan’s SoftBank and Saudi Arabia’s main sovereign wealth fund, has announced a major close with over US$93 billion of committed capital for the tech-focused SoftBank Vision Fund. SoftBank Vision Fund Announces First Major Close, via SoftBank Group
Read More