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Egypt Fintech Startup Ecosystem Expands Fivefold
Between 2017 and 2022, the number of fintech companies in Egypt increased by 5.5 times, soaring from a mere 32 players five years ago to now 177. This rapidly expanding ecosystem is arising on the back of soaring demand for
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Israel Maintains Startup Leadership Position Across Middle East, Africa
For the fourth year in a row, Israel is being recognized as the largest and most advanced startup hub in the Middle East and Africa (MEA) region, commended for its large startup ecosystem, dynamic funding market and outstanding culture of
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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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Fintechs and Banks Unite for Innovation at DIFC’s Dubai Fintech Summit Dialogues
Dubai International Financial Centre (DIFC) hosted recently the second Dubai FinTech Summit (DFS) Dialogues powered by the Innovation Hub. Heads of 10 leading regional banks and FinTechs were invited to unpack the challenges facing the financial sector and deliberate on
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23 Fintech Events in the Middle East to Attend in 2023
The fintech industry in the Middle East and North Africa (MENA) region has grown considerably over the past couple of years, driven by supportive government initiatives, a demographic which offers huge opportunities and booming venture capital (VC) funding activity. Amid
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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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Saudi Arabia: Fintech Momentum to Continue in 2023 Driven by Open Banking and Digital Banking
In Saudi Arabia, the fintech industry has risen significantly over the past year, a growth that’s evidenced by accelerated new business creation and soaring investment activity. In 2023, the momentum is expected to continue, building on new regulations, supportive initiatives
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Invest Bank Moves to the Cloud With Temenos and Ndctech
UAE commercial bank Invest Bank has selected Swiss banktech company Temenos to take its digital and core banking services to the cloud, in partnership with IT service provider NdcTech. Invest Bank will adopt an end-to-end retail and wholesale banking solution
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6 Fast-Growing Fintechs from Saudi to Keep a Close Eye on
These past few years have seen Saudi Arabia’s fintech sector gaining strong momentum, a growth that’s been fueled by favorable market conditions, the country’s dynamic startup ecosystem and booming funding activity. Between 2020 and 2021, the number of fintech companies
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Top 14 Most Well-Funded Fintech Startups in MENA
Forbes Middle East has released its annual ranking of the Top 50 Most-Funded Startups in the Middle East and North African (MENA) region. Out of these 50 companies, 14 are fintech firms, making the sector the most represented one across
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