Bank Muamalat signs multi-year partnership with Google Cloud to boost digital transformation
The bank has tapped Google for solutions in cybersecurity, data, marketing and AI, among other areas.
News, intelligence and resources on the global fintech industry including topics such as islamic banking.
The bank has tapped Google for solutions in cybersecurity, data, marketing and AI, among other areas.
The partnership will focus on expanding Alexbank’s acquiring business and credit card base.
Raqami was granted in-principle approval to operate digital financial services in the country last year.
The bank has opted to leverage Temenos Transact and Temenos Infinity for its digital upgrade.
The UAE-based bank has integrated the vendor’s PS-PayHub platform.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
The bank will also utilise Azentio’s financial crime management and anti-money laundering (AML) system.
The bank expects to roll out a Sharia-complaint banking app within the next six months.
Tam offers a digital savings account, prepaid cards, student allowance management and local transfer services.
The PRA directed the bank last year to instate a CoP system by 31 October 2023.
The bank has been running on iMAL since 2010.
Ahmed played a pivotal role in the launch of ARBM’s digital banking offering Rize last year.
The new venture is described as a “digital leasing and lending platform”.
The Bahraini denominated card can be used to pay for transactions in both an in-store and online setting.
Phase one of the implementation project at Rammis Bank was completed in 30 days.
Paymentology’s technology has allowed the bank to offer cross-border transaction services “without high fees”.
The bank will deploy iGCB’s cloud-native CBX Retail (CBX-R) solution.
The new microfinance bank will implement the ICS Banks Islamic core banking system from ICSFS.
The integration allows banks to share standardised e-invoices with Saudi tax office Fatoora.
Hadhramout Commercial Bank (HCB) is a new universal bank in Yemen.
Al Rayan did not dispute the FCA’s findings and agreed to settle.
Path Solutions founder and CEO Mohammed Kateeb is to leave the firm after managing its sale to Azentio Software in 2021.
The ICS Banks Finance Leasing Solution is provided by regional banking tech vendor ICSFS.
Azentio says its iMAL platform will enable National Bonds to roll out Islamic products and services faster.
Moove intends to use the funding to scale to 2,000 EVs in the UAE over the coming year.
Rize offers a mobile banking app for Malaysian customers.
Niven was responsible for developing and executing the bank’s company-wide “digital vision”.
Two banks in Iraq and one in the UAE are implementing BML Istisharat’s ICBS core banking system.
The latest raise brings the fintech’s total funding to date to $216 million in equity and debt.
The start-up bank in Iraq has opted for core banking tech supplier ICS Financial Systems (ICSFS).
The firm will incorporate Kestrl’s personal financial management tools into Be U by the end of the year.
Al Sanam Islamic Bank is a newly-established Islamic bank in Iraq.
The fully cloud-native digital banking app aims to broaden financial inclusion in Malaysia.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The bank has received a restricted ADI licence from the APRA.
The Score Mastercard enables new-to-UK users to transact and build up their credit history.
LFC has also received a preliminary approval from Saudi Arabia’s regulator, SAMA.
The Series B round will support the start-up’s plans to launch an ethical neobank.
Ghazali is currently group CEO of Cradle Fund and has previously worked at RHB Investment Bank.
Ziraat Bank and a challenger bank will implement a broad range of Oracle FS tech.