Loan Financing Company turns to ICSFS for core banking tech
LFC has also received a preliminary approval from Saudi Arabia’s regulator, SAMA.
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.
The bank will integrate Moneythor’s personal financial management features.
Guy has 36 years’ worth of experience across banking and financial services.
Al Rajhi Bank Jordan selected ICS Banks from ICS Financial Systems following an international tender.
Oracle’s partner JMR Infotech worked on the implementation at Waafi Bank.
Gatehouse Bank has appointed Strategy&, PwC’s global strategy consulting business, as its adviser.
Our weekly fintech round-up for you to get the latest funding news.
It is understood the new tech will replace the legacy Equation system from Temenos’ rival, Finastra.
ARBM plans to launch its new digital bank this year.
Daman Islamic Bank (DIB) and Mediterranean Bank have signed for the Flexcube core banking system.
The Iraqi bank has selected the ICS Banks Islamic core banking system.
Aladin Bank, an Islamic bank in Indonesia, has announced a “strategic collaboration” with Google Cloud.
ARBM will deploy the Vault core banking solution to deliver Shariah-compliant banking products.
KAF will use Temenos Banking Services for retail loans and Islamic financing.
Ethiopia-based Siinqee Bank has signed for the Flexcube core banking system from Oracle FS.
New Saudi Arabian fintech aims to help SMEs with their growth.
The bank will utilise Path Solutions’ iMAL core banking platform.
Singapore company, spun out of 3i Infotech, plans end-to-end platform with new assets.
Addis International Bank, Arab Commercial Bank, and OmniBSIC Bank are the new Flexcube takers.
The new challenger is a subsidiary of Kuwait-based Boubyan Bank.
Jordanian bank replacing legacy system with cloud deployment.
Ahmed Albalooshi leaves the Bahraini bank after more than a decade leading its IT operations.
Temenos wins another customer in Pakistan, NdcTech to implement.
ZamZam Bank has selected Flexcube to run its core banking ops.
Mastercard partners with FinGo following Visa’s deal with ADIB.
New system selection hot on the heels of Trustbank at the start of the month.
UAE-based bank seeks to capitalise on customers paying digitally.
The bank claims to be the first in Uzbekistan to offer new Islamic services.
Mobiquity will provide strategy, design and engineering services for digital banking.
Bank of Abyssinia has over 4.6 million customers and 580+ branches and Islamic windows.
The bank was looking for “a proven banking solution to be implemented by a reliable vendor”.
The bank is an existing user of Temenos’ core banking platform.
Former Rizq founder sets up new Islamic wallet app.
Singapore-based Volopay and Malaysia-based Microleap have raised $2.1 million and $3.3 million, respectively.
Upcoming Islamic bank picks Oracle FS to furnish its core operations.
UK’s Islamic finance sector welcomes ALF announcement from central bank.
The central bank will run tests in early 2021.