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Middle East

Anglo-Gulf Trade Bank signs for Fenergo client lifecycle tech

UAE-based bank picks vendor to aid its onboarding processes.

Fintech funding round-up: UiPath, Narmi, Balance, GajiGesa, and more

The start of February has seen a whole host of funding rounds around the world.

PayKey integrates investment and loan services on mobile keyboards

Clients include Standard Chartered, UniCredit, HSBC and ING.

A look inside MENA investor Global Ventures’ fintech portfolio

Global Ventures’ portfolio covers payment acceptance, digital wallets, credit and trading.

NymCard raises $7.6m for Banking-as-a-Service in MENA

The Series A funding round brings NymCard’s total investment to $12 million to date.

Saudi start-up Hakbah raises $1.2m in seed funding

Hakbah aims to “modernise and ease” savings in Saudi Arabia.

Pyypl’s regulation-first approach to MENA starts to pay off

“The options today are mobile money or banks,” says CEO.

ADQ’s unnamed neobank nabs new CEO from Emirates NBD

Patel joins the upcoming challenger after leading Emirates NBD’s challenger Liv.

Dubai-based Bankiom promises “new way” to manage money

Banking app promises fast account setup and loan processing.

Saudi Arabia’s central bank plans open banking go-live for 2022

SAMA has already “collected the local financial market participants’ feedback”.

Mambu raises €110m to hit €1.7bn valuation

Cloud core banking vendor has raised over €150m since launch.

Arab Investment Bank picks fresh batch of Temenos solutions

Egypt-based bank adds to existing portfolio of Temenos products.

Israeli remittance fintech Rewire targets one million customers by end of 2021

Rewire currently boasts more than 200,000 European accounts.

Tamam to launch Saudi Arabia’s first digital microfinance service

Tanam give green light after 18 months of sandbox testing.

2020 in review: Top core banking stories

We run down the most interesting core banking stories from this year.

Photo by Marten Bjork on Unsplash

2020 review: 10 largest bank job cuts this year

This year has seen several job cut announcements.

2020 review: Top five cyberattacks this year

Cybercriminals haven’t stopped their activities in 2020.

eToro soars to $2.5bn valuation, tripling since 2018

Israel-based brokerage firm has also recruited 300 people this year.

Regulation 2.0: the AI tech revolution is here and now

How do we reimagine the regulatory framework?

Report: Digital KYB – a springboard to customer onboarding success

FinTech Futures’ latest in depth industry report on KYB, in partnership with DueDil.

Goldman’s former CIO becomes chairman of Israeli fintech The Floor

“I believe The Floor has transformative potential to impact the financial services industry.”

Western Union snaps up 15% stake in Saudi telco’s payments arm

Currently Western Union provides stc pay with money transfer services.

One of Turkey’s largest fintechs Papara gears up for expansion

It launched in 2016 and became cash flow positive in 2017.

Nasik Islamic Bank goes live with BML Istisharat core system

BML deployed the ICBS core platform in four months.

Report: Three key strategies for customer experience success

In-depth industry report on customer experience, featuring expert insights from Mettle, HSBC & Northwestern Mutual.

Santander launches money manager with Tel Aviv fintech Personetics

Santander claims its UK app has 4 million monthly active users at present.

Oracle gains new Flexcube deals in Middle East and Africa

Technology vendor signs a selection of new clients.

Bahrain’s Tarabut Gateway brings its open banking platform to UAE

Tarabut Gateway is also opening two new offices, one in Abu Dhabi, and one in Dubai.

FAB transfers legacy banking licence to ADQ

A number of legacy banks in Dubai have launched digital-only services this year.

Commercial Bank of Dubai serves ‘low-income’ customers with Now Money

“[We’re offering a] much more advanced and cost-effective alternative”.

Jordan Ahli Bank goes live on Temenos Infinity

The Jordanian bank is an existing user of Temenos’ core banking system.

Sibos 2020: Industry has widespread “dissatisfaction” with transaction monitoring

Costs, compliance and confusion need to be solved by new technology, says panel.

Sibos 2020: Banking Circle launches POBO and COBO payments transparency solutions

The solutions are available globally through Swift, Faster Payments, CHAPS, SEPA and local clearing.

Swift launches project for “brilliantly simple” SME cross-border payments

The messaging and infrastructure network makes next step in new strategy.

Webinar: What does the future hold for “traditional” banking models?

How banks can thrive amid uncertainty and increased competition.

Trio of UAE banks go live with klip digital wallet solution

Klip uses QR tech to enable contactless payments.

Destination public cloud

It is estimated that global public cloud revenues will grow by about 17% this year.

Barclays-backed Team8 launches fintech foundry with ex-Leumi CEO

The foundry’s first company will evaluate credit risk for ecommerce firms.

Emirates NBD deploys new payments hub with TCS Bancs

The UAE bank goes live on TCS Bancs after kicking off the project in 2019.

EXCLUSIVE: Oracle wins deals with Mashreq Bank and Desjardins

Oracle has also picked up a new deal in Bangladesh.

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