AlRayan Bank embarks on core banking tech overhaul with Finastra
AlRayan Bank, based in Qatar, is upgrading its core banking software to Finastra Essence.
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AlRayan Bank, based in Qatar, is upgrading its core banking software to Finastra Essence.
The fintech says that the financing “positions Tabby strongly as it prepares for its upcoming IPO”.
ADIB has become the first bank in the GCC region to deploy Swift’s Alliance Cloud platform.
The Bengaluru-based company counts major Indian firms like BigBasket, Cred, and Zoomcar as clients.
STC has been operating in its pilot phase since first being approved by SAMA back in April.
Since 2019, Lendo claims it has facilitated over $667 million in financing across 5,000 transactions.
IDB Bank will now use cognitive AI capabilities to monitor fraudulent transactions.
Vyne writes on its website that it will cease all UK operations on 22 April 2025.
Fintech Galaxy has also raised a $9 million investment to further develop its Finx Connect platform.
The transformation plan will see the pair devise a new single platform for LuLu’s financial operations.
Paymob’s UAE licence adds to its existing authorisations in Egypt, Saudi Arabia, Pakistan and Oman.
Al Awadhi first joined the bank as deputy CEO in May last year.
Google Pay is set to launch through the Saudi payments network mada.
Alterya’s technology and team will now be integrated into Chainalysis’ blockchain data platform.
The Karachi-headquartered commercial bank will also join Jingle Pay’s board as part of the purchase.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Dgpays and Arcapita formed a consortium to acquire the majority stake in Neopay.
Markaz will enhance its client experience using Objectway’s front-end wealth management platform.
Backbase says the app is designed to “enhance digital experiences while staying true to Sharia-compliant principles”.
Mashreq claims to be the first company to launch pilot operations as digital retail bank in Pakistan.
The CBO says open banking will give consumers “greater control over their financial data”.
Qi Card claims to be the “leading electronic payment system in Iraq” with 11 million cardholders.
The funds have been allocated to support Justt’s expansion into LATAM and APAC.
The raises comprises both equity and debt from Further Ventures, Kilgour Williams Capital and Berkley Square.
The bank has selected Broadridge’s Securities Finance and Collateral Management solution.
Quantix says the financing is “among the largest provided to a UAE fintech company to date”.
Orion, based in Abu Dhabi, is Crypto.com’s fourth acquisition in three months.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Reem Finance’s new digital community bank will utilise Temenos’ core banking, payments, and data analytics tech.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
The deal will enable National Bank of Fujairah to offer Network’s digital payment solutions to its corporate clients.
The offering has been available in Asia for over a year with the launch of Olive Card in Japan.
The partnership seeks to “accelerate the applications of generative AI, blockchain and payment technology”.
The new round of funding follows Lean’s $33 million Series A in 2022.
Cao details the best strategies for digital amid a “highly challenging time” for the global banking industry.
The collaboration follows CBI’s MoU with Abu Dhabi-based digital assets infrastructure platform Fuze in February.
Standard Chartered intends to connect with Wise’s infrastructure “over the coming quarters”.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Hosts Dave and Dharmesh speak with four financial services leaders at this year’s GITEX Global event in Dubai.
Dubai shows that having a compelling vision and purpose from the very top is key to transformation.