Predictive analytics firm Endor raises $45m in ICO
Israeli firm combines computing and MIT-developed proprietary social physics.
Israeli firm combines computing and MIT-developed proprietary social physics.
TCS says this is the “first of its nature deployment in the Middle East region”.
First Abu Dhabi Bank is “setting the standard for financial crime compliance in the Middle East”.
Riyad Bank has teamed up with Gemalto for Saudi Arabia’s first range of contactless payment wristbands.
Saradar Bank in a “big bang” go-live with new core banking tech.
System will be used for its fund and investment operations.
Path Solutions’ iMAL out, ITS’s Ethix core banking system in, at Al Jazeera Finance in Qatar.
KFHB has implemented a new online banking system, Ethix-Net, supplied by International Turnkey Systems (ITS).
Blue Prism integrates AI and automates dozens of processes across various business functions.
SAMA like it hot for blockchain-powered payments.
Lebanon-based Société Générale de Banque au Liban makes its choice.
From India via Israel to Finland – starring MoneyOnMobile, Tipalti and Zervant.
Finance House and Union National Bank sign up for flagship Xelerate platform.
Via the deal, UAE Exchange joins RippleNet, its enterprise blockchain network.
The breadth of NCR’s work with financial institutions and underbanked populations around the world.
BLC Bank has ousted Ambit Treasury Management in favour of BML Istisharat’s ICBS.
Abu Dhabi Global Market has started the development of an electronic know your customer utility.
FIME to develop a bespoke cloud-based testing platform and certification process.
An interesting place to be a bank or a fintech!
Currently available in Texas, California and Israel.
SunTec will facilitate in computing and invoicing of the new Value Added Tax (VAT) for SIB in the Gulf region.
Will use Xelerate solution for the management of the newly introduced Value Added Tax (VAT) regime.
Welcomes three new faces – investment service Wahed, BitArabia and online Bitcoin exchange Belfrics.
Swiss firm buys 100% of Innofis – a digital banking supplier for the Middle East.
The first bank in Jordan to introduce a chatbot service. It is currently in beta version.
The two companies will offer integrated, real-time fraud prevention solutions for e-commerce payments for merchants in MENA.
Informatics Services Corporation (ISC) invites bidders.
Will provide the basis for its core banking and reporting system.
Emirates NBD’s new chief digital officer is on the lookout for partnerships with fintechs.
Will bring the Swiss fintech’s anti-fraud solutions to FIs in the Middle East.
Israeli investment group Viola has tuned up nicely with an initial closing of $100 million toward a target of $120-$150 million for its new global fintech fund.
The Saudi Stock Exchange (Tadawul) has chosen Nasdaq to overhaul its post-trade technology infrastructure, which includes registry, depository and risk management technologies.
The agreement by Silicon Valley accelerator Plug and Play and Abu Dhabi Global Market (ADGM) is the latest sign that the hot MENA fintech sector is about to get a lot warmer, reports David Penn at Finovate (Banking Technology’s sister company). The new partnership calls for Plug and Play to open a new office in Abu Dhabi […]
With our newest conferences – FinovateAsia and FinovateMiddleEast – back-to-back, we wanted to examine unique trends to those regions, reports Julie Muhn at Finovate (Banking Technology’s sister company). Each place has its own distinctive culture, and with that comes not only individual financial needs, but also a particular set of regulatory rules. These factors not only create […]
Kamco, an investment company in Kuwait with $10.4 billion in assets under management (AUM), has selected Finastra’s Fusion Invest platform.
The Bahrain Economic Development Board (EDB) and FinTech Consortium (FTC) have launched Bahrain FinTech Bay (BFB), the “largest dedicated fintech hub in the Middle East and Africa”. The new hub aims to further the development and acceleration of firms as well as the interaction between investors, entrepreneurs, government bodies and financial institutions. BFB, with an […]
Bahrain-based BMB Investment Bank has opted to modernise its treasury operations with the TCS Bancs system from TCS Financial Solutions.
The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has set out its approach to initial coin offerings (ICOs) and virtual currencies under the Financial Services and Markets Regulations (FSMR). It cites the usual stuff that distributed ledger technology (DLT) has “extraordinarily wide application to financial services and markets as a whole” […]
Dubai-based Mashreq has confirmed its future as a branchless bank, with the launch of its digital entity Mashreq Neo. As reported in May, Mashreq was mulling the branchless route in a speech by CEO Abdul Aziz Al Ghurair at its 50th anniversary ceremony. At that time, Banking Technology expected this to be a digital bank […]
Abu Dhabi Investment Company (Invest AD) is implementing new treasury and asset management software from Calypso, front-to-back office.