Kuwait’s central bank approves launch of new WAMD instant payments system
The system is facilitated by the K-Net national payment gateway under the supervision of the Central Bank of Kuwait.
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The system is facilitated by the K-Net national payment gateway under the supervision of the Central Bank of Kuwait.
Flexcube will be implemented at Mashreq’s international hubs in Hong Kong, the US and the UK.
The cuts are in response to “slower than expected revenue growth”.
Bonds join Revolut’s investment offering of ETFs, and US and EEA shares.
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Clearshift is to continue managing the division’s payment and compliance functions.
Emirates NBD plans to extend the service to all its 853 branches across the world.
Simon Thorn and Neil Barrable join the group as chief compliance officer and chief credit officer.
Network International is among the first acquirers to launch Jaywan with merchants in the UAE.
OAB says its customers will no longer need to write checks or manually manage bill payments.
Geidea has been selected to enhance the offering by integrating a merchant acquiring facility.
The bank claims to have migrated “over 200,000” customer accounts to the new cloud-based platform.
The successful upgrade has launched “a new chapter in banking at Arab National Bank”, says CIO Naif Alharbi.
Kuwait-based Burgan Bank will replace its legacy tech with the TCS Bancs integrated core banking system.
Koc Group has held a stake in the Istanbul-based full-service bank since 2005.
Agora will use the funding to “accelerate its expansion efforts” and further develop its product offerings.
Almutairi previously served as CTO at STC Pay for nearly five years.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Emirates NBD will implement Pine Labs’ Credit+ solution.
Thimsa will initially launch its payments platform in beta in the UAE and Bahrain.
Wink Pay offers an instant card issuance service for Visa prepaid virtual cards.
The deal has a total potential consideration of up to $27 million based on certain conditions.
The UAE central bank says it will be ready to offer open banking to “the majority of customers” this year.
Bank of Jordan, Corporate Private Investment and MedSecurities Investment implement the ICBS core banking platform.
The bank’s new digital capabilities are being powered by the open finance platform eMACH.ai.
The investment will be used to fuel Fortis’ planned expansion into the MENA region.
Keytom says it aims to help customers better manage their digital assets “in one convenient location”.
Bunce brings more than 30 years of experience in forex and online securities trading to his new role.
The challenger’s offering combines both digital Islamic banking services and physical community centres.
The approval by the Saudi Central Bank will see the company transition from STC Pay to STC Bank.
Zand’s CEO claims the move will enable “seamless deployment of digital assets, AI, and blockchain technologies.”
The OHB offers government-subsidised housing loans to low and middle income groups.
Banking-as-a-Service and Risk-as-a-Service have been cited as two “potential areas of collaboration”.
The bank is looking to expand its digital financial wellness offerings for its retail customers.
Cashee will provide a free banking app and a prepaid Visa card, issued by Arab National Bank (ANB).
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The partnership will focus on expanding Alexbank’s acquiring business and credit card base.
Fawran is due to launch in March and forms part of the bank’s Third Financial Sector strategy, announced last year.
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Raqami was granted in-principle approval to operate digital financial services in the country last year.