HPS to provide QR-based payments system in Saudi Arabia
Payments firm tapped up by Saudi Arabia’s Monetary Authority.
Middle East
Poland’s digital banking provider Efigence talks private over public cloud
“Banks don’t want to invest in infrastructure when they don’t need it,” says CTO.
WeChat Pay boosts UAE footprint with Network International
Network International partners now able to connect to WeChat Pay.
Sohar International nabs Nordea’s ex-chief digital officer
The banking exec joins the Omani bank at time when profits are looking up.
Standard Chartered commits $75bn to sustainable development
Infrastructure projects to get $40bn, whilst renewable energy and clean tech to get $35bn.
Aafaq Islamic Finance goes live on Infosys Finacle
UAE institution revamps payments, core, and Islamic functions.
Report: The digital drive to replace the passport in financial services
FinTech Futures publishes its latest industry report, on digital identity and fraud.
National Bank of Yemen goes live on ICSFS core system
Project has been in the works since 2012.
Moven and STC Pay plan challenger bank in Saudi Arabia
Moven founder announces new bank on social media.
Gulf Bank signs up to Instimatch network
Kuwaiti bank looks to improve its treasury ops.
Video: Top fintech stories this week – 03 February 2020
FinTech Future’s weekly news round-up.
Rewire CEO: We want to be the financial marketplace for migrants
Traditionally, migrants have struggled to find a one stop shop for their finances.
BIS fintech report: More harmonised standards and less TPP reliance
BIS has published a cross-country review on the fintech regulatory landscape.
EXCLUSIVE: TCS to power Israeli digital bank with debut platform offering
Unnamed new challenger will use TCS for its entire tech stack.
Bank-backed blockchain trade platform Contour launches in Singapore
Contour is built on R3’s Corda platform.
Rise of the machines: AI and machine learning in financial services
FinTech Futures launches its first industry report for 2020. Download it today!
Dubai-based challenger OG Bank selects Bankable to tap UK and Germany
The bank says ‘OG’ stands for ‘on the go’.
Oman’s largest port signs deal with IBM’s blockchain platform TradeLens
The port wants to undergo a “digital transformation in its day to day operation”.
Emirates NBD completes third phase of its core banking systems upgrade
The project sees the roll-out of the new core banking system for Emirates NBD Saudi Arabia.
Qatar International Islamic Bank picks IBM for fraud prevention
QIIB selects Big Blue for its mobile and online banking channels.
Challenger banks in the Middle East
Featuring challenger banks in the UAE, Bahrain, Saudi Arabia and Israel.
Banking’s biggest core go-lives in 2019
Always exciting, sometimes terrifying, here are the biggest ‘go-lives’ in core banking 2019.
2019’s top core banking deals
The core deals which made waves this year, summarised just for you.
National Bank of Fujairah preps SME banking platform
UAE bank aims to tap into country’s deep SME market.
Finovate: fraud prevention, cybersecurity and regtech
The eMagazine features unique insights from the FinovateAsia and Middle East shows.
How to choose the right jurisdiction for opening a company
Brigewest explores how the Middle East has become an attractive region for businesses.
Findexable report: London bests other European fintech hubs despite Brexit
San Francisco secured the top spot – up from eleventh place last year.
National Bank of Kuwait replaces its legacy systems with Murex’s MX.3
It will become NBK’s choice for trading, bookkeeping, risk management and more.
Start-up Saga launches stabilised SGA token with major bank and exchange advisors
JP Morgan Chase’s chairman and former deputy attorney-general of Israel are on the board.
The 20th Banking Technology Awards winners have been announced
It was a brilliant celebration of excellence and innovation in the banking industry.
Emirates NBD slashes 400 staff to cut costs
Dubai-based bank has been on a technology tear of late.
Dubai regulators sign fintech agreement with Luxembourg commission
The two countries build on a previous deal inked in 2007.
Bank ABC launches digital challenger ila Bank in Bahrain
Less than two years ago Bank ABC promised to “transform banking”.
Capital market disruptor Capitolis raises $40m in Series B
Investors see the fintech in a position “to transform a whole industry”.
Village Capital and MetLife Foundation selects 11 start-ups for MENA accelerator programme
Finalists from this cohort will receive grant capital totalling $50,000.
Clearing the liquidity fog in 300 milliseconds
FinTech Futures speaks to CEO and founder of RTGS.global, Nick Ogden.
New interest-free credit service Postpay launched in Dubai
The service aims to counter the cash on delivery culture.
Digital banking 2019: top opportunities and cornerstones in IT product development
People want nothing but financial flexibility and convenience when it comes to money management.
Israel’s anti-fraud fintech Riskified reaches unicorn status with $165m fundraising
The round was led by General Atlantic.
GoCardless and TransferWise launch first global network for bank debit
Customers can collect recurring payments in over 30 countries.
