WeChat Pay and Alipay partner QFPay raises $20m
The latest funding round brings QFPay’s total to $36.5 million.
Middle East
PayPal helps entrepreneurs with MetLife and Village Capital
The alliance will reach out to more than 100 fintech health entrepreneurs.
Mizrahi Tefahot selects Temenos’ T24 Transact for capital markets
T24 Transact will interface with trading systems and the bank’s core systems.
Big banks are driving fintech to the mainstream
And it’s happening faster than you think!
Microsoft and Publicis Sapient back world’s first fully digital trade bank
The UAE-based Anglo-Gulf Trade Bank aims to address global trade finance gap.
Middle East’s first licenced crypto exchange Rain is live
It also closed a seed round of $2.5 million.
Swift shifts from MT to XML format
Payment transfers will be shifting to the ISO 20022 standard.
The Win 10 Rush: How financial institutions can beat the clock to upgrade their PCs
Kevin Flaherty, CEO at BLM Tech reveals the key to carrying off large-scale IT projects.
ADGM issues robo-advisor regulatory framework
Fairness, accountability and transparency are key principles.
Banking Technology July/August 2019 issue out now
Drawing the curtains on a bright tomorrow.
Banque du Caire goes live with Temenos Infinity
The bank has also chosen the Temenos T24 Transact core banking solution.
Landmark Group and HSBC debut dual-platform blockchain deal
A major step forward in the Middle East’s retail industry adopting blockchain
National Bank of Pakistan turns to Autosoft for Bahrain operation
Autobanker Premium, the latest version of the supplier’s core banking system, will be at the heart of the project.
Swift calls for industry collaboration to improve FX efficiency
Greater automation and better use of standards would benefit the FX market.
ABX wins approval for crypto asset exchange and custodian
The exchange has its eyes set on bridging the gap between the MENA region and the rest of the world.
Bank Leumi, CIBC and NAB launch online portal for fintechs
The platform provides a simple and easy process for fintechs to help connect them into the bank.
Emirates NBD builds AI-enabled bank with AWS
The Middle-Eastern bank is applying tech to customer sevice.
Identiq launches privacy-first identity validation network, raises $5m
The first solution designed to address growing sensitivities around data privacy.
NBB forges ahead with open banking in Bahrain
Tarabut Gateway will provide the infrastructure.
Visa signs up to support fintech innovation in Bahrain
Partnership will focus on innovation, education and payments trends.
Profile Software to provide wealth management support to MADA Capital
Omni-channel platform offers digital tools for wealth managers.
Top fintech stories this week – 10 May 2019
Deutsche Bank picks Red Hat, Orange acquires Secure Link, and much more!
Fenergo supports Bahrain’s blockchain-based KYC
It will support retail and corporate banking, with other sectors in the future.
Fiserv’s AML solution wins new clients in UAE and Iceland
AML Risk Manager chosen to streamline processes.
First real-time payments launched in Saudi Arabia
Vocalink partners with Saudi Payments for market-first development.
Capital Bank of Jordan selected Backbase for digital transformation
Implementation will be carried out by Backbase and one of its partners, Lisbon-based Bring Global.
Ameen Al-Iraq latest addition to Path’s Iraq user base
The Baghdad-based bank has signed for the iMAL core system.
Human Plus releases crypto payment ecosystem HupayX
Standing up to big players like Mastercard and Visa.
Emirates NBD launches WhatsApp banking
The bank will expand the range of functions customers can use.
TCS wins core replacement at National Bank of Bahrain
NBB is replacing an extremely old core system, TC4, which was developed by an Indian company, CMC Limited.
UAE’s digital bank Liv launches Kasisto’s AI chatbot
The conversational AI is called Olivia.
Network International’s LSE float attracts £300m Mastercard investment
Partnership aims to penetrate MEA region.
Sayata Labs attracts $6.5m seed funding for cyber insurance tech
Cyber risk assessment solution is described as ‘game-changing’.
eToro buys blockchain company Firmo
This is eToro’s first acquisition.
Network International to float on London Stock Exchange
The IPO will make at least 25% of its issued share capital on the LSE.
Iraq’s Rafidain Bank revamps tech with Oracle
EXCLUSIVE. It is understood new tech will replace Finastra’s Fusionbanking.
The customer is at the heart of the Middle Eastern fintech revolution
Bahrain is quickly becoming a place for regional and international fintech firms to invest and succeed.
Dubai International Financial Centre launches $10m fintech fund
DIFC plans to invest in start-ups in Middle East and North Africa.
Europe’s dance of fintech hubs
As a strong and united ecosystem, the European fintech scene can finally discover its true potential.
International Women’s Day: a great time to reflect on progress, but there’s still a long way to go
A look at initiatives that help a better work/life balance – and assist women to get to the most senior roles.
