Israel’s XM Cyber closes $22m funding
Series A round includes participation from Macquarie Capital and Nasdaq Ventures.
Middle East
Emirates NBD debuts API sandbox
Says it’s the first bank in the UAE to introduce such a platform.
Fintech Sharegain raises $5m and rolls out securities lending platform
It has raised a total of $12m so far.
Ahli United Bank signs up for retail payments with AFS
Utilising Android as PoS.
Blockchain start-up INVioU looks to raise $2m
INVioU looks to “create new possibilities of factoring for small businesses by using blockchain technology”.
BML Istisharat in new insurtech and banking tech projects
An insurtech project in Algeria and a core banking tech one in Jordan.
First National Bank of Lebanon centralises compliance systems with FICO
FNB has migrated to the FICO Tonbeller Siron anti financial crimes suite.
Newcomer Anglo-Gulf Trade Bank to shake up trade finance market
“The world’s first digitally-enabled trade bank” will open for business in early 2019.
Bank of Beirut hits IFRS 9 goals with Wolters Kluwer
Bank of Beirut opts for Wolters Kluwer’s OneSumX regtech.
BLOM Bank first in Lebanon to launch Swift gpi service
BLOM Bank says it’s “now more than ever ready for the future of cross-border payments”.
Al Rajhi Bank signs for Murex treasury tech
One of the world’s largest Islamic banks signs for Murex’s MX.3 platform.
Bahrain to raise $100m for fintech ventures
Will be complementary to an already-existing $100m fund of funds.
Broadridge intensifies interest in Israel
Digital centre of excellence follows ActivePath acquisition.
Emirates NBD to launch chat banking via WhatsApp
Bank says it is first in region to integrate its core systems with WhatsApp.
Dutch banking takes courage from cybercrime exercises
ING and friends mimicked WannaCry ransomware attack.
ICS Financial Systems and Arab Jordan Investment Bank complete blockchain PoC
PoC done via ICS Banks Blockchain Adapter.
CBD keen to go digital, foster innovation and retain talent
Commercial Bank of Dubai (CBD) has recruited consultancy firm PwC to assist it with its digital transformation.
Helios takes a shine to TPAY with majority stake
Africa-focused private investment firm gets 76% stake in paytech.
Ithmaar Bank and Eazy Financial Services team for biometric payment network
Bahrain-based Ithmaar Bank and Eazy Financial Services to launch the region’s first biometric payment network.
Al Salam Bank Bahrain revamps mobile banking with Clayfin
ASBB has launched a new mobile banking solution underpinned by Clayfin’s technology.
Amex to pilot Neener Analytics tech in Middle East
Amex’s Accelerate Middle East to pilot Neener Analytics’ social media analytics tools.
Abu Dhabi regulator tightens up funding rules
ADGM also teams with Beijing-based firm for Belt and Road initiative.
United Bank of Egypt completes Finastra core banking revamp
The selection for retail, corporate and treasury business was made in 2016.
Wealthtech Sarwa raises $1.3m in funding
Automated and human investment advice catching on.
Finastra sittin’ on the dock of the Bahrain FinTech Bay
Vendor looks for fintech action in the Middle East.
AI wealthtech Pagaya closes $14m funding round
Its tech is meant to help institutional investors and asset managers.
German minister calls for independent EU Swift payments network
To bypass the US sanctions on business with Iran.
Tel Aviv Stock Exchange links up with London and BSO
Israeli trading expands with better network.
Fosun feeds $5m to Israeli fintech platform The Floor
This marks Fosun’s second investment in Israel.
Bahrain’s SNIC Insurance selects TCS Bancs for digital revamp
For general and medical insurance, financials and BI.
UAE’s Rakbank implements Kamakura’s cash management
The solutions cover balance sheet management and funds transfer pricing.
Visa invests in Behalf for SME financing push
All part of Visa’s commitment to invest up to $100m in fintech.
National Bank of Bahrain launches digital banking platform
Partnered with Almoayyed International Group.
Ziraat Bankasi KSA in core banking system upgrade with NDC and Temenos
Ziraat Bankasi KSA has upgraded its core banking system, Temenos’ T24, from R10 to R17.
Al Baraka Bank Lebanon kicks off core banking revamp
It is a long-standing user of Misys’ (now Finastra) Equation.
Bank Leumi to sell card business to Warburg Pincus for $682m
Warburg Pincus opens its fintech warchest yet again.
Isbank opens API portal in Turkey
Initially offering 14 APIs for developers.
Saudi Arabia going mada with NFC mobile payments by Visa
In an effort to digitise the country by 2030.
PayU acquires ZOOZ to build cross-border payment platform
With aims to expand to high-growth markets.
Banco Sabadell’s hub chasing innovation in Israel with €7.5m investment
InnoCells has invested in Cardumen Capital.
