Turkey launches fintech task force
Wants to make nation a global hub.
Middle East
Maalem Financing moves to Path Solutions’ iMAL Islamic core banking platform
Saudi Arabian firm will replace legacy systems.
Planck Re yanks in $12m for insurance plans
Israeli insurtech offers AI-powered commercial underwriting services.
Banque Libano-Française in Iraq upgrades Temenos’ T24 core banking system
The bank will upgrade the rest of its divisions subsequently.
Axe Finance goes live with Skye and signs up BPI and Al Rahji
Good times for Axe Finance.
UAE digital payments start-up Foloosi fires up
New firm offers cashless transactions through a digital wallet.
Bahrain Development Bank unleashes $100m VC fund
Will provide support to Middle East start-ups.
Abu Dhabi regulator brings crypto under control
Follows the completion of a public consultation.
Israel’s crypto regulations drama drags on
Now the Association of Banks in Israel demands regulation.
Bahrain National Holding in insurtech revamp with TCS Bancs
New tech is part of BNH’s “ambitious transformation strategy”.
Finovate in 2018: a search for fintech’s frontier
Where is the future of fintech?
Emirates NBD unveils EasyHub digital kiosk
The Emirates NBD EasyHub capabilities go far beyond a typical ATM, Diebold Nixdorf says.
Orange and Google looking to fund fintech start-ups
Interested in IoT, cybersecurity, cloud and AI in EMEA.
Israel postpones cryptocurrency exchange regulations
Four month delay greeted with deep disdain by fintech firms.
BondIT raises $4m in new funding
BondIt’s Series B round led by major investor Fosun Group.
Bahrain Benefit-s from national payment system
Bahrain’s Electronic Network For Financial Transactions seeks unity.
Tel Aviv Stock Exchange plans blockchain securities lending platform
TASE is working with Accenture and The Floor. Platform powered by Intel.
KFH Bahrain launches digital platform Jazeel
“Great” news from Manama.
Crowdfunding platform OurCrowd surpasses $1bn AUM
Equity crowdfunding platform OurCrowd has reached a major milestone.
Global Findex 2017: financial inclusion on the rise but gaps remain
Globally, 69% of adults – 3.8 billion people – now have an account at a bank or mobile money provider.
Bank of Jordan puts core banking tech in Oracle cloud
First bank in the Middle East to deploy its core tech in Oracle cloud.
Arvato Financial Solutions invests $8m in SecuredTouch
Bringing the company’s total funding to $11.5 million.
UAE and China to create new “Belt and Road” exchange
It will serve as a key international capital-raising platform for Chinese firms.
Checkout first PSP to accept payments via Saudi Arabia’s domestic network
Mada’s got it made in the Kingdom.
Plug and Play ADGM finds its way to Abu Dhabi
Middle East welcomes innovation platform.
Emirates NBD goes blockchain for its “Cheque Chain”
Integrates blockchain technology into bank-issued cheques.
MetLife EMEA calls for insurtech start-ups
Prize is a $100,000 contract to develop and pilot solutions with the insurance firm.
Broadridge acquires Israeli digital tech firm ActivePath
To strengthen its governance and communications businesses.
Predictive analytics firm Endor raises $45m in ICO
Israeli firm combines computing and MIT-developed proprietary social physics.
Saudi Real Estate Refinance Company live on TCS Bancs core system
TCS says this is the “first of its nature deployment in the Middle East region”.
First Abu Dhabi Bank deploys Fircosoft global sanctions screening tech
First Abu Dhabi Bank is “setting the standard for financial crime compliance in the Middle East”.
Riyad Bank launches Saudi Arabia’s first contactless payment wristband
Riyad Bank has teamed up with Gemalto for Saudi Arabia’s first range of contactless payment wristbands.
Saradar Bank live with Temenos’ T24 core banking system
Saradar Bank in a “big bang” go-live with new core banking tech.
Oman’s Bank Muscat refreshes on TCS Bancs core system
System will be used for its fund and investment operations.
Al Jazeera Finance live with new core banking system, Ethix from ITS
Path Solutions’ iMAL out, ITS’s Ethix core banking system in, at Al Jazeera Finance in Qatar.
Kuwait Finance House Bahrain revamps online banking tech
KFHB has implemented a new online banking system, Ethix-Net, supplied by International Turnkey Systems (ITS).
Mashreq Bank harnesses Blue Prism digital workforce
Blue Prism integrates AI and automates dozens of processes across various business functions.
Saudi Arabian Monetary Authority pilots Ripple payments
SAMA like it hot for blockchain-powered payments.
SGBL turns to Backbase for digital banking revamp
Lebanon-based Société Générale de Banque au Liban makes its choice.
Fintech funding round-up: 13 February 2018
From India via Israel to Finland – starring MoneyOnMobile, Tipalti and Zervant.
