Saudi Arabia’s Alinma Bank partners IBM to power new API platform
The new platform leverages a range of hybrid cloud and AI integration technologies from IBM.
FinTech Futures: Fintech news is part of the Informa Connect Division of Informa PLC
This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 3099067.
The latest fintech news, resources and expert analysis in Saudi Arabia by the leading intelligence provider for the worldwide fintech community.
The new platform leverages a range of hybrid cloud and AI integration technologies from IBM.
The fintech says that the financing “positions Tabby strongly as it prepares for its upcoming IPO”.
STC has been operating in its pilot phase since first being approved by SAMA back in April.
Since 2019, Lendo claims it has facilitated over $667 million in financing across 5,000 transactions.
Google Pay is set to launch through the Saudi payments network mada.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
The new round of funding follows Lean’s $33 million Series A in 2022.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Ziraat Bank KSA has moved from Temenos’ T24 R17 to the R24 version.
PayerMax claims to support over 600 different payment methods for digital merchants.
The Vision Bank app is currently available to customers on an invite-only basis.
Following the acquisition, Tweeq will continue to operate as an independent entity.
NEO has been launched by Saudi National Bank, with the digital front-end underpinned by Backbase.
Barq claims to have onboarded over 1 million users just three weeks after its debut.
Our weekly fintech round-up for you to get the latest funding news from around the world.
Emirates NBD plans to extend the service to all its 853 branches across the world.
The successful upgrade has launched “a new chapter in banking at Arab National Bank”, says CIO Naif Alharbi.
Almutairi previously served as CTO at STC Pay for nearly five years.
Bank of Jordan, Corporate Private Investment and MedSecurities Investment implement the ICBS core banking platform.
The approval by the Saudi Central Bank will see the company transition from STC Pay to STC Bank.
Cashee will provide a free banking app and a prepaid Visa card, issued by Arab National Bank (ANB).
Paymob now claims to be the first international fintech company to be fully licenced in Oman.
The firm says it will use the funding to “meet the increasing demand” for its digital lending products.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Tabby has also extended its Series D funding round by $50 million to a total of $250 million.
Dave and Dharm welcome Naif AbuSaida, CEO and founder of Hakbah, a Saudi Arabian fintech focused on group savings.
Tamara says the Series C is “among the largest investments in a fintech company in the region”.
Our weekly round-up for you to get the latest fintech funding news from around the world.
Lendo has announced it plans to pursue an IPO “within the next few years”.
The company has secured an additional $250 million in debt financing to support its lending operations.
The bank is adopting Mastercard’s transaction risk management technology to tackle payment fraud.
Tabby claims it has become the Middle East’s first fintech unicorn ahead of its planned IPO in Saudi Arabia.
Hala says Arshad’s experience will be “pivotal” to its expansion efforts in the UK and Europe.
Ahmed played a pivotal role in the launch of ARBM’s digital banking offering Rize last year.
The new venture is described as a “digital leasing and lending platform”.
The bank is leveraging Wise’s technology to deliver “smooth and effective international transfers”.
The Saudi bank selected TCS BaNCS to digitise its IT landscape across deposits, lending and payments.
HyperPay is aiming to expand its product offerings in order to become an “all-in-one” digital payments platform.
Tarabut Gateway says Sanad excels “particularly in scaling growth start-ups post-Series A”.