Raqami Islamic Digital Bank in Pakistan partners Codebase Technologies for Digibanc platform
Raqami was granted in-principle approval to operate digital financial services in the country last year.
UAE
UAE start-up Dunes Financial acquires Be Mobile Africa’s tech assets
Be Mobile Africa’s CEO says the “sale of non-financial assets injects vital financial resources” into the firm.
Abu Dhabi Islamic Bank digitises cross-border services with ProgressSoft
The UAE-based bank has integrated the vendor’s PS-PayHub platform.
ICYMI fintech funding round-up: Fordefi, Mia Share, Kema, Coba and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Commercial Bank of Kuwait to upgrade its payment systems with new Network International partnership
CBK projects that the collaboration will “significantly enhance” its payment operations and continued shift to digital.
Emirates NBD partners Silent Eight to bolster compliance operations
The banking group says the partnership will enhance its compliance efficiency.
Paymob lands PSP licence from Oman’s central bank
Paymob now claims to be the first international fintech company to be fully licenced in Oman.
ICYMI fintech funding round-up: KlariVis, Komunal, Maalexi, Cleva & CSI
A handy round-up of the recent funding endeavours of fintech companies across the globe.
ICYMI fintech funding round-up: Fiat Republic, Hakbah, Payble and Spare
A handy round-up of the recent funding endeavours of fintech companies across the globe.
BNPL fintech Tabby lands $700m debt facility from JP Morgan
Tabby has also extended its Series D funding round by $50 million to a total of $250 million.
Saudi BNPL fintech Tamara lands $340m Series C funding at $1bn valuation
Tamara says the Series C is “among the largest investments in a fintech company in the region”.
UAE fintech start-up Flow48 lands $25m pre-Series A funding
Founded in 2022 by Idriss Al Rifai, Flow48 provides revenue-based financing to SMEs.
JP Morgan receives approval from ADGM to upgrade licence, plots UAE expansion
The US banking giant is aiming to boost its presence and service offerings in the UAE.
Wealthtech start-up Alpheya receives investment from BNY Mellon and Lunate
Based in the ADGM, UAE, Alpheya will build a wealthtech platform for the MENA region, with plans to launch in 2024.
Mashreq taps Visa and Ecolytiq to launch climate banking platform
The platform uses transaction data to produce carbon footprint analytics.
UAE fintech start-up Dosh Payments gears up for full launch, lands tech licence from ADGM
Claiming to be the Middle East’s first social payments app, Dosh Payments has been building in stealth since 2021.
Fils launches as digital ESG infrastructure for payments sector
Founder Nameer Khan describes his latest venture as “a catalyst for the evolution of ESG enforcement”.
Jordan Ahli Bank taps Fintech Galaxy to comply with open banking standards
The bank’s customers will now be able to share their financial and banking data with third-party apps.
Jordan’s Capital Investments taps Codebase Technologies for digital onboarding
Capital Bank of Jordan previously tapped Codebase to launch its digital banking app and neobank Blink.
SC Ventures and SBI Holdings to jointly launch digital asset investment firm in UAE
The joint venture will initially receive a $100 million capitalisation from both companies.
UK challenger Monument Bank completes £40m Series B raise, eyes more funding
Dubai Investments has acquired an additional 7.68% equity stake in the bank.
BNPL fintech Tabby lands $200m Series D at $1.5bn valuation ahead of planned IPO
Tabby claims it has become the Middle East’s first fintech unicorn ahead of its planned IPO in Saudi Arabia.
UAE’s Ajman Bank selects Codebase Technologies to power retail “super-app”
Ajman Bank will utilise Codebase’s Digibanc platform along with cloud solutions from Cloud4C and Microsoft Azure.
UAE’s central bank launches Aani, a new instant payments platform
Aani enables transactions to be processed “instantly and securely” at any given time.
Al Etihad Payments partners India’s NPCI to develop UAE’s first domestic card scheme
Al Etihad Payments is a wholly-owned subsidiary of the Central Bank of the UAE.
Bahrain’s Flooss taps Tarabut for open banking-powered lending
Flooss is adopting Tarabut’s Income Verification product, enabling direct access to customers’ income information.
Codebase partners Network International to launch BaaS solution in the Levant
The partnership intends to accelerate the pace of digital banking transformation throughout the Levant region.
ICYMI fintech funding round-up: GenTwo, Momnt, myZoi, Treyd, Firstcard & more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Emirates NBD makes strategic investment in trade finance tech firm Komgo
The strategic equity investment was made through Emirates NBD’s Innovation Fund.
JP Morgan Payments taps Network International to strengthen payments acquiring in the Middle East
JP Morgan Payments says the partnership will complement its existing capabilities in the region.
ICYMI fintech funding round-up: CredRight, MFast, Maly and OneID
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Metro Bank founder launches acceleration partner Archie for early-stage fintechs
Archie is led by serial fintech entrepreneur Anthony Thomson and Steve Brennen, a former PayPal director.
DFSA slaps $3m fine on Mirabaud for AML failings
Between June 2018 and October 2021, DFSA says it found weaknesses in Mirabaud’s AML systems and controls.
Tarabut Gateway names Tariq Sanad as new CFO
Tarabut Gateway says Sanad excels “particularly in scaling growth start-ups post-Series A”.
Mastercard and Bankiom to launch virtual prepaid cards across the GCC
With the partnership, Mastercard aims to drive digitalisation in the GCC payments landscape.
Tarabut Gateway lands $32m in Series A funding
With the new funding, the Dubai-based firm plans to expand its footprint in Saudi Arabia.
UAE’s Mbank partners Dgpays for digital wallet offering
The new offering will allow businesses in the region to integrate digital payments into their operations.
Network International in talks over potential £2bn sale to PE consortium
The consortium is made up of CVC Capital Partners and global tech investment firm Francisco Partners.
Capital Bank taps Finastra for corporate digital banking platform
The corporate digital banking platform unifies trade, supply chain finance, lending and treasury services.
Demystify Podcast: Demystifying ESG and financial services with Shargiil Bashir, FAB
Chief sustainability officer of FAB talks about the critical role of banks in supporting an ESG agenda.
