BML Istisharat signs new core banking tech clients in Iraq and UAE
Two banks in Iraq and one in the UAE are implementing BML Istisharat’s ICBS core banking system.
Two banks in Iraq and one in the UAE are implementing BML Istisharat’s ICBS core banking system.
The regulatory authority also says that the bank acted outside the scope of its DFSA licence.
The challenger says it chose Mambu’s API-led cloud platform to achieve a “faster” time to market.
Gelebart has spent the past 14 years working for digital financial services firms across Africa and Asia.
The round saw participation from new international investors and 10 existing investors.
The DFSA says it is a “progressive regulator” that recognises the growing interest in crypto.
Mamo can now provide money services and expand operations without user restrictions.
The start-up has officially launched in the UAE and Saudi Arabian markets.
If completed, the new funds will take the firm’s total Series A raise to $61 million.
Fintech Surge will host top innovators across digital banking, paytech, insurtech, regtech and much more.
Former Salt Edge CEO and co-founder Dmitrii Barbasura joins as COO while Iaroslav Babenco joins as CFO.
Verity aims to help children develop their personal finance skills.
It will provide financial solutions via digital banking apps, embedded finance and as Banking-as-a-Service.
The card was co-designed by Idemia, an identity technology solutions provider in the physical and digital space.
Our weekly fintech round-up for you to get the latest funding news from around the world.
The founders and employees of both companies will be joining Huspy.
The debt financing has been supplied by Atalaya Capital Management and existing investor Partners for Growth.
Appro is designed to reduce application times for a range of banking products from several hours to three minutes.
Start-up says the funding will support expansion into Saudi Arabia, Pakistan, Ghana and Egypt.
The newly-licensed bank marked the occasion by welcoming its first corporate customers.
Careem plans to offer “simple and affordable international remittance services” through its super-app.
YAP Pakistan hopes to address the challenges consumers face in the foreign remittance market.
A handy round-up of the recent funding endeavours of fintech companies across EMEA.
The hires at Wio follow the digital bank’s licence approval by the Central Bank of the UAE.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Our weekly fintech round-up for you to get the latest funding news from the Middle East and Africa.
The new wholly-owned subsidiary will consolidate all of Mashreq’s existing payment systems into a single platform.
Al Fardan Exchange customers can make payments to 87 countries in Europe, Africa, APAC and LatAm.
The cash will go towards expanding its product offering and supporting its international expansion.
The digital bank will initially cater to the country’s SMEs, with a beta launch expected in Q1 2022.
Mashreq Bank is Israel-based ThetaRay’s first customer in the UAE.
Led by Accenture, the consortium will build and operate the platform over the next five years.
Rain’s $110m Series B funding round was co-led by Paradigm and Kleiner Perkins.
Suhail Bin Tarraf joins from Emirates Islamic Bank, where he was COO for five years.
The $800,000 round comes ahead of a planned launch in UAE later this year.
Singapore’s TradeTrust enables counterparties and banks to validate documents digitally.
Edfundo says it is on a mission to help 8 to 18-year-olds become financially literate.
Cardoso joins from Standard Chartered, where he worked as a senior managing director.
Its new project, mBridge, experiments with new CBDC combinations.
New bank aims to break into an already crowded sector.