Malta-based startup, Basta Pay, has announced its intentions to introduce its financial platform by 1 March 2025, with the company aiming to solidify its position in the fintech industry. With the launch date approaching, Basta Pay is working on entering strategic collaborations to develop an advanced global fintech ecosystem. The company intends to deliver optimized…
WadzPay Worldwide has secured a capital commitment of SGD 50 million ($36.7 million) from Global Emerging Markets (GEM) Global Yield. The commitment is comprised of a shared subscription facility (SSF), which stipulates that WadzPay can call on GEM to purchase ordinary shares in the company up to the agreed value. However, the New York-based alternative…
More and more companies in the financial services sector are adopting cutting-edge technology, and customers now have an increased expectation of what their financial providers should be able to do. If a company cannot complete tasks promptly or lacks essential capabilities, customers are likely to seek a new provider. The wealth management sector is a…
The Global Women’s Forum Dubai 2024 featured a panel discussion titled ‘Fintech for All: Harnessing Innovation to Benefit Women and Beyond’, which focused on how financial technology is reshaping opportunities for women and communities worldwide. The panellists in the session included Hela Cheikhrouhou, Regional Vice President at the International Finance Corporation (IFC) for the Middle…
Rwanda has recently unveiled a five-year fintech strategy, with the goal of developing a fintech ecosystem to position the country as a regional financial center. According to the Ministry of Information Communication Technology (ICT) and Innovation, the plan aims to establish Rwanda as the preferred location for African fintech companies and investments, as well as…
UAE-based Reem Finance has selected Swiss banking tech vendor Temenos to power its upcoming digital community bank. Founded in 2007 and headquartered in Abu Dhabi, Reem Finance provides corporate and retail financing solutions to help “facilitate business growth and advance trade capacity for private entities within various sectors”. Through its partnership with Temenos, Reem Finance…
FinTech LIVE London Global Summit 2025 has announced SaaScada, financial services cloud and data provider, as its newest sponsor. Financial inclusion has never been more critical, firms within the industry are leveraging digital tools and data-driven solutions to deliver services. In many cases, technology is the catalyst for offering these services more affordably and conveniently…
Emirates NBD and Mashreq Bank have made a strategic investment in NewBridge Fintech Solutions, the owner of UAE-based fintech platform LoanBook. LoanBook offers a centralised marketplace digitising the syndicated loan and private credit markets. The investment will be used to scale up the platform and make it easier for market participants to access global loan…
One of the top qualifiers from the second edition of the “FinTech Got Talent” competition, organized by “FinTech Egypt”—an initiative by the Central Bank of Egypt (CBE)—has secured first place at the “Arab FinTech Challenge” for the second consecutive year. The competition took place in Dubai as part of the “GITEX North Star 2024” exhibition….
Commercial Bank International (CBI), leading UAE bank, has announced a strategic partnership with areeba, a global payment infrastructure provider, to become the first UAE bank to offer areeba’s comprehensive card and payment solutions to fintechs across the country. The partnership aims to empower UAE fintechs with scalable, secure card management capabilities and accelerate the growth…
