e& enterprise, the digital transformation arm of the global technology group e&, and its partner World Wide Generation (WWG) are enhancing the ‘Sustainability as a Service’ offering for the MENA region. By joining forces with UAE entities—including regulators, financial institutions, and government bodies—they aim to support banks, investors, and corporations in meeting upcoming reporting regulations,…
Investcorp, a leading global alternative investment firm, is pleased to announce a commercial partnership with Awaed, the first commission-free Saudi trading platform. Under the terms of the partnership, Awaed will enable their clients to invest into Investcorp’s Saudi Pre-IPO Growth Fund. Investcorp is one of the first global asset manager to set up a strategic…
The Financial Secretary of the Hong Kong Special Administrative Region (HKSAR) government Paul Chan has recently stated that fintech cooperation between Hong Kong and the Middle East region will enter a new milestone. Chan said in his blog that he will lead a business delegation consisting of representatives from the financial and innovation sectors to…
Kuwait Finance House (KFH) is set to implement Indian software vendor Gieom’s Digital Blueprint software to centralize and streamline its policy and procedure management. The software will enable the $55 billion-asset Islamic bank to create role-based business process flows in collaboration with employees and stakeholders using Gieom’s in-built BPMN 2.0-compliant drawing tool or Microsoft Visio….
Qatar Central Bank (QCB) has announced that the payment services through the national e-Commerce Gateway (QPay) is now available through using (FAWRAN) instant payment service. The service allows merchants to register with the service to help them accept payment transactions for the purchases customers make by using this service. Provision of multiple options for customers…
National Bank of Fujairah (NBF), a full-service corporate bank based in the UAE, has extended its partnership with Intellect Global Transaction Banking (iGTB) to digitize its wholesale business. The $15.1 billion asset bank first signed for the vendor’s open finance platform eMACH.ai in August, a move credited at the time as the first deployment of…
Riyadh-headquartered fintech Mala has raised $7 million in a pre-seed round led by VentureSouq, it announced in a statement on Saturday. The round was also joined by Beco Capital, M Capital, Access Bridge Ventures, Palm Ventures, Shorooq Partners, Waad Investment, and D Global Ventures. Mala was founded earlier this year by Musaab Hakami, one of…
UAE-based fintech, Abhi has secured $15 million in debt financing, led by regional tech investor Shorooq Partners and Amplify Growth Partnership. Abhi stated the funding will allow the company to scale its operations and expand its earned wage access (EWA) solutions to serve the blue- and white-collar working populations in the UAE. EWA is mostly…
QNB has announced its certification of Noqoody Payment Services’ cutting-edge Point-of-Sale (POS) solutions. This strategic partnership underscores QNB’s commitment to advancing digital innovation and enhancing the payment ecosystem in Qatar. Noqoody’s advanced POS technology, now certified by QNB, represents a major advancement in transaction solutions, designed to meet the evolving needs of businesses across the…
Arab Financial Services (AFS), the Middle East and Africa region’s leading digital payment solutions provider and fintech enabler, has signed a strategic agreement with Zand, the UAE’s first fully licensed all-digital bank. This collaboration aims to provide Fintechs and emerging players with AFS’s cutting-edge processing services and Zand Bank’s BIN Sponsorship and banking facilities, enabling…
