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…
Global payment technology leader, Mastercard, has announced the expansion of its Product Express platform to include FinTechs in Africa, the Middle East, Europe, North America, and additional markets across Latin America. The move follows a successful regional rollout earlier in Latin America and aims to enable FinTechs to launch card programmes with enhanced speed and…
Rwanda has unveiled an ambitious five-year FinTech strategy (2024-2029) aimed at positioning the country as a regional hub for financial services while advancing financial inclusion. The plan seeks to strengthen Rwanda’s FinTech ecosystem by leveraging technology to drive economic growth and socio-economic transformation. While the global FinTech sector promotes financial inclusion by improving access to…
Nasdaq reported a rise in third-quarter profit, helped by strong demand in its solutions business that houses the exchange operator’s financial technology products. To generate steady revenue growth, the company has been branching out from its market-sensitive core operations of trading and listing to products that help traders and investors navigate the capital markets. Revenue…
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….
Retail heavyweight, Shein, is launching its first branded credit card worldwide through a partnership with Mexican fintech Stori, the firms said on Tuesday, touting synergies that should help both expand in Latin America’s second-largest economy. The push will simultaneously aim to draw more Mexicans to the credit market, where they lag in access, as well…
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…
Africa-based fintech startup, Yellow Card, has secured USD 33 million in venture capital funding from Blockchain Capital and other investors. This funding highlights the role of cryptocurrencies in transforming finance in emerging markets and facilitating capital movement in regions with underdeveloped banking systems. Despite its growth, Yellow Card faces challenges as four North African countries…
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…
