BENEFIT, Bahrain’s innovator and leading company in Fintech and electronic financial transactions service, has officially announced the launch of the fourth edition of its annual FinTech Internship Program “Masar”. This strategic program is designed to cultivate the potential of Bahraini youth by equipping them with hands-on experience, and skills development in the FinTech sector. Aimed…
Giza Systems continues to strengthen its position as a prominent regional powerhouse in the technology field. The company is officially unveiling its new strategy following the appointment of Ahmad Elharany, Giza Systems Group CEO. This announcement was made during a roundtable held by the company at its headquarters in New Cairo, in the attendance of…
BENEFIT, Bahrain’s innovator and leading company in Fintech and electronic financial transactions service, has signed a strategic cooperation agreement with Bahrain Clear, a fully-owned subsidiary of Bahrain Bourse, to launch eIPO Service (electronic initial public offering service) on BenefitPay. This initiative marks a significant advancement in streamlining investor access to public share offerings on the…
Trade agreements in the 21st century are no longer just about reducing tariffs. Increasingly, they are evolving into frameworks that facilitate data flows, digital services, and financial innovation. They are evolving into frameworks that facilitate data flows, digital services and financial innovation. According to the World Trade Organization over 60 per cent of newly signed…
Egypt’s leading fintech platform digitizing the traditional ROSCA savings model, ElGameya, announced the successful closing of a new 7-figure USD investment round, aiming to accelerate the development of its technology platform. The round was led by AYADY for Investment and Development, with participation from prominent investors including Jedar Capital, Cubit Ventures, Ventures Notes, P-Maestro and a group of both…
Apex Group has appointed Tom Bennett as Global Head of Fintech. In this newly created role, Tom (pictured) will lead Apex Group’s global fintech strategy, enhancing its digital capabilities across private markets, capital markets, and digital assets. Tom Bennett’s background boasts experience at leading companies such as JLL and BT, and he most recently served…
Financial technology company Chime on Tuesday filed paperwork to go public on the Nasdaq. The company intends to file under the ticker symbol “CHYM.” “Chime is a technology company, not a bank,” the company said in its prospectus noting it is not a member of the U.S. Federal Deposit Insurance Corporation. Still, the company cited…
Dubai Islamic Bank (DIB) is open to acquisition opportunities in its home base and the markets it operates beyond the Arab world’s second-largest economy as it looks to increase its market share, its group chief executive has said. The Dubai-headquartered lender is interested in acquiring a variety of assets that are complementary to the business…
Middle East’s financial landscape is poised for both continuity and transformation in 2025. While traditional banking metrics signal stability, FinTech is reshaping how financial services are delivered, reflecting a sector where innovation and resilience coexist. Fitch Ratings’ latest Middle East Banks Outlook 2025 paints a ‘neutral’ picture for the region’s banking sector. Credit growth is…
The growth of Artificial Intelligence in the Fintech market is fueled by the increasing need for intelligent financial solutions that enhance customer experience, reduce risks, and improve decision-making in real time. The SNS Insider report indicates that the AI in the fintech market was valued at USD 12.2 billion in 2023 and is projected to…
