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…
Saudi Vice Minister of Finance Abdulmuhsen Alkhalaf revealed that the number of fintech companies in the kingdom reached 224 by the end of the second quarter of this year, surpassing the program’s target for the same quarter, which was 168 companies. He indicated that the goal is to increase this number to 525 companies by…
Bahrain FinTech Bay (BFB), a leading hub for financial technology innovation, proudly announced the inception of the MENA Innovation Academy. This initiative is dedicated to cultivating talent, fostering fintech expertise, nurturing an innovation mindset, and enhancing career readiness within financial organizations across the MENA region. MENA Innovation Academy will be established in partnership with the…
European is at the forefront of fintech innovation, transforming the financial landscape across the continent. With a rich ecosystem of startups and established players, these companies leverage technology to enhance financial services, making them more accessible, efficient, and user-friendly. From digital banking and payment solutions to investment platforms and blockchain applications, European fintechs are addressing…
In line with Qatar National Vision 2030 and the Third National Development Strategy, and in adherence to the Third Financial Sector Strategy, the Qatar Central Bank launched today, Wednesday, October 9, 2024, its strategy for the period 2024-2030 aimed at achieving the Third National Development Strategy objectives. This strategy serves as an essential roadmap, integrating…
The global fintech market is expected to reach $340 billion by 2024 and over $1 trillion by 2032. This growth reflects the fintech industry’s continuous evolution, which I’ve found is driven by three key elements: artificial intelligence (AI), remote talent and innovative development strategies. AI is at the heart of the next generation of fintech solutions….
Fintech Surge will highlight critical trends shaping the future of finance, such as digital banking, fintech investment, and the growing collaboration between banks and fintechs. Taking place at Dubai Harbour from October 13 to 16 2024, the fourth edition is set to attract over 100 exhibitors, more than 1,200 investors, and 120-plus speakers from over…
The UK has further dominated the European FinTech sector, capturing a remarkable 65% share of all deals in the first half of 2024, according to a new annual report analysing the sector. The annual stare of European Fintech report by Finch Capital highlights a year marked by turbulence, with overall funding in European FinTech declining…
Riyadh based, Saudi Awwal Bank (SAB), has partnered with PayerMax for enhanced business payment solutions. The parties will work to “redefine the digital payments landscape” and “streamline the onboarding experience for local merchants” while facilitating “seamless global transactions”. Founded in 2020 and based in Singapore, PayerMax operates a suite of omnichannel payment solutions that support…
Mastercard is to acquire Swedish subscription management fintech, Minna Technologies, for an undisclosed sum. Minna creates technology that assists consumers in managing their subscriptions directly within banking applications and websites. The firm claims to be the only B2B2C platform with an automated subscription management engine, bank-grade compliance, and the “widest global subscriptions and payments coverage”…
