Financial institutions across more than 45 countries already use RippleNet
UAE expected to attract $2.5bn in investment into fintech by 2022
The fund will invest in tech startups across sectors including fintech, healthtech and edutech
Xare allows users share access to their account and credit card with friends and family
ASPIRE hopes to reach 5,000 participants in the next 12 months
Gulf Business talks to Wissam Khoury, head of international at Finastra, on the state of Open Banking in the GCC
Traditional lenders and fintech players can grow simultaneously, offering customers a myriad of services
Fintech transactions in the kingdom amounted to over $20bn by the end of 2019
While the pandemic may have rattled industries, the regional startup ecosystem remains resilient
Azure to serve as native cloud infrastructure for Mastercard Labs’ R&D efforts
FinTech ranked first in the region for deals ahead of e-commerce and transport and logistics
Jiaozi Fintech Dreamworks and DIFC will collaborate on key sectors such as blockchain, artificial intelligence, big data and cloud computing
Regional fintech startups hold tremendous room for growth
As Covid-enforced social distancing measures became commonplace, Bahrainis turned increasingly online to conduct financial services
Wahed Invest got the financing from Saudi Aramco Entrepreneurship Ventures unit as part of a $25m funding round
Reward points can be exchanged for cash which will be deposited into the customer’s Samsung Money by SoFi account