Posts Tagged ‘Middle East’
Finastra: Global banks partnering with fintechs to reduce operational costs
Three in four global banks intend to connect with an average of three fintechs in the next 12 to 18 months, research by Finastra found.
Read MoreKonsentus enters MENA citing ‘wealth of opportunities’ for its services
The open ecosystem regtech provider has also appointed a MENA managing director to begin working with regional stakeholders.
Read MoreTemenos signs agreement with NdcTech to bring ‘Country Bank Model’ to seven Middle Eastern countries
NdcTech will develop regulatory and business-specific localised functionality to enhance the ‘Model Banks’ framework for banks of all sizes in Bahrain, Kuwait, Oman, Pakistan, Qatar, Saudi Arabia and UAE.
Read MorePayment fintech Pyypl closes $20m Series B funding round
The Middle East and Africa (MEA)-focused financial services platform plans to expand its reach across the region.
Read MoreOpen Banking platform Tarabut Gateway secures $13M Seed funding round
Tarabut Gateway, which has offices in Abu Dhabi, Dubai, London, and Manama, will use the funding to support with expanding regionally and developing current product offerings.
Read MoreFintechs partner for Middle East lending revolution
Qarar’s algorithms will be used on Aion’s banking platform so banks can offer quicker lending decisions.
Read MoreNBB announces Open Banking partnership
In November 2018, the Central Bank of Bahrain introduced regulation that mandated the adoption of Open Banking by all banks in the Kingdom by June 2019.
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