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Wa’ed and Fintech Saudi collaborate to launch the 2022 Fintech Accelerator Program

Wa’ed, the entrepreneurship arm of Saudi Aramco, has collaborated with Fintech Saudi as a strategic partner, along with regional seed and early-stage venture capital firm Flat6Labs,...

YAP selects FSS unified issuance platform and secure 3D to support global expansion

FSS (Financial Software and Systems), a global provider of integrated payments and a payments processor announced its collaboration with YAP, the United Arab Emirates’...

Al Mulla Exchange teams up with Nium to improve global payment options

Global payments and cards issuance provider Nium announced today a strategic partnership agreement with Al Mulla Exchange, a member of Al Mulla Group and Kuwait’s leading remittance and...

DFSA grants ABK DIFC Branch Category 1 Banking License

DIFC announced today that it has been awarded a ‘Category 1 Banking License’ by the Dubai Financial Services Authority (DFSA). The license upgrade allows...

Emirates Institute for Banking and Financial Studies marks successful 2021, delivers 701 programs to 32,317 trainees

Emirates Institute for Banking and Financial Studies (EIBFS) announced the successful training of 32,317 professionals working in the banking and financial sector in 2021—marking...

80 percent growth in bank deposits in 10 years: Federal Competitiveness and Statistics Centre

Deposits at UAE banks grew 80% to AED1,884 billion in 2020 from AED1,049 billion in 2010, according to a report by the Federal Competitiveness...

R/GA London partners with NBK to create ‘Weyay’ – the first fully-digital bank in Kuwait

R/GA London partnered with the National Bank of Kuwait (NBK) on the launch of Weyay, the very first fully-digital bank in Kuwait. Built from the...

GFH spins out infrastructure investments into newly established “Infracorp”

GFH Financial Group (GFH) announced the spinning out of its infrastructure and real estate assets under the newly established “Infracorp” capitalized with more than...

MENA Fintech Association launches the Sustainable Fintech Alliance

The MENA Fintech Association (MFTA), the leading voice of the Fintech community in the region, has launched the Sustainable Fintech Alliance, with the mission...

GPS upsizes round to over US$400 million with participation of new investors to accelerate investment in next generation payments technology

Global Processing Services (“GPS”), a global payment technology platform, today announced the closing and upsizing of its latest fundraise at over US$400 million. Temasek...

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