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Fintech News from the Middle East and North Africa (MENA)

Fintech News from the Middle East and North Africa (MENA)

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As Finovate prepares for its first conference in the Middle East, here’s a round up of recent fintech news and need-to-knows from the MENA region. Learn more about how to join us in Dubai in February for FinovateMiddleEast.

  • Panamax Partners, a technology business vertical of Bankai Group, announces partnership with UAE-based fintech, Trriple.
  • Zawya looks at Oman’s leading Islamic bank, Bank Nizwa and its range of sharia-compliant, wholesale banking solutions.
  • Tahawul Tech profiles “The Dubai banking CEO with a PhD in AI,” Dr. Bernd van Linder.

MENA Fintech Fact Analysts expect the number of startups in the MENA region to grow to 250 by 2020, with half offering payment solutions and a third innovating in the money lending and capital raising space, per to Wamda.

  • U.A.E.’s NOW Money offers an explainer: UAE VAT for Fintech companies explained
  • Revenue management and customer experience specialist SunTech teams up with Abu Dhabi’s Al Hilal Bank.
  • BitOasis founder Ola Doudin talks crytocurrency regulation with Zawya.

Thought Leadership Bahrain aims to become gateway to FinTech in the Middle East according to Bahrain Economic Development Board managing director Simon Galpin in FinTech Global.

  • JadoPado and Esanjo founder Omar Kassim previews plans to launch cryptocurrency exchange, BitPado.
  • The Central Bank of Iran (CBI) to modernize online banking transactions with tokenization announcement.
  • Kuwait Times article on rental laws in Kuwait references Ajar Online as an example of an innovator in paying rent online.