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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.

  • NCR overhauls self-service network for Oman’s BankDhofar.
  • U.A.E.-based Noor Bank launches redesigned credit and debit cards inspired by modern art and Islamic heritage, as well as a new rewards program.
  • First Abu Dhabi Bank gets green light to begin “arranging and advising activities” in the Saudi Arabian securities market.

Thought Leadership – Growth, Wealth, Modernization Drive Fintech Innovation in the MENA region.

  • Is there a future for cryptocurrencies in Turkey? The country’s Deputy Prime Minister Mehmet Simsek weighs in.
  • Al Rajhi Bank Jordan signs cooperation agreement with Middle East Payment Services
  • Emirates NBD adds Evans Munyuki as Chief Digital Officer and Miguel Rio Tinto as Chief Information Officer to help drive digital transformation.

Thought Leadership – Top Barriers to Fintech Growth in the Middle East – What will it take to bring the benefits of fintech innovation to the people of MENA? Randstad takes a look at some of the key factors, from regulations to technical talent.

  • Forbes Middle East publishes its roster of the top 20 fintech startups in the Middle East.
  • U.A.E tops Arab markets when it comes to Islamic fintech.
  • Abu Dhabi Islamic Bank (ADIB) wins Best Overall Bank in Customer Experience in the U.A.E. at 2017 Retail Banking Customer Experience Benchmarking Index awards for the 7th consecutive year.