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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. Al Baraka Banking Group partners with Path Solutions to deploy iMAL Islamic core banking system. UAE Exchange to Read more…
Smart contracts platform Symbiont announced this week it has teamed up with the Center for Research in Security Prices (CRSP) to help Vanguard improve the distribution of index data. This partnership will allow index data to move between index providers and market participants in real time over a single, decentralized database. The project, which has been Read more…
Just in time for the holidays, Backbase has released version 6 of its next generation digital banking platform. The enhancements include a cloud native architecture, digital banking accelerators, a new digital banking backend, a new entitlements product line, and what Backbase VP of Product Management Jelmer de Jong called “an API architecture ready for the Read more…
‘Tis the season for online shopping (and selling). Today, just weeks after the Texas-based company opened its Asia Pacific office in Sydney, Australia, mass payout platform Hyperwallet began supporting disbursements from Amazon’s Australia marketplace. Starting today, Amazon sellers across the globe can leverage Hyperwallet’s multi-currency payout solution to accept disbursements from sales made on Amazon’s new Australia-based Read more…
The new partnership between NetGuardians and Masaref Business & Systems Consulting (Masaref-BSC) will bring the Swiss fintech’s anti-fraud solutions to even more FIs in the Middle East, according to Director and Board member Oliver Trancart. “Fraud is a growing concern worldwide and the Middle East is no exception,” Trancart said. “So we think NetGuardians’ expertise Read more…
Designed by Freepik 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. Fidor opens regional headquarters in Dubai Silicon Oasis. Saudi Stock Exchange selects Nasdaq in post-trade Read more…
What happens when you’re facilitating the trade of a product that is experiencing extreme hockey stick growth? You expand your team and operations as quickly as possible. This is what Coinbase, an exchange platform for bitcoin, ethereum, and litecoin, is experiencing. The California-based company will have plenty of war stories to tell once this season Read more…
Canada-based payments platform nanopay unveiled its new B2B payments solution for international trading this week. The new platform, which is scheduled to be available to users in February and is currently in private beta, will initially support cross-border payments between the U.S. and Canada. nanopay expects to extend the service to India and China in Read more…
Online alternative lending company Kabbage has revealed its 2017 milestones this week. Here’s a quick, data-heavy review of the Atlanta-based company’s success: Has extended $4+ billion to more than 130,000 small businesses since it was founded in 2009. This represents a 30% increase in both metrics since April 2017. Has reached 1.5 million live data connections Read more…
AutoGravity has appointed Sheng Wang as Chief Technology Officer. The move is a promotion for Wang, who was AutoGravity’s first Director of Product and helped launch the AutoGravity platform in addition to branded platforms for Volkswagen Credit and Kia Motors Finance. “It has been rewarding to see how AutoGravity has already changed the car financing Read more…
Global payments company Worldpay and online payments innovator Klarna are joining forces this week. Starting today, Worldpay clients in Austria, Finland, Germany, the Netherlands, Norway, Sweden, and the U.K. will be able to use Klarna’s invoice and credit-based payments. The new capabilities will enable Worldpay’s ecommerce business clients to offer shoppers new payment options that will Read more…
Cross-border payments company Payoneer announced today it has received funding from China Broadband Capital (CBC). While the amount of funding was undisclosed, the company specified that this week’s Series E-1 round follows the $220+ million Series E round received last year. This adds to the company’s total funding amount, which previously stood at $270 million. Read more…