Today we issued a significant press release covering the phenomenal growth that OpenFin is experiencing, propelled by the launch of Workspace (the visual components of OpenFin OS) in May last year. But I want to highlight one really important piece of additional news that was contained in the release and explain more.

OpenFin, the operating system (OS) of enterprise productivity, today announced record growth for the first half of 2022 on the strength of its new Workspace offering.  In addition to significant wins within the finance space and a $10M investment from ING Ventures, OpenFin expanded its footprint to the government sector through a strategic partnership and investment from In-Q-Tel (IQT), the not-for-profit strategic investor serving the U.S.

Egyptian fintech MoneyFellows has raised $31 million for its mobile-based platform for money circles - where a group of people put money into a pot for a specific period so that they can save and borrow together.

Popular in Egypt and other Arab countries under the name “Gameya”, Money Circles are also known as Rotating Savings and Credit Associations (ROSCAs).

Wirex, a leading crypto wealth and payment platform, has launched DUO, the dual-asset high yield-generating tool that earns users up to 200% returns. DUO will make earning simpler than ever before with guaranteed yield paid in crypto every time.

Temenos today announced that Baiduri Bank, one of the largest providers of financial products and services in Brunei, has signed with Temenos for core banking on the Temenos Banking Cloud. With this move, Baiduri Bank will be the first bank in Brunei to operate its core banking platform in the cloud under the SaaS model.

iProov, the world leader in face biometric authentication technology, announced today that it has been named an Innovation Leader for its best-of-breed biometric verification solutions in the KuppingerCole Leadership Compass for Providers of Verified Identity 2022.

Finaro, the global cross-border payment provider and fully licensed bank, has today announced a new strategic partnership with EveryPay, the Greek payment gateway provider, to boost in-store payment acceptance for Greek merchants.

AccessPay, the leading corporate-to-bank integration partner, and Finastra, a global provider of financial software applications and marketplaces, have teamed up to remove the challenges and reduce the costs associated with traditional corporate banking’s host-to-host connections. 

The Dubai Financial Services Authority’s (DFSA) Crypto Token regime comes into force today. This regime forms the second phase of the DFSA’s work in this area following the introduction of a regime in the Dubai International Financial Centre (DIFC) for the Regulation of Investment Tokens in October 2021.