Tarabut Hires Saudi Lead to Spearhead Open Banking Growth in the Kingdom
- 1 year 1 month ago
- People Moves
Tarabut, MENA’s first and leading open banking platform, announces the appointment of Munthir Alsheddie as the company’s Country Manager in the Kingdom of Saudi Arabia.
Proactive Brits Set Financial Goals for New Year’s Resolutions in 2024
- 1 year 1 month ago
- Personal Finance
As the new year unfolds, Loqbox, a UK-based financial wellbeing business, reveals compelling insights from a survey of over 2,300 of its members, indicating a commitment to financial health among Britons in 2024.
P2P Investments, Bonds and Deposits Build an Optimal Portfolio in 2024
- 1 year 1 month ago
- Investment
Robocash specialists analyzed 9 different investment assets to determine the optimal portfolio structure. The research examined 10 portfolio allocation models* and considered asset correlations. The Black-Litterman model portfolio promises the highest returns in 2024 but suggests allocating all funds to crypto. “Of course, this approach contradicts the idea of diversification and significantly increases the risks of investments”. - the...
Kindcard, Inc. Signs Letter of Intent with Cutting-Edge PayTech Banking Platform
- 1 year 1 month ago
- PaaS
Kindcard, Inc., an innovative FinTech and PayTech company that provides alternative “Closed-Loop” payments solutions to businesses across a wide variety of merchant verticals through its wholly owned subsidiary, Deb, Inc., today announced that it has entered into a Letter of Intent with Acepay, Inc. in connection with the Company’s potential acquisition of OpenTransact.
AMLYZE and TransactionLink Announce Strategic Partnership to Revolutionize AML/KYC Automation
- 1 year 1 month ago
- AML and KYC
AMLYZE, a leading RegTech specializing in anti-financial crime solutions for FinTechs, banks and crypto businesses, is excited to announce a strategic partnership with TransactionLink, the Berlin-based no-code platform, in a move that will transform the landscape of Anti-Money Laundering (AML) and Know Your Customer (KYC) automation. This collaboration will enable TransactionLink's clients to have most stages of their AML journey handled by...
Dubai Duty Free Leverages Alipay+ Solutions to Reimagine Seamless Shopping Experience for International Visitors
- 1 year 1 month ago
- Payments
Dubai Duty Free, one of the world’s largest travel retail operators, today announced its partnership with Alipay+ to power a seamless travel and checkout experience for international visitors. Consumers from South Korea, Singapore, the Philippines, Thailand, Mongolia, and Italy as well as Chinese mainland, Hong Kong, and Macao are now able to access promotions and pay with their home digital apps at duty-free stores in Dubai and Al Maktoum...
Fimple Completes Bridge Investment Tour, Securing a Total of $5.5 Million Investment
- 1 year 1 month ago
- Fundraising News
Following the $2 million investment obtained in the previous pre-seed round, Fimple has now secured an additional $3.5 million investment in the Bridge Investment tour, adding a new angel investor to its list. Led by Apy Ventures, the tour saw participation from KT Portfolio, Tera Portfolio, and angel investors. This total investment of $5.5 million aims to strengthen Fimple’s position as a leader in the finance industry by supporting the...
TPAY Releases a White Paper Highlighting How Mobile Money Can Help Merchants and Operators in Boosting their Revenues
- 1 year 1 month ago
- Payments
TPAY, the leader in payments in the Middle East, Africa, and Turkey (META), has released a white paper explaining how mobile money payment is enhancing users' capabilities to accommodate digital payments and in-store purchases while also growing the merchants’ and wallet providers’ businesses, bridging the gap between the digital and physical realms of finance.
Blackstone Signs Definitive Agreement to Acquire Sony Payment Services
- 1 year 1 month ago
- Investment
Blackstone today announced that Private Equity funds managed by Blackstone have entered into a definitive agreement to acquire a majority stake in Sony Payment Services Inc., one of Japan’s leading payment service providers, from Sony Bank, a wholly-owned subsidiary of Sony Group. Sony Bank will roll over a certain portion of its equity and will continue to support the growth of SPSV as a minority investor.
IsDBI Begins Development of Islamic Finance Knowledge Pavilion Marketplace
- 1 year 1 month ago
- Islamic Finance
The Islamic Development Bank Institute (IsDBI) has kicked off the development of the pioneering Islamic Finance Knowledge Pavilion Marketplace. The Pavilion will provide a digital marketplace of validated solution providers (institutions, consultants, and experts) in Islamic finance and economic development, and offer a one-stop shop for listing opportunities and seamless digital experience in the matchmaking of suppliers and customers.
Card Spending Grew Just 4.1 Percent in 2023 as Barclays Reveals the Top 10 Consumer Trends of 2023
- 1 year 1 month ago
- Personal Finance, Payments
Consumer card spending increased just 4.1 percent year-on-year in 2023 – noticeably lower than the growth seen in 2022 (10.6 per cent) – as Brits cut back on new clothes, eating out and home improvements amid rising inflation and household bills. However, consumers continued to prioritize moments of joy and shared experiences, boosting travel, entertainment, and pubs & bars.
Invest Qatar Launches Ai.SHA, an Azure Open AI GPT-Powered Chatbot
- 1 year 1 month ago
- Artificial Intelligence, PaaS
The Investment Promotion Agency Qatar (Invest Qatar) has partnered with Microsoft to develop AI.SHA is an innovative AI-powered assistant harnessing GPT capabilities through the Azure OpenAI service. This groundbreaking initiative positions Invest Qatar as one of the first investment promotion agencies (IPA) in the world to adopt advanced technology, paving the way for transformative changes in professional interactions between investors and...
Circle Secures Conditional DASP Registration and Appoints Head of French Operations
- 1 year 1 month ago
- Payments
Circle, a global financial technology firm and the issuer of USDC and EURC, has today announced receipt of a conditional registration as a Digital Asset Service Provider (‘DASP’, or ‘Prestataire de Service sur Actifs Numériques’ (PSAN)) with the French Financial Markets Authority (‘Autorité des Marchés Financiers’ (AMF)).
Tameed Platform Closes Series A Funding Round of $15 Million Led by Alromaih Investment Group
- 1 year 1 month ago
- Fundraising News
Tameed Digital Lending Platform, which offers shariah-compliant Government Purchase Orders Financing for SMEs in Saudi Arabia, announced that it has successfully closed a funding round (Series A) amounting to SAR 56.75M (USD 15M) led by Alromaih Investments.
AppTech Successfully Boards its First International Airport Onto its Newly Acquired FinZeo Platform for Payment Processing
- 1 year 1 month ago
- Payments
AppTech Payments Corp., a pioneering Fintech company powering frictionless commerce between business-to-business and business-to-consumer, announces Reno International Airport as the first international airport to adopt its newly acquired FinZeo platform, which manages all financial transactions and payments within the airport’s facilities. The Company anticipates additional airports to fully adopt the platform in the coming weeks.
