In a move set to redefine the financial landscape of Saudi Arabia, Alraedah Digital Solutions, a prominent technology company and the innovation arm of Alraedah Digital Group, has announced a strategic partnership with ABHI, a MENAP-based Fintech specializing in Earned Wage Access and Invoice Factoring. This collaboration signifies a significant milestone in Alraedah’s commitment to...
DECTA, a leading provider of financial technology solutions, has achieved a significant milestone with the acquisition of an EMI licence. This achievement positions the company to introduce a range of cutting-edge financial services, including Acquiring Solutions, Digital Banking, Card Issuing, and comprehensive Issuer and Acquirer Processing technologies. The attainment of this licence underscores DECTA’s unwavering...
Financial services firm GSB has secured approval for a license from the Central Bank of Ireland (CBI), marking a significant milestone in its expansion strategy to serve clients across Europe. With the green light from the CBI, GSB Capital Ireland is poised to provide a comprehensive suite of advisory services encompassing pensions, investments, and insurance....
First Abu Dhabi Bank (FAB), the UAE’s largest bank, and Microsoft have inked a strategic business partnership to collaborate on developing new AI-based banking capabilities. The partnership aims to usher in an era of innovation in financial services through the launch of an ‘AI Innovation Hub’. The AI Innovation Hub will be a focal point...
CRIF, Europe’s leading credit information provider, has forged a strategic partnership with BMW Financial Services (GB) Ltd., heralding a new era for Britain’s car buyers. Through this collaboration, more individuals will now receive instant decisions on their lending applications, ensuring a smoother purchasing experience at hundreds of UK vehicle retailers Empowered by CRIF’s advanced open...
BKN301 Group, prominent digital payments and Banking-as-a-Service (BaaS) provider in the MENA region, has unveiled its groundbreaking BKN301 BaaS Orchestrator solution, aiming to revolutionize the financial landscape across the region. The innovative platform is designed to empower businesses, including fintech companies and traditional banks, by offering them the capability to seamlessly integrate financial services into...
In a landmark move aimed at fostering innovation and fortifying bank-fintech collaborations, the Hong Kong Science and Technology Parks Corporation (HKSTP) and HSBC have entered into a transformative three-year partnership agreement. This pioneering collaboration marks a significant milestone as the city’s largest innovation and technology (I&T) ecosystem joins forces with a global banking giant to...
Mastercard and Bahrain Commercial Facilities Company (BCFC) have joined forces to unveil the Mastercard UEFA Champions League card issued by IMTIAZ, marking a pioneering initiative in the Kingdom of Bahrain. This innovative payment solution offers a host of benefits tailored to cardholders, aiming to elevate customer service standards and provide an unparalleled payment experience. The...
Qatar Islamic Bank (QIB), the country’s leading digital bank, has unveiled the QIB Lite App, a revolutionary, simplified version of its flagship QIB Mobile App. This innovative offering, available in multiple languages, aims to set new standards for instant payments and simplified transfers at affordable rates. Launched as part of QIB’s commitment to financial inclusion,...
Vodafone and Microsoft announced a sweeping 10-year strategic partnership, uniting their strengths to provide scaled digital platforms to over 300 million businesses, public sector organizations, and consumers spanning Europe and Africa. The partnership aims to revolutionize Vodafone’s customer experience by harnessing Microsoft’s generative AI and leveraging Vodafone’s leading managed IoT connectivity platform. The collaboration will...