In a strategic move to tap into the vibrant technology and business innovation ecosystem of the United Arab Emirates (UAE), SC Ventures, Standard Chartered’s innovation and fintech investment arm, announces plans to open an office in the Abu Dhabi Global Market (ADGM), the International Financial Centre of the UAE’s capital. The initiative aims to leverage...
In a strategic collaboration, Valu, the leading financial technology powerhouse in the MENA region, has announced its partnership with Bosta, the foremost tech-enabled last-mile delivery service provider in Egypt and Saudi Arabia. Through this strategic agreement, Valu aims to transform the shipping landscape in Egypt by introducing an innovative installment on delivery (IOD) feature through...
In a strategic move to revolutionize last-mile logistics for e-commerce deliveries in India, Ecom Express Limited, a leading tech-driven logistics solutions provider, has announced the launch of Bulls.ai. This innovative platform aims to simplify address-related challenges, particularly in small towns and cities, leveraging the extensive data derived from nearly 2 billion parcels delivered by Ecom...
Kuwait International Bank (KIB) has announced significant enhancements and new services on its digital real estate platform, ‘KIB Aqari’. This platform, dedicated to customers interested in buying, selling, and renting real estate properties, introduces pioneering features to streamline various real estate transactions. Fahad Al Saleh, Manager of the Real Estate Advisory Division and the Product...
Diebold Nixdorf, a leading provider of retail solutions catering to over 150 retailers globally, has officially initiated the rollout of its innovative AI-based checkout solutions, as showcased at the recent NRF Big Show. This state-of-the-art technology, named “Vynamic® Smart Vision I Shrink Reduction,” aims to address and prevent common sources of loss at both self-service...
CoorB, a company specializing in information technology and digital financial services, has announced its official entry into three significant markets in the Middle East and Africa: the Kingdom of Saudi Arabia, the Arab Republic of Egypt, and the United Arab Emirates. With a commitment to overcoming legacy system limitations and modernizing financial institutions’ infrastructure, CoorB...
KARTY, an emerging Qatari fintech startup, has achieved a significant milestone by successfully concluding a substantial seed funding round, amassing over $2 million dollars, equivalent to more than 7.3 million Qatari Riyals. This substantial funding, garnered from various local investors, marks a crucial moment in KARTY’s journey toward making a substantial impact in the Qatari...
Cognizant has announced a strategic collaboration with Microsoft for the launch of the Innovation Assistant, a cutting-edge AI-powered tool built on Microsoft Azure OpenAI Service. This innovative tool will play a pivotal role in enhancing Cognizant’s internal innovation program, Bluebolt. The Innovation Assistant represents a groundbreaking leap in enterprise knowledge assimilation, fostering greater creativity and...
Nokia and etisalat by e& (Etisalat) have announced the successful completion of the first trial of Cloud RAN (Radio Access Network) in the Middle East and Africa (MEA) region. This milestone was achieved through In-Line acceleration over Hewlett Packard Enterprise’s (HPE) ProLiant DL110 Gen11. The trial aims to enhance the 5G experience for end users...
Deloitte, the globally renowned professional services firm, has joined forces with Fintech Saudi to propel the growth of emerging companies within Saudi Arabia’s financial technology sector through the groundbreaking Makken Program. This initiative, a cornerstone of Saudi Fintech, a collaborative effort between the Saudi Central Bank and the Capital Market Authority, seeks to position Saudi...