The Dubai startup, which is backed by American accelerator Y Combinator, hopes to assist small business owners in the UAE “who run the entirety of operations themselves.”
financial technology
digital payments
Security emerges as top reason for consumers to opt for online payment: Survey
It also revealed that a majority of respondents wanted to know how their personal information would be handled and protected before providing it to an e-commerce site
accelerator programme
Fintech Saudi’s second accelerator programme sees participation of 12 startups
The three winning startups at this year’s programme were awarded a financial grant of SAR 50,000 each by Saudi Aramco Entrepreneurship Center
automobile industry
UAE’s ‘NextGenFDI’ gets its latest catch – US-based fintech Way.com
The Silicon Valley-incubated direct-to-consumer marketplace will offer a basket of services in the auto sector such as car financing, car insurance, breakdown services, car wash and parking assistance to customers in the UAE market
banking experience
Digital bank Zand gets UAE regulatory greenlight
Pegged as the UAE’s first fully digital bank, Zand will offer both retail
and commercial products and services
Arif Amiri
DIFC launches region’s first open finance lab
The six-month programme includes banks, fintech players, regulators and the industry with the potential to unlock the next wave of growth for the sector
Abdulaziz Al Afaleq
Saudi Arabia’s contactless payments reach 95 percent of total POS transactions, $126bn for 2021
Kingdom ranked number one in MENA for NFC payments adoption, followed by the UAE and Kuwait, in 2020 Visa study
digital finance
Factors driving the fintech evolution within the MENA region
Daniel Kimerling, founder and managing partner at venture capital firm Deciens, outlines his thoughts on embedded fintech, regulatory frameworks, open banking and more
Dubai banking
Dubai’s Mashreq invests in fintech at centre of F&B payments revolution
Bank says partnership reinforces its commitment to support the burgeoning fintech ecosystem across the UAE
API-as-a-Product (AaaP)
How open are UAE bankers to the idea of Open Banking?
Open banking will help financial institutions to better shoulder heavy burdens of attracting customers and providing them product and services. Banks will be able to offload tasks such as product development, sales, marketing, operation, innovation, and even competition to ecosystem partners
Cyber crime
A risk not worth taking: How the financial sector can fight cybercrime
The rush to transform in the past two years has left many organisations dangerously exposed to data threats, such as ransomware
financial technology
Saudi Arabia sees $347m fintech investments as sector continues to boom
Fintech Saudi Annual Report says the number of fintech companies has grown by more than a third over the past year
Brand-as-a-Service (BaaS)
Global fintech investment in EMEA region skyrockets in H1
Region witnesses $39.1bn worth of fintech investment in the first half of the year, including a record $15.1bn in venture capital funding
Debt financing
Tabby’s $50m financing deal seen as milestone moment for Gulf fintech sector
Buy now, pay later provider secures largest debt financing facility by a MENA fintech from Partners for Growth
digital banking
Saudi Arabia grants digital banking license to two firms
STC Bank will have a capital of $667m, while Saudi Digital Bank will have $400m
DIFC
Dubai reveals rapid fintech growth plan as DIFC Innovation Hub opens
DIFC Innovation Hub is set to increase its size four-fold after seeing big demand for space