#Fintech

Open Banking set to transform finance in the GCC

Gulf Business talks to Wissam Khoury, Head of International at Finastra, on the state of Open Banking in the GCC

Why GCC banks and fintech startups must realign their interests for greater good

Traditional lenders and fintech players can grow simultaneously, offering customers a myriad of services

Fintech industry growing by 18% annually in Saudi Arabia: report

Fintech transactions in the kingdom amounted to over $20bn by the end of 2019

Regional startups on a ‘growth’ trajectory amid Covid-19 crisis

While the pandemic may have rattled industries, the regional startup ecosystem remains resilient

Mastercard taps Microsoft Azure to boost R&D in ecommerce, fintech

Azure to serve as native cloud infrastructure for Mastercard Labs’ R&D efforts

Startupbootcamp establishes regional headquarters at Dubai’s DIFC

FinTech ranked first in the region for deals ahead of e-commerce and transport and logistics

DIFC

China strengthens fintech cooperation with Dubai through new agreement with DIFC

Jiaozi Fintech Dreamworks and DIFC will collaborate on key sectors such as blockchain, artificial intelligence, big data and cloud computing

Why the regional fintech ecosystem is booming

Regional fintech startups hold tremendous room for growth

Bahrain digitisation

Why digitalisation has helped Bahraini banks escape the brunt of Covid-19

As Covid-enforced social distancing measures became commonplace, Bahrainis turned increasingly online to conduct financial services

Aramco backs New York fintech firm offering Islamic investments

Wahed Invest got the financing from Saudi Aramco Entrepreneurship Ventures unit as part of a $25m funding round

Samsung Money

Samsung Money debit card readies for summer launch

Reward points can be exchanged for cash which will be deposited into the customer’s Samsung Money by SoFi account