Dutch banking takes courage from cybercrime exercises
ING and friends mimicked WannaCry ransomware attack.
Middle East
ICS Financial Systems and Arab Jordan Investment Bank complete blockchain PoC
PoC done via ICS Banks Blockchain Adapter.
CBD keen to go digital, foster innovation and retain talent
Commercial Bank of Dubai (CBD) has recruited consultancy firm PwC to assist it with its digital transformation.
Helios takes a shine to TPAY with majority stake
Africa-focused private investment firm gets 76% stake in paytech.
Ithmaar Bank and Eazy Financial Services team for biometric payment network
Bahrain-based Ithmaar Bank and Eazy Financial Services to launch the region’s first biometric payment network.
Al Salam Bank Bahrain revamps mobile banking with Clayfin
ASBB has launched a new mobile banking solution underpinned by Clayfin’s technology.
Amex to pilot Neener Analytics tech in Middle East
Amex’s Accelerate Middle East to pilot Neener Analytics’ social media analytics tools.
Abu Dhabi regulator tightens up funding rules
ADGM also teams with Beijing-based firm for Belt and Road initiative.
United Bank of Egypt completes Finastra core banking revamp
The selection for retail, corporate and treasury business was made in 2016.
Wealthtech Sarwa raises $1.3m in funding
Automated and human investment advice catching on.
Finastra sittin’ on the dock of the Bahrain FinTech Bay
Vendor looks for fintech action in the Middle East.
AI wealthtech Pagaya closes $14m funding round
Its tech is meant to help institutional investors and asset managers.
German minister calls for independent EU Swift payments network
To bypass the US sanctions on business with Iran.
Tel Aviv Stock Exchange links up with London and BSO
Israeli trading expands with better network.
Fosun feeds $5m to Israeli fintech platform The Floor
This marks Fosun’s second investment in Israel.
Bahrain’s SNIC Insurance selects TCS Bancs for digital revamp
For general and medical insurance, financials and BI.
UAE’s Rakbank implements Kamakura’s cash management
The solutions cover balance sheet management and funds transfer pricing.
Visa invests in Behalf for SME financing push
All part of Visa’s commitment to invest up to $100m in fintech.
National Bank of Bahrain launches digital banking platform
Partnered with Almoayyed International Group.
Ziraat Bankasi KSA in core banking system upgrade with NDC and Temenos
Ziraat Bankasi KSA has upgraded its core banking system, Temenos’ T24, from R10 to R17.
Al Baraka Bank Lebanon kicks off core banking revamp
It is a long-standing user of Misys’ (now Finastra) Equation.
Bank Leumi to sell card business to Warburg Pincus for $682m
Warburg Pincus opens its fintech warchest yet again.
Isbank opens API portal in Turkey
Initially offering 14 APIs for developers.
Saudi Arabia going mada with NFC mobile payments by Visa
In an effort to digitise the country by 2030.
PayU acquires ZOOZ to build cross-border payment platform
With aims to expand to high-growth markets.
Banco Sabadell’s hub chasing innovation in Israel with €7.5m investment
InnoCells has invested in Cardumen Capital.
Turkey launches fintech task force
Wants to make nation a global hub.
Maalem Financing moves to Path Solutions’ iMAL Islamic core banking platform
Saudi Arabian firm will replace legacy systems.
Planck Re yanks in $12m for insurance plans
Israeli insurtech offers AI-powered commercial underwriting services.
Banque Libano-Française in Iraq upgrades Temenos’ T24 core banking system
The bank will upgrade the rest of its divisions subsequently.
Axe Finance goes live with Skye and signs up BPI and Al Rahji
Good times for Axe Finance.
UAE digital payments start-up Foloosi fires up
New firm offers cashless transactions through a digital wallet.
Bahrain Development Bank unleashes $100m VC fund
Will provide support to Middle East start-ups.
Abu Dhabi regulator brings crypto under control
Follows the completion of a public consultation.
Israel’s crypto regulations drama drags on
Now the Association of Banks in Israel demands regulation.
Bahrain National Holding in insurtech revamp with TCS Bancs
New tech is part of BNH’s “ambitious transformation strategy”.
Finovate in 2018: a search for fintech’s frontier
Where is the future of fintech?
Emirates NBD unveils EasyHub digital kiosk
The Emirates NBD EasyHub capabilities go far beyond a typical ATM, Diebold Nixdorf says.
Orange and Google looking to fund fintech start-ups
Interested in IoT, cybersecurity, cloud and AI in EMEA.
Israel postpones cryptocurrency exchange regulations
Four month delay greeted with deep disdain by fintech firms.
