Kuwait’s Boubyan Bank partners with Swiss vendor Temenos to modernize its core banking systems, enhancing corporate, retail, and wealth management operations. The scalable platform supports Islamic banking, aiming to improve agility, efficiency, and personalized services. Boubyan joins other Temenos clients like Eurobank Cyprus, Haventree Bank, and Credicorp Capital.
Egyptian fintech Qardy raised a seven-figure pre-seed round from White Field Ventures, Vastly Valuable Ventures, and angel investors. Founded in 2022, Qardy connects MSMEs with financial institutions. The investment will enhance Qardy’s platform, expand services in the MENA region, and accelerate growth in KSA, emphasizing transparency and customer satisfaction.
BANK OF AFRICA has partnered with Mastercard to accelerate the digitalization of payments in Morocco. This collaboration aims to enhance the bank’s card portfolio, launch innovative solutions, and promote financial inclusion. The partnership leverages Mastercard’s expertise to support BANK OF AFRICA’s offerings and contribute to the growth of Morocco’s digital payments ecosystem.
Qatar is set to launch a comprehensive digital assets framework by the end of the year, aiming to integrate digital assets into its financial ecosystem. The initiative includes a Digital Assets Lab and advances in digital currency, positioning Qatar as a key player in global digital finance and enhancing its financial sector’s competitiveness.
