Mashreq Bank is advancing its operations by migrating critical databases to Oracle Exadata Cloud@Customer, enhancing its global presence and operational efficiency. This strategic upgrade facilitates expansion into international markets and ensures compliance with data security regulations.
Abhi, a UAE-based fintech, has raised $15 million in debt financing to expand its earned wage access solutions, targeting the UAE’s working population. This funding, led by Shorooq Partners and Amplify Growth Partnership, will help scale operations and enhance financial flexibility for workers.
Chinese fintech group FinVolution has launched Daira, a new lending platform tailored for the Pakistani market.
The initiative aims to support 25,000 retailers across Egypt, enhancing their digital transformation and business growth.
Panel discussions highlighted the role of AI in expanding decentralized finance applications across various sectors.
The academy will offer diverse courses, starting with an AI in FinTech program from UC Berkeley, aimed at developing skills for the digital economy.
FinVolution Group has launched Daira, its new fintech platform in Pakistan, marking a major step in its global expansion. The platform aims to address the country’s financial inclusion gap by providing localized digital financial services. With this launch, FinVolution strengthens its presence in South Asia’s growing fintech market.
Kuwait-based fintech startup Krti has closed a $1.5 million pre-seed investment round with Core Vision Investment. The funding supports the upcoming launch of Krti’s innovative loyalty program, aimed at maximizing the benefits of users’ bank cards in Kuwait and Saudi Arabia.
Dell Technologies has partnered with Alinma Bank to enhance the bank’s digital transformation initiatives in Saudi Arabia. The memorandum of understanding, signed during the 24th Fintech Summit, will focus on developing innovative data center solutions and leveraging Dell APEX to provide flexible IT services, enhancing Alinma Bank’s technological capabilities.
Network International has partnered with AlWasleh to enhance buy now, pay later services across the Middle East. This collaboration will enable seamless installment payment solutions and exclusive discounts for customers, while also allowing AlWasleh to introduce co-branded Visa credit cards, expanding their reach and improving consumer experiences.
