STC Bank, the digital banking arm of Saudi Telecom, has received an $800 million capital infusion to expand its services. The funds will enable the bank to offer a wider range of financial products, supporting its strategy to diversify and contribute to Saudi Arabia’s Vision 2030 by modernizing its financial sector.
Al Ansari Financial Services has completed its $200 million acquisition of BFC Group Holdings, expanding its market leadership in the Gulf region. The acquisition increases its customer base by 29% and branch network by 60%, while enhancing its digital and AI capabilities to further strengthen its position in financial services.
SS&C Technologies has opened a new office in Riyadh to deepen its ties with Saudi Arabia’s financial sector. This expansion supports the company’s growth in the region, where it already serves 150 clients. The new office will focus on enhancing collaboration with local regulators and providing tailored services.
Maseera has acquired ADVA, an Egyptian consumer finance platform, to enhance its financial services. The acquisition aims to leverage AI-driven lending solutions to provide inclusive financing for underserved segments in Egypt, particularly in healthcare and education. This move supports Maseera’s global expansion and financial inclusion mission.
MetLife Bangladesh has expanded its ‘One by MetLife’ app, now available across iOS, Android, and web platforms. Offering 24/7 telemedicine, online medicine delivery, health assessments, and financial planning, the app has surpassed 1.3 million downloads. This expansion supports the company’s goal to provide accessible digital healthcare and financial services in Bangladesh.
du has announced its Diamond Sponsorship of the GDRFA New Year’s event for the blue-collar community in Dubai. The event will feature performances, giveaways, and special promotions through alo. Additionally, du Pay will provide exclusive financial services, emphasizing inclusivity and accessibility for all UAE residents.
Al Baraka Bank Egypt has launched a new mobile banking app as part of its 2023-2025 strategy to enhance its digital ecosystem. The app, along with an upgraded internet banking service, aims to expand the bank’s digital presence, attract new customers, and provide innovative solutions, especially for corporate clients.
This collaboration aims to provide faster, more efficient, and secure digital payment options for consumers and businesses.
du Pay has partnered with Emirates NBD to enhance digital financial services in the UAE by offering users a unique virtual IBAN for seamless fund transfers. The collaboration also allows cardless cash withdrawals from Emirates NBD ATMs, improving user convenience and reinforcing both companies’ commitment to innovation in banking.
Barq, a Saudi fintech leader, has partnered with Mastercard to enhance payment solutions in the Kingdom. Leveraging Mastercard Gateway, the collaboration aims to provide businesses and consumers with secure, efficient, and innovative payment systems, boosting fraud prevention and processing efficiency for Barq’s customers.
