Bank, Interest rate, Middle East, United Arab Emirates, Credit card, Financial services

The slow rise of neobanking in the Middle East

On Oct 29, 2020
@matwg shared
Good summary from @WamdaCapital on the state of neobanks in the Middle East following ADQ's announcement of plans to establish a digital bank with an initial capital of $544 million with First Abu Dhabi Bank's legacy licence https://t.co/w0M95wCqxp
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This week’s biggest financial news came from Abu Dhabi after investment firm ADQ, the holding company for some of the biggest assets...

www.wamda.com
On Oct 29, 2020
@matwg shared
Good summary from @WamdaCapital on the state of neobanks in the Middle East following ADQ's announcement of plans to establish a digital bank with an initial capital of $544 million with First Abu Dhabi Bank's legacy licence https://t.co/w0M95wCqxp
Open

The slow rise of neobanking in the Middle East

The slow rise of neobanking in the Middle East

This week’s biggest financial news came from Abu Dhabi after investment firm ADQ, the holding company for some of the biggest assets...

Financial innovation in China: leading the way and one eye on the future

Financial innovation in China: leading the way and one eye on the future

According to the “2018 China Direct Banking White Paper,” 135 online direct digital-only banks, what we would call “neobanks,” were opened by commercial banks in about three years. They ...

Mashreq Bank Partners With Avaya And Koopid To Bring AI To The Heart Of Customer Experience

Mashreq Bank Partners With Avaya And Koopid To Bring AI To The Heart Of Customer Experience

Mashreq's innovation brings Artificial Intelligence to the heart of the bank's self-service capabilities with the region's first digital engagement banking bot.

UBF forum offers insights into banking trends

UBF forum offers insights into banking trends

The sixth edition of the UAE Banks Federation (UBF)’s Middle East Banking Forum concluded today (November 11) in Dubai, offering exclusive insights into emerging opportunities and ...

Three themes shaping GCC financial services

Three themes shaping GCC financial services

By Jorge Camarate, Partner with Strategy& Middle East, Christina Hedra and Krzysztof Ignaciuk of Strategy& Middle East and Mahmoud Al-Salah of PwC Middle East.

Abu Dhabi Global Market awards digital banking licence to Anglo-Gulf Trade Bank

Abu Dhabi Global Market awards digital banking licence to Anglo-Gulf Trade Bank

Anglo-Gulf Trade Bank (AGTB), a global pioneer in digital transaction banking, has received a full digital banking license and Category 1 status from the Financial Services Regulatory ...

Dubai Startup Jingle Pay Targets the Middle East With Digital Neobanking Services

Dubai Startup Jingle Pay Targets the Middle East With Digital Neobanking Services

DUBAI, United Arab Emirates (UAE) -- Dubai-based fintech startup Jingle Pay is bringing neobanking to the Middle East, starting with its home turf of the UAE. The neobank has been ...

Disrupting The Old Order: Fintech In MENA

Disrupting The Old Order: Fintech In MENA

While total investment in fintech companies worldwide in H1 2018 hit US$57.9 billion across 875 deals, the $2 billion fintech market in the MENA region has only seen $10 million in ...

ASEAN's Banking Revolution

ASEAN's Banking Revolution

Banks in Southeast Asia confront integration and fintech amidst explosive growth. Could it be too much, too fast?

China CITIC Bank International (CNCBI): Redefining Banking in Hong Kong and the Greater Bay Area

China CITIC Bank International (CNCBI): Redefining Banking in Hong Kong and the Greater Bay Area

Hong Kong, southern China’s special administrative region, is counted as one of the world’s foremost financial hubs, ranking high in digital transformation, and is currently rolling out ...

The Central Bank of Brazil will roll out open banking implementation

The Central Bank of Brazil will roll out open banking implementation

The Central Bank of Brazil has released open banking regulation, part of a push to promote digitization and transparency of financial services.

Challenger banks in the Middle East

Challenger banks in the Middle East

A free guide to help our readers navigate the Middle Eastern challenger banking space.

Blockchain poised to revolutionise the GCC’s remittance market

Blockchain poised to revolutionise the GCC’s remittance market

MoneyGram CEO Alexander Holmes and chief revenue officer Grant Lines explain the role of emerging technologies in their business

Blockchain, Fintech and the New Age of Banking

Blockchain, Fintech and the New Age of Banking

With blockchain being one of the most disruptive technologies today, it’s easy to understand why most industries aspire to implement its applications in every aspect of their internal ...