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Fintechnews Middle East

Saudi Insurtech Najeeb.ai Secures Pre-Seed Funding for AI-Driven Growth

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Saudi-based Najeeb.ai, a platform integrating AI with insurance technology, has announced the successful completion of its pre-Seed funding round, supported by a group of local and regional angel investors. The funding will be directed towards the development of AI-driven products, expanding integrations with insurance companies and healthcare providers, and enhancing operational capabilities ahead of both […]

The post Saudi Insurtech Najeeb.ai Secures Pre-Seed Funding for AI-Driven Growth appeared first on Fintechnews Middle East.

JCB, STC Bank Partner to Explore Card Acceptance in Saudi Arabia

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JCB International, the international operations subsidiary of JCB, Japan’s only international payment brand, and STC Bank have signed a MoU to begin discussions on enabling JCB payment acceptance in Saudi Arabia. The MOU provides a framework for both organisations to explore opportunities to expand card acceptance and improve payment services for JCB customers in Saudi […]

The post JCB, STC Bank Partner to Explore Card Acceptance in Saudi Arabia appeared first on Fintechnews Middle East.

Jeel and Mambu Collaborate to Develop Saudi’s Fintech Sandbox

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Jeel, the innovation and technology subsidiary of Riyad Bank, has partnered with Mambu, a global cloud-native core banking platform, to enhance the unified ecosystem supported by the newly launched Jeel Sandbox. The Jeel Sandbox, developed in collaboration with Fintech Saudi, is Saudi Arabia’s first fintech sandbox accelerator aimed at enabling startups, financial institutions, and innovators […]

The post Jeel and Mambu Collaborate to Develop Saudi’s Fintech Sandbox appeared first on Fintechnews Middle East.

Binance’s BPay Global Enables Direct USD Transfers in 70+ Countries

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Binance has introduced direct USD deposits and withdrawals for users in more than 70 countries. The service is available through BPay Global, a payment service provider licensed and regulated by the Central Bank of Bahrain and part of the Binance Group. Retail and corporate users in eligible countries can fund, store, and convert USD to […]

The post Binance’s BPay Global Enables Direct USD Transfers in 70+ Countries appeared first on Fintechnews Middle East.

Numou Launches Procurement Financing for UAE SMEs

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Numou, a subsidiary of ADGM, has launched Procurement Financing, a new initiative aimed at helping SMEs with government or corporate contracts access funding. The solution links confirmed contract demand with financing via Numou’s digital platform, addressing the funding gap SMEs often face when executing government contracts. The programme allows SMEs to secure funding while enabling […]

The post Numou Launches Procurement Financing for UAE SMEs appeared first on Fintechnews Middle East.

TeleMoney and Mastercard Team Up for International Money Transfers

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TeleMoney, the international money transfer service offered by Arab National Bank (anb) in Saudi Arabia, has partnered with Mastercard to provide cross-border payment services through Mastercard Move. Through Mastercard Move, TeleMoney users can send international payments to over 160 countries. The partnership addresses growing demand for efficient digital solutions for cross-border payments. “With digital transformation […]

The post TeleMoney and Mastercard Team Up for International Money Transfers appeared first on Fintechnews Middle East.

Tamara Secures Restricted Finance License from UAE Central Bank

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Tamara has officially been granted a restricted finance license by the Central Bank of the UAE (CBUAE). As one of the UAE’s leading fintech platforms, the company has strengthened its standing as a trusted financial partner. Gaining full regulatory status marks a significant milestone, enabling Tamara to contribute to the objectives of the UAE Vision […]

The post Tamara Secures Restricted Finance License from UAE Central Bank appeared first on Fintechnews Middle East.

MoneyHash and Tabby Partner to Expand BNPL Access in UAE and Saudi

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MoneyHash, a payment orchestration platform, has partnered with Tabby, the Saudi Arabia-based financial services app. The partnership enables merchants to offer Tabby’s flexible payment options across the UAE and Saudi Arabia through MoneyHash’s unified API. Through this integration, e-commerce businesses can provide Tabby’s interest-free instalment options at checkout, helping to improve conversion rates and reduce […]

The post MoneyHash and Tabby Partner to Expand BNPL Access in UAE and Saudi appeared first on Fintechnews Middle East.

Devexperts Strengthens Middle East Presence With Week-Long Networking Program in Saudi Arabia

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Devexperts, the software developer for the global capital markets industry, is expanding its presence in the Middle East with a renewed focus on Saudi Arabia. While progressing a number of projects in the country, Devexperts is also working on expanding its local network. Team members will be attending both Jeddah Fintech Week from 16-17 November, […]

The post Devexperts Strengthens Middle East Presence With Week-Long Networking Program in Saudi Arabia appeared first on Fintechnews Middle East.

AWS, e& Launch ‘AI Nation – Afaaq’ to Train 30,000 in AI Skills

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Amazon Web Services (AWS) and e& have launched the nationwide “AI Nation – Afaaq” programme to train 30,000 individuals in machine learning (ML) and AI. Announced at GITEX Global in Dubai, the initiative forms part of the US$1 billion strategic alliance between e& and AWS established in 2024. e&, which serves over 198 million subscribers […]

The post AWS, e& Launch ‘AI Nation – Afaaq’ to Train 30,000 in AI Skills appeared first on Fintechnews Middle East.

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