Hub71, Abu Dhabi’s global tech ecosystem, has selected Metric, a leading financial intelligence solution for small and medium businesses in emerging markets, to join it, as part of its 14th cohort.  Metric announced UAE as its primary market in September 2023, and this move further signifies Metric’s impressive growth trajectory and its commitment to empowering small businesses in the region. Hub71, backed by the global investment powerhouse Mubadala Investment Company, is a highly competitive program known for nurturing innovative startups with global potential. Being selected from 1200 ..read more

Ramco Systems, a leading global enterprise solutions provider specializing in payroll technology, has announced the launch of Ramco Payce, a revolutionary platform-based payroll software, in the UAE. The new payroll solution is designed to transform how businesses in the UAE manage their payroll processes by leveraging cutting-edge technologies such as serverless in-memory computing, data analytics, artificial intelligence, and machine learning. The company said that the launch of Payce in the UAE has further solidified Ramco Systems’ growing presence in the Middle East. Payce offers upgrades ..read more

Sohar Islamic, Sohar International’s Islamic Window, has launched three new credit cards in the Signature, Platinum, and Gold categories. This move intends to expand Sohar Islamic’s card portfolio to offer convenient payment solutions. These new Sharia-compliant cards combine exceptional benefits in travel, wellness, and lifestyle, catering to the growing desire for exclusive services, elevated experiences, and unique products. According to the statement, customers can now enjoy flexible spending management and secure payments through the convenient contactless tap-and-go feature. Furthermore ..read more

Liv, UAE’s first digital bank launched by Emirates NBD, has signed a Memorandum of Understanding (MoU) with Ctrl Alt, a B2B alternative asset solutions provider, to explore infrastructure solutions related to the tokenization of real-world assets. The MoU was signed at the Dubai FinTech Summit by Marwan Hadi, Group Head of Retail Banking and Wealth Management at Emirates NBD, and Matt Ong, Founder and CEO of Ctrl Alt. Marwan Hadi Group Head Retail Banking & Wealth Management Emirates NBD “Liv is the first bank in the UAE to explore offering tokenized real-world asset investing opportunitie ..read more

CrediMax, a leading Credit Card Issuer and Acquirer in Bahrain, has become the first company in the kingdom to introduce Click to Pay via Mastercard Gateway, providing consumers with instant access to their preferred cards on every device. Click to Pay offers a user-friendly interface that enables cardholders to effortlessly complete online purchases with a single click. By eliminating the requirement for manual password entry, shoppers can now enjoy a hassle-free checkout experience, saving valuable time and reducing the risk of errors. With Click to Pay, they can securely use their preferred ..read more

Nium, the global leader in real-time cross-border payments based in Singapore, has partnered with Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, to empower customers with a cutting-edge global payments solution that will redefine the financial services landscape in the Middle East and beyond. The partnership, subject to regulatory approvals, seeks to elevate the remittance experience with seamless, instantaneous cross-border transfers between the UAE and countries worldwide. Remittances from the UAE have been driven by a growing expatriate po ..read more

Astra Tech, the leading consumer technology holding group in the MENA region, has launched Palm Pay through its CBUAE-licensed fintech subsidiary PayBy, which holds the exclusive patent for this innovative technology, at the Dubai Fintech Summit.  Palm Pay, the first technology of its kind in the UAE and the region, is a pioneering contactless palm recognition service that enables customers to effortlessly hover their palm over a device to make payments. It is a payment solution that aims to simplify the fintech offerings of merchants across the country beyond PayBy’s ..read more

The Capital Markets Authority of Kuwait (CMA Kuwait) has agreed with the Islamic Development Bank Institute (IsDBI) to collaborate in areas of mutual interest particularly in the areas related to Islamic Finance. The Capital Markets Authority is responsible for regulating capital market activities in the State of Kuwait and aims to create a vibrant Islamic capital market based on fairness, competitiveness, and transparency.  It also works for developing the financial markets, diversifying and developing investment tools, striving to comply with international best practices, educating the ..read more

National Bank of Kuwait (NBK) has become the first bank in Kuwait and one of only six banks in the Middle East and North Africa (MENA) region to join the global industry-led partnership, the Partnership for Carbon Accounting Financials (PCAF). The joining is for measuring and disclosing the greenhouse gas (GHG) emissions associated with its lending and investment portfolio. This turning point in the Bank’s sustainability journey reinforces its commitment to responsible banking, aligning with its goal of achieving carbon neutrality by 2060. PCAF initiative aims to assist financial institut ..read more

Sohar International, the fastest-growing bank in Oman, has launched a cutting-edge payment gateway to empower merchants with unprecedented efficiency. This state-of-the-art solution serves as a seamless conduit for online transactions, facilitating the smooth flow of information between websites, mobile applications, and payment processors. With the capacity to handle a diverse range of card payments, spanning from credit and debit to prepaid cards, this advanced solution reflects Sohar International’s dedication to providing merchants with a reliable platform to elevate transaction experience ..read more