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Gulf

ADCB Announces AI-Led Transformation Strategy Targeting AED 4 Billion in Unlocked Value

ADCB Announces AI-Led Transformation Strategy Targeting AED 4 Billion in Unlocked Value

Abu Dhabi Commercial Bank has announced a comprehensive AI-led transformation strategy targeting AED 4 billion in unlocked value through the embedding of...…

Al Rajhi Bank Partners with Mozn to Harness AI in Fraud Prevention

Al Rajhi Bank Partners with Mozn to Harness AI in Fraud Prevention

Al Rajhi Bank has signed a strategic agreement to deploy Mozn's FOCAL platform, strengthening its financial crime compliance framework with AI-driven...…

QNB Group Receives Central Bank of Egypt Licence to Launch Digital Bank 'ezbank'

QNB Group Receives Central Bank of Egypt Licence to Launch Digital Bank 'ezbank'

QNB Group has received a licence from the Central Bank of Egypt to launch ezbank, a new digital bank that will use mobile-first platforms and AI-driven...…

Wio Bank Surpasses AED 50 Billion in Deposits As Digital Banking Adoption Accelerates

Digital Banking

Wio Bank Surpasses AED 50 Billion in Deposits As Digital Banking Adoption Accelerates

UAE digital bank Wio has surpassed AED 50 billion in total customer deposits in less than three years since its launch, driven by a 72% growth in its...…

SAMA Approves EZ Bank as Saudi Arabia's 39th Licensed Bank with SAR 2.5 Billion Capital

SAMA Approves EZ Bank as Saudi Arabia's 39th Licensed Bank with SAR 2.5 Billion Capital

The Saudi Central Bank has approved EZ Bank as the Kingdom's 39th licensed bank, a digital-first institution capitalised at SAR 2.5 billion designed to...…

STC Bank Deploys Mozn's FOCAL Platform to Strengthen Financial Crime Prevention

STC Bank Deploys Mozn's FOCAL Platform to Strengthen Financial Crime Prevention

STC Bank has entered a strategic agreement with Saudi AI company Mozn to deploy the FOCAL platform for financial crime prevention, strengthening the digital...…

TerraPay & D360 Bank Launch Seamless Payouts to Saudi Arabia

Payments & Fintech

TerraPay & D360 Bank Launch Seamless Payouts to Saudi Arabia

TerraPay has partnered with D360 Bank to enable instant, compliant inbound cross-border payments to Saudi Arabia, enhancing remittance flows into the...…

Mashreq Announces Commercial Launch of Digital Retail Bank in Pakistan

Mashreq Announces Commercial Launch of Digital Retail Bank in Pakistan

Mashreq has officially launched its full-service digital retail bank in Pakistan, marking the first international deployment of its NEO digital banking...…

Tamara Secures New Asset-Backed Facility of Up to $2.4 Billion

Digital Banking

Tamara Secures New Asset-Backed Facility of Up to $2.4 Billion

Saudi fintech Tamara has secured a new asset-backed financing facility of up to $2.4 billion from Goldman Sachs, Citi, and Apollo, providing the capital to...…

Visa expands its Saudi payments infrastructure with locally hosted acceptance platform

Payments & Fintech

Visa expands its Saudi payments infrastructure with locally hosted acceptance platform

Visa has launched its Acceptance Platform on a local cloud in Saudi Arabia, a world-first deployment that provides Saudi merchants with locally hosted...…

SAMA Announces the Launch of Google Pay Service in Saudi Arabia

Payments & Fintech

SAMA Announces the Launch of Google Pay Service in Saudi Arabia

The Saudi Central Bank has officially launched Google Pay across the Kingdom through integration with the national payment system mada, enabling users to...…

Revolut Secures In-Principle Approval for UAE Payments Licence, Accelerating Gulf Expansion

Revolut Secures In-Principle Approval for UAE Payments Licence, Accelerating Gulf Expansion

Revolut has received in-principle approval from the Central Bank of the UAE for Stored Value Facilities and Retail Payment Services licences, clearing a...…