Banking

Saudi Arabia's central bank recently announced the opening of a new lab where businesses may test their products against a pre-established framework, which is expected to strengthen the country's open financial services. The service is a brand-new idea that allows...

Paysharp, an India-based B2B payments company, recently announced that it has received the Reserve Bank of India’s (RBI) nod for Payment Aggregator In-Principle License. Krishna Kumar Mani, cofounder and CEO of Paysharp shared in media statement, “It was great news...

Abu Dhabi’s entrepreneurship ecosystem, Flat6Labs, the MENA region’s seed-stage program and early-stage venture capital firm, and Wio Bank, the region’s first platform bank, have signed a Memorandum of Understanding (MoU). Under the agreement, start-ups from Flat6Labs Ignite, a specialised seed...

Abu Dhabi Islamic Bank, a financial institution, announced the launch of the region’s first tokenised, contactless payment methods through the options of clasp and ring ‘ADIB PAY’, in partnership with token enablement service provider Tappy Technologies and global digital...

Crypto mining firm Argo Blockchain has entered into an agreement with Galaxy Digital Holdings to sell its Helios facility in Texas for $65 million and refinance its asset-backed loans. Additionally, Galaxy has agreed to host Argo’s mining machines located...

MUFG Bank, a subsidiary of Japan’s Mitsubishi UFJ Financial Group (MUFG), has announced an investment of $200m in Jakarta-based banking and digital finance platform Akulaku. Founded in 2016, Akulaku is a fintech firm that provides digital financial services in Indonesia...

Financial software provider Finastra announced that US-based FinWise Bank has selected its Fusion Phoenix as new core banking solution to support its digital expansion. FinWise Bank is a Utah state-chartered community bank and a fully owned subsidiary of bank holding...