08/03/2021
Element Ventures bags $130 million for B2B fintech fund
Element intends to invest in around 15 portfolio companies in areas including banking-as-a-service, payments, insurtech, asset management and infrastructure.
Innovation & Startups
08/03/2021
NBK Named Best Bank in “Innovation in Digital Banking” in the Middle East
The “Innovation in Digital Banking” Award recognizes the outstanding efforts made by institutions in the area of innovation and digital technology
08/03/2021
Fast-growing BankTech Software Provider Abrigo Announces Strategic Growth Investment from Carlyle
Abrigo will use the investment to accelerate its commitment to helping financial institutions manage risk and drive growth.
07/30/2021
Iress rejects bid by private equity firm
This information has been shared with EQT following EQT entering into a confidentiality and standstill agreement.
07/30/2021
Digital Transformation: A Necessary Disruption
A number of banks in the economy have branches although off late banks have reduced the reliance on these branches and are attempting to replace expensive branches with inexpensive technologies.
07/29/2021
MUFG launches second fintech VC fund
Japan's Mitsubishi UFJ Financial Group (MUFG) has set up its second venture capital fund to invest a $182 pot in fintech startups.
07/29/2021
Data sharing masters
How smart organizations use data ecosystems to gain an unbeatable competitive edge
07/29/2021
PROJECTS: Saudi to launch $15bln fund for tech investment
It will invest $3-4bln abroad
07/29/2021
Apex Group provides strategic compliance advisory to Thndr
Apex Group’s Global Compliance Solutions team will provide strategic compliance advisory and cross-jurisdictional licensing to Thndr to support the mobile equities trading platform as it expands its new digital solutions.
07/29/2021
Lloyds buys platform business for £390m
The sale presents a significant opportunity for the Embark business to continue its rapid expansion, as a wholly owned subsidiary of Lloyds Banking Group.
07/29/2021
Tech Trends 2021: A financial services perspective
A glimpse into the future of financial services
07/29/2021
Silkbank Goes Live with Temenos Infinity to Supercharge Digital Banking in Pakistan
Digital banking powered by Temenos Infinity will help Silkbank to attract and retain customers and drive customer growth
07/29/2021
RegTech and SupTech initiatives in Asia
This alert explores the use of RegTech and SupTech in Asia by both the government and industries, as well as the considerations for future RegTech and SupTech strategies.
07/28/2021
Blog: New toolkit launched to help organisations using AI to process personal data understand the associated risks and ways of complying with data protection law
The toolkit reflects the auditing framework developed by our internal assurance and investigation teams.
07/28/2021
Broadridge Enhances its Data Solutions for Asset Managers with Snowflake Data Cloud
Solution to facilitate faster analysis and decision making for investment managers
07/28/2021
Finleap connect acquires Spanish Open Banking platform provider MyValue Solutions
MyValue Solutions marks the company's first acquisition, supported by growth capital from Claret Capital.
07/26/2021
Fintechs to drive M&A in Saudi banking sector — KPMG
Fintechs appeal to Saudi Arabia's young, digital savvy population
07/26/2021
Leading digital asset hedge fund manager Nickel digital announces plans to focus on the Middle East
Nickel's clients include institutional investors, global wealth managers and ultra-high net worth individuals from around the world
07/26/2021
Danish pension fund Velliv rolls out open banking payments with Aiia
Danish pension fund Velliv has teamed up with open banking platform Aiia to let its 360,000 customers top up their pension funds instantly.
07/26/2021
Zilch secures $110 mn from Goldman Sachs Asset Management and DMG Ventures
By putting our customers first and building direct relationships with each of them, we are doing something no one else in the industry has done before.