SmartCrowd Holdings, a regional pioneer in fractional real estate investments, has been granted a FinTech experimental permit by the Saudi Capital Markets Authority (CMA). SmartCrowd is currently working on completing business requirements for the upcoming launch of its Real Estate Funds Distribution Platform, making alternative assets accessible to the general public within Saudi Arabia soon.   Saudi […]

Careem announces the acquisition of the assets of Denarii, a Dubai-based money transfer platform that integrates fintechs and financial institutions with remittance aggregators, banks, exchanges and wallets globally. Some key members of the Denarii team will also be joining Careem. Founded in 2019 by Jon Santillan and Walfrido Perez, Denarii’s proprietary money transfer technology uses […]

SmartCrowd, Dubai’s innovative real estate crowdfunding platform, which allows individuals investors to take a “fractional” share in a rental property, has grown its investor base nearly 6 times since the pandemic.  The investor based grew 100% on a Q-o-Q basis. The company recently closed a bridge round in excess of USD $ 3 million. The […]

Codebase Technologies, a leading Global Open API Banking solutions provider at the forefront of enabling banks and financial institutions (both conventional and Islamic), as well as, the emerging FinTech ecosystem to demystify digital financial services, has successfully upgraded the existing Pool Management system deployed at National Bank of Pakistan. The Islamic banking industry in Pakistan […]

A meeting of the Board of Directors of The Bank of Punjab was held on May 19, 2020 to consider and approve the un-audited Financial Statements for the 1st quarter of the year ended March 31, 2020. During the 1st quarter of the year 2020, Bank’s Net Interest Margin (NIM) remained a little subdued at […]