Standard Chartered Bank Pakistan Limited (SCBPL) has delivered a record profit before tax of PKR 50.1 billion, registering an increase of 102 per cent year on year. Performance was driven by strong income growth, as well as continued cost and risk discipline. Overall revenue grew by 68 per cent to deliver a highest ever top […]

Standard Chartered Bank Pakistan Limited (SCBPL) has launched a special bank account for Women named ‘SC Sahar Women’s Account’. This innovative facility will cater to the evolving needs of the Bank’s female customers and reflects Standard Chartered’s focus on financial inclusion and empowerment of women. The SC Sahar Women’s Account will enable women to avail […]

Earnix, the market-leading provider of mission-critical cloud-based intelligent real-time, dynamic pricing and rating solutions for insurers and banks, announced it is appointing insurance and fintech industry veteran, Robin Gilthorpe, as its new Chief Executive Officer effective February 1, 2023. Mr. Gilthorpe will be taking over the helm from Mr. Udi Ziv, who served as the […]

In a nationwide first, National Bank of Fujairah (NBF) has announced the introduction of CVVkey™, a proven solution to online card fraud that can be used across all credit and debit cards issued by the bank. CVVkey™ will be a key element in NBF’s efforts to improve cybersecurity across its operations and protect its customers […]

First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, has become the first bank in the Middle East to join Komgo, a fintech offering digital network, trade and working capital workflow solutions for corporate and financial institutions. Through the Komgo Network, FAB’s key clients can […]

Within the course of the Central Bank of Kuwait’s (CBK) continuous initiatives to encourage and develop FinTech in the State of Kuwait and to adopt emerging FinTech startups, the CBK held a workshop on the Regulatory Sandbox for digital transformation and innovation specialists in local banks. The Sandbox is a safe environment for testing FinTech […]

FOO, an award-winning provider of B2B SaaS solutions, has signed an agreement with Network International – the leading enabler of digital commerce across the Middle East and Africa (MEA). By combining their technology and expertise, the two companies will streamline the transformation of incumbent financial institutions into innovative and agile players through an out-of-the-box digital […]

Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, has continued to attract exceptional interest from financial technology firms, making FinTech the Centre’s fastest growing sector. Client growth continues to be strong across all sectors, however, interest from FinTechs in the Centre has outpaced […]

UOB announced the completion of the acquisition of Citigroup’s consumer banking businesses in Malaysia and Thailand. Completion of the acquisition for Citigroup’s consumer banking businesses in Indonesia and Vietnam is planned for 2023. The consumer businesses comprise Citigroup’s unsecured and secured lending portfolios, wealth management and retail deposit businesses. The acquisition is part of UOB’s […]

GoCardless, a global leader in direct bank payments, has signed Crowdz, the small and mid-sized enterprise (SME) finance platform, as its latest customer as the company looks to integrate open banking to enhance its ability to drive equitable access to finance for small businesses. Crowdz, which secured $10 million in investment earlier this year led by […]