Aella App is working with Amazon Web Services, Inc. (AWS) to empower underbanked individuals through quick access to credit and other financial services using Amazon Rekognition for identity verification. Aella App is Nigeria’s leading single-point financial service and payment solution provider. The company is working with Amazon Web Services to empower underbanked individuals through quick […]

OnBuy has started a global expansion plan. The company wants to launch into more than 140 countries by the end of 2023. The plans follow after securing 5.5 million euros in a Series A funding round last June.Overall, 2020 was a successful year for OnBuy, which is on track for achieving unicorn status within the […]

Majid Al Futtaim has opened its first Carrefour store in Tashkent, Uzbekistan. The launch underlines the brand’s ambitions to respond to the growing demand for modern retail in the country, while also catering to evolving customer needs.  Carrefour introduces an elevated shopping experience to the Uzbek market through its international standards and retail best practices, […]

Avaloq and Japan-based NEC Corporation announced the closing of NEC’s acquisition of Avaloq. Each being a market leader in their own field, the combination of their shared vision, technological strengths, and global presence, will accelerate both companies’ long-term growth, global expansion and value creation strategy. This acquisition was first announced in October 2020, and following […]

In a new partnership with Tink, Greenly has its sights set on taking its app across Europe, and putting banks at the center of its plans to help shift behavior, by making it simple to offer a carbon tracker on individual and business bank accounts. According to Greenly, Europeans have an individual carbon footprint of […]

Australian Buy now, pay later has commenced the launch of its operations in the US market. Openpay is a fast-growing, and highly differentiated player in global BNPL payment solutions. The provider offers flexible plans in the market, focuses on industries where it can make a real difference: Automotive, Healthcare, Home Improvement, Memberships, and Education; and […]

Danske Bank has implemented AI-based technology from Quantexa, to enhance its Anti-Money Laundering (AML) monitoring and investigation capabilities. Following a pilot in 2018, the bank is now using Quantexa’s CDI platform to perform transaction monitoring on Danske’s market trading business and financial crime investigations. Quantexa’s Contextual Decision Intelligence tools has helped enhance Danske Bank’s ability to […]

MetLife has partnered with Abu Dhabi Islamic Bank to provide comprehensive life insurance solutions through ADIB’s diverse distribution channels and network of more than 60 branches. Under the agreement, MetLife will offer insurance to support the aspirations of ADIB’s customers, including financial planning programs covering different lifetime needs such as children’s education and marriage, as well […]

The National Business Centre signed an incubation agreement with Tamkin Digital Transformation Company. According to the agreement, NBC will provide Tamkin with a variety of services including office space, access to intensive training, and coaching and mentoring sessions. These services aim at developing the entrepreneurial skills which will eventually contribute to the growth of the […]

Oxford Business Group and Al Fardan Exchange team up for new Covid-19 Response Report. The Covid Response Report (CRR) provides analysis in an easy-to-navigate and accessible format, focusing on key data and infographics relating to the country’s socio-economic landscape. The report covers pre-pandemic expansion witnessed across the UAE’s remittance market, which has benefited from the […]