Saturday, December 5, 2020

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Saudi licenses new robo advisor

News FlashIFN Fintech - 0
The Capital Market Authority of Saudi Arabia has granted DFN Road Company a financial technology experimental permit (ExPermit) to experiment with robo-advisory service. The...
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FWD Affiliate to include online plans

News FlashIFN Fintech - 0
As at the end of October 2020, FWD Affiliate, an initiative by Malaysia's FWD Takaful to raise public awareness of Takaful while offering an...
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GFIN to launch cross-border testing of financial products

News FlashVineeta Tan - 0
The Global Financial Innovation Network (GFIN) is inviting firms to participate in testing innovative financial products, services, business models and regulatory technology across five...
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MCB Islamic Bank collaborates with NIFT

News FlashIFN Fintech - 0
MCB Islamic Bank has partnered with National Institutional Facilitation Technologies (NIFT) to promote digital payments in Pakistan through the latter’s payment gateway services NIFT...
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Aman Bank launches virtual assistant

News FlashIFN Fintech - 0
Aman Bank has launched its virtual assistant and chatbot customer service driven by Oracle Financial Services’s artificial intelligence, a LinkedIn post said. The bank...
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Alternative Finance

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CapBay to launch Islamic supply chain finance platform in Q1 2021

Jevitha Muthusamy - 0
Stepping foot into the Islamic finance industry for the first time, CapBay has partnered with Kenanga Capital Islamic to set up a financing platform...
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TFX Islamic eyes new market segments and geographical opportunities

Report Vineeta Tan - 0
Newly minted digital supply chain platform TFX Islamic is looking to expand into key Islamic markets, with plans to foray into different segments of...

TFX Islamic enters market with Shariah supply chain finance platform

Interview Vineeta Tan - 0
Supply chain finance (SCF) remains relatively unfamiliar to businesses, particularly in the ASEAN region. It is, however, an area of finance that is commanding...

UK fintech eyes Q1 2021 launch date for Islamic platform

Editor's Pick Vineeta Tan - 0
Fintech company [email protected] Capital (SYME) is working on rolling out a Shariah compliant version of its Inventory Monetisation service with a view of completing...

Blockchain & Cryptocurrency

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GCC central bank digital currency pilot project a success; lays foundation for blockchain payment ecosystem

Vineeta Tan - 0
The central banks of Saudi Arabia and the UAE have concluded their years-long pioneering cryptocurrency project and deemed it a success, offering a proof...
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Pakistan takes digital asset lead

Report Vineeta Tan - 0
Pakistan is taking the digital asset lead in South Asia, making its position clear in a regulatory consultation paper, as the Islamic Republic intends...

Saudi fintech to roll out Islamic real estate investment platform; eyes Dubai license

Report Vineeta Tan - 0
Just a month after it has secured a Fatwa certifying its public blockchain is Shariah compliant, Tezos Gulf will be facilitating a Riyadh-headquartered fintech...

Ripple opens office in DIFC

News Flash IFN Fintech - 0
Ripple, a US-based fintech firm with Islamic solutions, has opened a regional office at the Dubai International Financial Centre (DIFC). “Ripple already has a significant client...

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TFX Islamic enters market with Shariah supply chain finance platform

Interview Vineeta Tan - 0
Supply chain finance (SCF) remains relatively unfamiliar to businesses, particularly in the ASEAN region. It is, however, an area of finance that is commanding...
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Digital at its core: FWD Takaful to roll out new online products

Interview Vineeta Tan - 1
When a Hong Kong billionaire invests into a Takaful firm, you can be rest assured it would make global headlines – and it sure...
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Singaporean BaaS platform targets Halal market

Report Vineeta Tan - 0
Driven by strong client demand, RootAnt, a Singapore-based technology enabler of the Banking-as-a-Service (BaaS) technology, will be introducing Shariah fintech solutions for the Halal...
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Saudi fintech to roll out Islamic real estate investment platform; eyes Dubai license

Report Vineeta Tan - 0
Just a month after it has secured a Fatwa certifying its public blockchain is Shariah compliant, Tezos Gulf will be facilitating a Riyadh-headquartered fintech...
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Investree to support women microentrepreneurs with Islamic microfinancing

Editor's Pick Vineeta Tan - 0
Peer-to-peer (P2P) lender Investree, which offers both Islamic and conventional financing, will begin providing microfinancing to women microentrepreneurs, expanding its suite of products which...
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Digital banking

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Islamic banks going for gold

Vineeta Tan - 0
Strong demand for gold and an affinity among Muslims for the yellow metal has compelled Shariah banks to integrate digital features facilitating the trading...
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Kuwaiti Islamic banking providers implement digital onboarding

Report IFN Fintech - 0
Two Kuwaiti banks are rolling out digital onboarding solutions, underscoring the Gulf state’s readiness to embrace digital banking. Kuwait Finance House (KFH) and National Bank...

ADIB launches Emirati chatbot

News Flash IFN Fintech - 0
Abu Dhabi Islamic Bank (ADIB) has launched ADIB Chat Banking, a chatbot service available in Arabic, English and the Emirati Arabic dialect. The service...

Bank Indonesia launches chatbot

News Flash IFN Fintech - 0
Bank Indonesia (BI) has launched its chabot named LISA which can be contacted through the WhatsApp, Line Messenger and Facebook Messenger applications, according to...

Regulations

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UAE banking regulator sets up dedicated fintech unit

Vineeta Tan - 0
Polishing its steely determination to place itself on the global fintech map, the UAE’s central bank has inaugurated a dedicated fintech department tasked with...
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Pakistan takes digital asset lead

Report Vineeta Tan - 0
Pakistan is taking the digital asset lead in South Asia, making its position clear in a regulatory consultation paper, as the Islamic Republic intends...

ADGM amends regulations to support fintech solutions

Editor's Pick Vineeta Tan - 0
The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has amended its regulatory framework governing the provision of money services in...

Going live: Pakistan to test non-banking fintech solutions in sandbox

Report Vineeta Tan - 0
Almost eight months in the making, the Securities and Exchange Commission of Pakistan (SECP) is finally allowing its first cohort to test solutions in...

P2P & Crowdfunding

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ALAMI joins hands with Islamic bank to support MSMEs

Vineeta Tan - 0
Islamic peer-to-peer financing platform Alami Fintek Sharia (ALAMI) has partnered with Bank Syariah Mandiri to provide SME financing nationwide. “This is the beginning of many...
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Bank Muamalat Malaysia unveils digital social financing platform

Report Vineeta Tan - 0
Bank Muamalat Malaysia has launched a digital funding platform designed to support social welfare projects, as part of the country’s value-based intermediation (VBI) agenda. Named...

Ethis Group launches crowdfunding platform

News Flash IFN Fintech - 0
Ethis Group has launched its first Shariah compliant equity crowdfunding platform in Malaysia, focusing on SMEs and the agricultural sector during its first year. There are also...

Egypt to set up fintech regulatory sandbox following approval of non-banking fintech draft law

Editor's Pick Vineeta Tan - 0
Egypt’s Financial Regulatory Authority (FRA) has approved a draft law to develop and regulate fintech in non-banking activities, just weeks after forming the committee...

trading & investment

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Islamic banks going for gold

Vineeta Tan - 0
Strong demand for gold and an affinity among Muslims for the yellow metal has compelled Shariah banks to integrate digital features facilitating the trading...
Read more

Saudi fintech to roll out Islamic real estate investment platform; eyes Dubai license

Report Vineeta Tan - 0
Just a month after it has secured a Fatwa certifying its public blockchain is Shariah compliant, Tezos Gulf will be facilitating a Riyadh-headquartered fintech...

Indonesia Stock Exchange supports Sukuk market with new e-trading platform

Report Nessreen Tamano - 0
The Indonesia Stock Exchange (IDX) has launched the Indonesia Alternative Market Trading System (SPPA), a new electronic trading platform that allows the trading of...

Pakistan’s digital account initiative creating new opportunities for tech companies

Report Vineeta Tan - 0
The Pakistani government’s endeavor to attract investments into Shariah compliant sovereign instruments through its newly introduced digital platform is also creating new opportunities for...

robo-advisory

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Sarwa upgrades infrastructure to support growth strategy

Vineeta Tan - 0
Robo-advisor Sarwa has rolled out Sarwa X, an upgraded version of Sarwa Classic, with enhancements facilitating more efficient funding and investment processes as the...
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Saudi licenses new robo advisor

News Flash IFN Fintech - 0
The Capital Market Authority of Saudi Arabia has granted DFN Road Company a financial technology experimental permit (ExPermit) to experiment with robo-advisory service. The...

ADIB eyes robo-advisory

Report Vineeta Tan - 0
One of the largest Islamic banks in the UAE is exploring robo-advisory offerings as part of its wider digital strategy which has so far...

Egypt to set up fintech regulatory sandbox following approval of non-banking fintech draft law

Editor's Pick Vineeta Tan - 0
Egypt’s Financial Regulatory Authority (FRA) has approved a draft law to develop and regulate fintech in non-banking activities, just weeks after forming the committee...

Payments

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Turkey to pilot new payment system

Vineeta Tan - 0
The Central Bank of the Republic of Turkey (CBRT) has confirmed that it is ready to pilot a new payment system called the Instant...
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MCB Islamic Bank collaborates with NIFT

News Flash IFN Fintech - 0
MCB Islamic Bank has partnered with National Institutional Facilitation Technologies (NIFT) to promote digital payments in Pakistan through the latter’s payment gateway services NIFT...

ADGM amends regulations to support fintech solutions

Editor's Pick Vineeta Tan - 0
The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has amended its regulatory framework governing the provision of money services in...

ADIB-Egypt launches BEAT

News Flash IFN Fintech - 0
Abu Dhabi Islamic Bank-Egypt (ADIB-Egypt) has launched BEAT, a wrist-wearable device for contactless electronic payments, according to its website.

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