Monday, November 30, 2020

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LATEST NEWS

Saudi licenses new robo advisor

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...

FWD Affiliate to include online plans

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...

GFIN to launch cross-border testing of financial products

The Global Financial Innovation Network (GFIN) is inviting firms to participate in testing innovative financial products, services, business models and regulatory technology across five...

MCB Islamic Bank collaborates with NIFT

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...

Aman Bank launches virtual assistant

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...

Alternative Finance

CapBay to launch Islamic supply chain finance platform in Q1 2021

Stepping foot into the Islamic finance industry for the first time, CapBay has partnered with Kenanga Capital Islamic to set up a financing platform...

TFX Islamic eyes new market segments and geographical opportunities

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

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

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

Pakistan takes digital asset lead

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

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

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...

RootAnt unveils blockchain platform

Singapore-headquartered RootAnt has launched a multitier finance platform powered by distributed ledger technology as the fintech company makes its move to tap the Halal...

Most Popular

TFX Islamic enters market with Shariah supply chain finance platform

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

Digital at its core: FWD Takaful to roll out new online products

When a Hong Kong billionaire invests into a Takaful firm, you can be rest assured it would make global headlines – and it sure...

Singaporean BaaS platform targets Halal market

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...

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

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...

Investree to support women microentrepreneurs with Islamic microfinancing

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...

Digital banking

Kuwaiti Islamic banking providers implement digital onboarding

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

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

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

Bahrain’s digital fintech lab gets Islamic flavor

The Central Bank of Bahrain (CBB) has unveiled its latest fintech initiative, FinHub973, an open application programming interface (API) innovation platform enabling the testing...

Regulations

Pakistan takes digital asset lead

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

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

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

Iran’s new capital market taskforce to address tech infrastructure

Iran’s newly minted Capital Market Consultative and Advisory Taskforce, established by the Iranian Securities and Exchange Organization (SEO), will house a dedicated technology and...

P2P & Crowdfunding

ALAMI joins hands with Islamic bank to support MSMEs

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...

Bank Muamalat Malaysia unveils digital social financing platform

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

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

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

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

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

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

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...

Sukuk fintech start-up receives greenlight to test investment platform in Saudi

A fintech start-up has gained a license from the Saudi regulator to design, launch and operate a digital platform facilitating offering and investment in...

robo-advisory

Sarwa upgrades infrastructure to support growth strategy

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...

Saudi licenses new robo advisor

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

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

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

Turkey to pilot new payment system

The Central Bank of the Republic of Turkey (CBRT) has confirmed that it is ready to pilot a new payment system called the Instant...

MCB Islamic Bank collaborates with NIFT

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

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

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