Friday, January 22, 2021
Tags Challenger banking

Tag: Challenger banking

Malaysia one step closer to Islamic digital bank dream

Joining its regional peers, Bank Negara Malaysia (BNM) has finally entered the challenger banking race with its long-awaited digital banking regulations. The new licensing framework,...

Beyond basic banking: Insha secures seed funding; plans expansion and Islamic investment product debut

After providing basic banking services for the last two years, Germany’s only digital Islamic bank will be rolling out Shariah compliant investment products as...

Sterling Bank begins restructuring to pave way for digital Islamic bank

Nigeria’s 10 million potential Islamic banking customers are one of the reasons why Sterling Bank is overhauling its operations to lay the foundations for...

Manzil exceeds equity financing target; rolls out new product

Canadian fintech start-up Manzil is maintaining its steady growth momentum with new investments and a new product. Initially looking to crowdfund CA$300,000 (US$225,377) in equity...

COMPANY SPOTLIGHT: Qardus

IFN Fintech shines the spotlight on Qardus, a new Islamic fintech start-up aspiring to close the SME financing gap in the UK. The beginningIt took the Qardus team...

Kazakhstan to welcome first Islamic digital bank – a Qatari-led initiative

Astana International Financial Center (AIFC) is preparing to issue its first Islamic digital banking license in the coming months to a Qatari financial institution,...

Saudi Arabia readies itself for virtual banks with new regulations

Preparing to usher the Kingdom’s banking sector into the digital era, Saudi Arabian Monetary Authority has issued new regulations for digital banks amid efforts...

UK Islamic digital banking start-up rolls out alpha version

Making a bid to attract the Muslim community underserved by both conventional banks and fintech, start-up Niyah has announced the alpha launch of its...

Kuwait: Home of the next Islamic digital bank?

While neighboring UAE, Bahrain and Saudi Arabia are jostling for fintech supremacy in the GCC, unassuming Kuwait is quietly making its move and could...

Malaysia sees interest for Islamic digital-only banks

Several fintech start-ups are eyeing an Islamic digital banking license to operate in one of the most sophisticated Shariah finance jurisdictions in the world,...

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