Tagged: Kuwait

MENA Region Startup Ajar to Offer Property Management and Rental Collection Services in Bahrain

Ajar, a MENA region rental collection platform, reveals that it has expanded its business operations to the Kingdom of Bahrain. With an established presence in Kuwait and the United Arab Emirates (UAE), the firm will be providing its property management and rent collection services in… Read More

Fintech QPS Global to Expand UAE, Saudi Arabia, Qatar, Oman, Kuwait Business Operations

Mumbai-based Fintech company QPS Global recently revealed that it will be expanding its business operations in the Middle East. The company confirmed that it will be allocating $10 million in capital into the region within the next 12 months. The B2B card issuance and processing… Read More

Mobile-Only, Shariah Compliant Banking Solution Introduced by Boubyan Bank in the UK

Boubyan Bank has introduced a mobile-only, Sharia-compliant banking solution in the United Kingdom. The platform will aim to address the requirements of individuals residing in the Middle East who may have international banking needs. As noted in the announcement, Nomo will be providing a new… Read More

Fintech, AI, Data Science Startups Investor Planet N Receives Investment from Pakistan Kuwait Investment Co.

Pakistan Kuwait Investment Company (Private) Ltd (PKIC) recently made a PKR 500 million (appr. $3 million) equity investment into Planet N (Private) Ltd in order to support the fast-evolving startup sector in Pakistan. The new investment is reportedly part of Planet N’s $10 million funding… Read More

Central Bank of Kuwait Issues Warning Regarding Bitcoin, Ethereum, DogeCoin, Other Crypto Investments

The Central Bank of Kuwait has issued a statement on crypto assets and their risks. Kuwait‘s reserve bank says that it aims to enhance financial awareness and intends to encourage the Kuwaiti banking sector to adopt socially responsible business practices. The Central Bank of Kuwait… Read More

Real-Time Virtual Payments Provider ACI Worldwide Extends Partnership with Kuwait’s National Digital Banking Firm

ACI Worldwide (NASDAQ: ACIW), a multinational provider of real-time virtual payment solutions, reveals that it has expanded its working relationship with KNET, which is Kuwait’s national digital banking firm. Through the expanded partnership, ACI Worldwide and KNET will introduce several innovative virtual payment services in… Read More

Virtual Banking: Kuwait International Bank Partners Digital Transformation Specialist Mobiquity to Streamline Financial Services

Mobiquity, a digital transformation enabler, has teamed up with Kuwait International Bank (KIB), in order to support the institution’s goal of becoming a leading all-digital Islamic or Shariah-compliant financial service provider. Through the partnership, KIB will be working with Mobiquity’s team of experienced professionals –… Read More

Kuwait Finance House Introduces Digital Wallet Service, Supported via Smartphones with Assistance from Samsung, FitBit, Garmin

Kuwait Finance House (KFH), the nation’s first banking institution operating in accordance with the Islamic Shari’a, has introduced a digital wallet service that is being supported through smartphones (and even smart watches). KFH, which is listed on the Kuwait Stock Exchange, with a market cap… Read More

Fintech and Digital Solutions Provider Thales to Assist Commercial Bank of Kuwait with Offering Secure Contactless Payments

Digital solutions provider Thales is reportedly supplying the Commercial Bank of Kuwait (CBK) with its Gemalto Trusted Services Hub (TSH), which will allow the bank’s customers to perform secure contactless payments from their smartphones. According to a release, a tokenization process will be used to… Read More

Fintech: The Gulf Cooperation Council (GCC) Region May Experience Significant Increase in the Use of Financial Technology Platforms Due to COVID-19

The Gulf Cooperation Council (GCC), an intergovernmental political and economic union consisting of the Arab states of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates, is expected to experience a significant increase in the use of Fintech platforms and services. The anticipated… Read More

Fintech Firms, Aion Digital and Qarar, Team Up to Accelerate Development of Online Lending Platforms in the Middle East

Two major Fintech companies, Aion Digital and Qarar, are teaming up in order to accelerate the growth and development of online lending platforms across the Middle East region. According to a press release, the collaboration between the two Fintechs aims to “revolutionize the credit market”… Read More

Kuwait’s Path Solutions Introduces Path Digital and Path Intelligence Platform to Provide Seamless Digital Banking Experience

Kuwait-based company Path Solutions has introduced the Path Digital and Path Intelligence platforms to allow local banks to offer clients a seamless and intelligent digital banking experience.  The Fintech solution provider noted that the launch of the new platform will complement its new Intelligent Digital… Read More

Dubai-based Fintech Sarwa Secures $8.4 Million via Series A Round Led by Kuwait Projects Company

Dubai-headquartered Sarwa confirmed on January 27 that it had finalized an $8.4 million Series A investment round, which was led by Kuwait Projects Company (KIPCO). The firm’s hybrid automated investment platform aims to simplify the process of investing while making it more affordable. Sarwa’s platform… Read More

Trading, Risk Management Platform Provider Murex Partners Kuwait’s Gulf Bank to Help it Digitize its Capital Markets and IT Infrastucture

Murex, an established provider of trading, risk management and processing platforms for financial markets, recently revealed that Gulf Bank, one of the largest banks in Kuwait, has chosen MX.3 to upgrade and digitize its capital markets and treasury IT. Murex was chosen to be a… Read More

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