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According to a global survey of 300 C-suite banking industry executives, 54% believe their financial institutions have faced increased competition from digital alternatives over the last three years. These executives, however, indicate that they are better positioned to compete. Notably, 84% said they have the necessary technological tools to create new digital products and services to some extent or more.

QFIL Solutions, a UAE FinTech start-up, has won the IFX EXPO International - Ultimate Fintech Awards, 2022, which was recently held in Limassol, Cyprus, and was attended by top-level international fintech executives.

Participating start-ups will be matched with suitable partners during the sprint, after which they will have the opportunity to pitch their business idea to senior stakeholders of leading financial partners in the Middle East.

SANTECHTURE's product portfolio reduces universal pain points such as manual administration, erroneous documentation, poor financial tracking, and costly in-house billing processes, similar to how an app may help with operational efficiency and assistance. Four evolved and established software packages excel independently to meet bespoke requirements regardless of scale and complexities.

FOO, a B2B Fintech solutions provider in the MENA region, has begun to expand operations into the Kingdom of Saudi Arabia to support the country's digital transformation efforts.

Bitcoin 2022 is the most prominent Bitcoin event in the world, and it will feature a wide range of programs. A total of 35,000 people are expected to attend from all over the world.

Outside the Block (OTB), the region's most influential blockchain-fintech event, concluded successfully on March 31, 2022, at Dubai's Jumeirah Emirates Towers.

Outside the Block (OTB) event, organised by Welups Foundation and Omanee Corporation as the strategic partner, is all set to take place on March 31st, 2022, in Dubai.

Mashreq has invested in NymCard, the Middle East's Banking-as-a-Service provider, in order to promote the UAE's thriving FinTech sector and the next generation of innovators, said a company statement. Through NymCard's contemporary open APIs, it will enable fintechs of all sizes to establish business propositions that require payment card capabilities. The deal's terms were not made public.

Commercial Bank of Dubai has approved a debt financing deal with Postpay, an omni-channel Buy Now, Pay Later provider in the Middle East, according to a media release. This inaugural debt financing arrangement is another example of how FinTech and traditional banks are partnering to leverage their collective experience and expertise to enhance the suite of financial products offered in the market.