News

Digital ID – a vital step towards financial inclusion
22 August 2019

Digital ID – a vital step towards financial inclusion

One billion people lack an official foundational identification, making them unable to prove their identity (ID) and resulting in exclusion from economic opportunities, according to The World Bank.

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CIB-seeks-FinTech-Startups
21 August 2019

CIB seeks FinTech Startups for Merchant Mania Challenge

Aiming to afford inclusion services to help mass merchants, the Commercial International Bank (CIB) based in Egypt is scouting for startups and businesses who can provide both financial and non-financial services in the FinTech Galaxy “Merchant Mania” challenge.

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Exclusive-Interview-with-Quantafic
18 August 2019

Exclusive Interview with Quantafic, winner of the Digital Lending FinTech Innovation Challenge

In a special feature interview for FinTech Egypt, the modern analytics & technology services company Quantafic Business Solutions LLP shares some insight on the company’s challenges, products and future plans. The India-based data experts won the CIB FinTech Galaxy Innovation Challenge at Seamless North Africa 2019 conference back in June, marking a new chapter in its journey to stardom.

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Ocra-allows-micropayme
18 August 2019

Ocra allows micropayments for public transport using smartphones

Small cash is slowly retreating from our increasingly digitized lives in the world today. In Egypt however, loose change is still the primary source of paying for public transportation due to the low-priced, affordable nature of commuting across the country.

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5-Mobile-Trends
14 August 2019

5 Mobile Trends to transform the Future of Payments

Mobile payment technology is achieving radical change in the way purchases are made, it is driven by ease of use, convenience and increased security that keeps transactions safe, along with the automation and streamlining of payment processes.

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Saudi-Arabia-allows-two-firms-to-test-robo-advisory-services
8 August 2019

Saudi Arabia allows two firms to test robo-advisory services

(FinTech Egypt – Zawya) In a step that could potentially tap into new segments of investors in the region’s largest capital market, two companies in Saudi Arabia have been granted experimental permits to test robo-advisory services and computer-generated advice for investors.

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Jack-Mas-MYbank-lends-2-trillion-Yuan-to-16-million-small-Chinese-companies
7 August 2019

Jack Ma's MYbank lends 2 trillion Yuan to 16 million small Chinese companies

With usage of real-time payments data and a risk-management system that breaks down more than 3,000 variables, Ma’s 4-year-old MYbank has already lent 2 trillion yuan ($290 billion) to nearly 16 million small companies.

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UK’s-FinTech-startups-outperform-entire-national-economy-of-France
6 August 2019

UK’s FinTech startups outperform entire national economy of France

In only four years, a few hundred FinTech geniuses outperformed the entire national economy of France

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Emirates-NBD-seeks-startups-experienced-in-CBE-facility-granting-regulations
5 August 2019

Emirates NBD seeks startups experienced in CBE facility-granting regulations

Startups with solutions that help in providing individual, SME and corporate customers with an instant decision on facility granting that cope with regulations of the Central Bank of Egypt (CBE) are now welcome to be part of Emirates NBD.

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Rising-Startup-Netsahem-Digitizes-Charity-in-Egypt
5 August 2019

Rising Startup Netsahem Digitizes Charity in Egypt

In January 2019, four passionate individuals came up with an idea to create a digital donation platform aimed to facilitate the charity process between donors & non-governmental organizations (NGOs) for people in need of help across Egypt. Four intense months later, Netsahem was born.

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Why-is-digital-transformation-a-vital-step
5 August 2019

Why is digital transformation a vital step for today’s banks?

An article published on IRISH TECH NEWS sheds light on the importance of digital transformation in banking, using the example of Jack Ma’s four-year-old MYbank that has lent 2 trillion yuan ($290 billion) to nearly 16 million small companies.

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Three non-banks deliver true value through global FinTech innovations
4 August 2019

How can Open Banking effectively achieve new revenue and reach more customers?

According to a research report titled ‘The Monetization of Open Banking’ by Business Insider Intelligence, Open Banking services are transforming the UK’s banking landscape and rapidly gaining traction around the world.

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Three non-banks deliver true value through global FinTech innovations
4 August 2019

Three non-banks deliver true value through global FinTech innovations

Through a recent article published on BAI, Regional chief bancassurance officer at Manulife Financial Asia Sandeep Deobhakta explained how global FinTech innovations created real value and managed to identify real problems faced by their customers.

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Meet-the-three-African-Regional-Finalists-for-the-MIT-Inclusive-Innovation-Challenge
30 July 2019

Meet the three African Regional Finalists for the MIT Inclusive Innovation Challenge

The Massachusetts Institute of Technology (MIT), in partnership with Liquid Telecom, has recently announced 12 African startups that will compete in the regional finals of the Inclusive Innovation Challenge

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Hub71-Partners-with-Techstars-in-launching-an-accelerator-program-to-boost-startups
30 July 2019

Hub71 Partners with Techstars in launching an accelerator program to boost startups

With 10 startups undergoing a 13 week program, the Techstars Hub71 Accelerator Program appeared last week after being launched through partnership between Abu Dhabi’s Hub71 and Techstars

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Singaporean-FOMO-Pay-partners-with-Kenya-s-WAPI-Pay-to-ease-payment-solutions-between-Africa-and-Asia
29 July 2019

Singaporean FOMO Pay partners with Kenya's WAPI Pay to ease payment solutions between Africa and Asia

Aiming to establish the first Africa – Asia payment gateway, the Kenya-based Fintech solutions provider WAPI Pay has signed a Memorandum of Understanding with Singapore’s FOMO pay to provide payment solutions between Africa and Asia.

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Is-Authentication-by-Facial-Recognition-an-Ideal-Method-to-Combat-Financial-Fraud
28 July 2019

Is Authentication by Facial Recognition an Ideal Method to Combat Financial Fraud?

Traditional banks and financial institutions are increasingly directing their efforts towards digitization of their business channels

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First-Artificial-Intelligence
25 July 2019

Egypt’s First Artificial Intelligence Faculty launched at Kafr El Sheikh University

Kafr El Sheikh University has just positioned itself at the forefront of new educational initiatives by announcing the first ever artificial intelligence (AI) faculty in Egypt.

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Leading-Egyptian-E-Payment
24 July 2019

Leading Egyptian E-Payment Company ‘Fawry’ paves way towards IPO

Aiming to be a public company, Egypt’s leading electronic payment firm Fawry is arranging to list its shares on the Egyptian stock exchange

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VisionBanker-startup-aims-for-radical-change-in-eye-care-using-Blockchain
23 July 2019

VisionBanker startup aims for radical change in eye care using Blockchain

VisionBanker, a startup that aims to help improve the vision of global consumers through technology, recently announced that they plan to raise $10 million through a token sale, with a projected revenue of $12 million across three years.

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Bridging-the-credit-gap-through-crowdfunding
23 July 2019

Bahraini Bank ABC pioneers e-KYC Capability in the Middle East

Bank ABC (Arab Banking Corporation B.S.C) has recently announced a partnership with Jumio, a digital payments & identity verification company, which will allow Bank ABC to onboard new customers through Jumio’s identity verification solution using biometrics.

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Bridging-the-credit-gap-through-crowdfunding
23 July 2019

Bridging the credit gap through crowdfunding

Crowdfunding has always been an alternative yet mostly reliable financing model, capitalizing on receiving small amounts of money from large groups of people. In recent years, the method has seen rising popularity in the startup ecosystem and many platforms have used crowdfunding either as the basis of their operations or as an added value to their core offering.

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FINTECH-IN-THE-SAVANNAH
22 July 2019

FINTECH IN THE SAVANNAH: Afro-Asia FinTech festival 2019 that took place in Nairobi Kenya

After two days of inspiring visionary speakers, motivating keynote addresses and innovative FinTech solutions, the Afro-Asia FinTech Festival came to a close on July 16th at the Kenya School of Monetary Studies in Nairobi, Kenya.

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How Machine Learning Supports Credit Profiling
22 July 2019

How Machine Learning Supports Credit Profiling

Machine learning provides systems with the ability to automatically learn and improve from applied experience without being explicitly programmed for that.

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Meeza-E-Payment-Cards-Push-for-Financial-Inclusion-in-Egypt
16 July 2019

Meeza cards, the Egyptian national payment scheme push for financial inclusion in Egypt

Introduced by the Central Bank of Egypt (CBE) as its latest financial inclusion initiative to promote a cashless society, Meeza is the Egyptian national payment scheme that aims to facilitate the transition to a less cash-dependent economy in Egypt.

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From-an-innovative-idea-to-a-Seamless-award
15 July 2019

From an innovative idea to a Seamless award: The CEO of Paynas sheds light on his journey

After winning the FinTech Pitch-Off competition at Seamless North Africa 2019 conference, FinTech Egypt had the pleasure of sitting down with Mohamed Mounir, CEO of Paynas

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Unveiling-a-new-Moroccan-accelerator
14 July 2019

Unveiling a new Moroccan accelerator to support startups

Aiming to provide appropriate funding for startups, the Moroccan University has recently engaged in a partnership with accelerator MassChallenge to launch the Impulse program.

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The Central Bank of Egypt’s Regulatory Sandbox started its first cohort in “e-KYC” to empower Egyptian FinTech startups.
10 July 2019

The Central Bank of Egypt’s Regulatory Sandbox started its first cohort in “e-KYC” to empower the FinTech ecosystem in Egypt.

Aiming to cope with rapid developments in the financial technology ecosystem, the Central Bank of Egypt (CBE)’s Regulatory Sandbox acts as a live testing ground for FinTech startups that are developing new business models but are currently hindered by stringent authorization requirements and regulatory uncertainty.

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Dubai Smart City Accelerator invites Egyptian startups to join Cairo Fast Track
9 July 2019

Dubai Smart City Accelerator invites Egyptian startups to join Cairo Fast Track

The Dubai Smart City Accelerator (DSCA) recently held an event on July 3rd at The GrEEK Campus in Cairo, inviting Smart City-focused Egyptian startups that operate in specific fields to join their program, as part of their global scouting tour and MENA Roadshow.

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PayFort receives ‘Most Innovative Online Payment Service Provider’ award for the second time
7 July 2019

PayFort receives ‘Most Innovative Online Payment Service Provider’ award for the second time

PayFort, the expert regional payment service provider (PSP) owned by Amazon, has been granted the ‘Most Innovative Online Payment Service Provider’ award in Egypt by the International Finance Awards 2019, a competition owned and managed by International Finance

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Calling all Egyptian FinTech startups to participate in the Afro-Asia FinTech Festival!
3 July 2019

Calling all Egyptian FinTech startups to participate in the Afro-Asia FinTech Festival!

In light of the Afro-Asia FinTech Festival taking place on the 15th & 16th of July in Nairobi, Kenya, you can get a chance to apply and participate in the FinTech Hackathon at the event!

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Paynas wins big at Seamless North Africa 2019
25 June 2019

Paynas wins big at Seamless North Africa 2019

Seamless North Africa 2019, the two-day conference came to an end on the 18th of June at the Nile Ritz-Carlton in Downtown Cairo, with several winners across different competitions.

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38Seamless-North-Africa-2019---17-and-18-June-2019-in-Cairo---slider.jpg
11 June 2019

Discounted Start-Up Passes

Egyptian start-ups are eligible for a discount off the final ticket price. Book your 2-day conference pass Now.

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43FinTech Trends - Blockchain Adoption - resized 2.png
11 June 2019

Fintech Trends in 2019 - Blockchain Adoption

One of many foundational Fintech technologies that provide viable solutions to professional and personal financial transaction problems

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39AFI---Alliance-for-Financial-Inclusionjpg.jpg
11 June 2019

Announcing the inaugural AFI FinTech Showcase

The Alliance for Financial Inclusion (AFI) is holding an open competition for FinTech innovators

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38Seamless-North-Africa-2019---17-and-18-June-2019-in-Cairo---slider.jpg
11 June 2019

Seamless North Africa 2019

North Africa's Largest Fintech & E-Commerce Conference and Exhibition

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