Flip through the latest issue of Gulf Weekly.
Bankable, the global provider of “Banking as a Service” solutions, and Visa announced a strategic collaboration within the Central and Eastern Europe, Middle East and Africa (CEMEA) region. Bankable aims to work with Visa to accelerate the digital capabilities of financial institutions, build and launch digital banks, reduce cash usage and increase Fintech sponsorship in CEMEA. To accommodate this collaboration, Bankable is opening an office at the Dubai International Financial Center (DIFC), which will be Bankable’s Middle Eastern hub. Bankable’s presence in Dubai will allow the company to engage with the Dubai International Financial Centre, the leading financial centre of the Middle East, Africa and South Asia, comprised of more than 2,000 active registered firms. Bankable will complement and address the already strong fintech ecosystem in the region. The company will look to foster partnerships that enable faster time-to-market and relevant digital banking initiatives.
The 26th annual World Islamic Banking Conference, held at the Gulf Hotel concludes today. The three-day conference focused on the theme of “Mega Trends in Banking & Finance.” Key dignitaries including Godwin Emefiele, Governor of Central Bank of Nigeria and Jihad Azour, Middle East & Central Asia Director at International Monetary Fund (IMF) presented a global outlook on banking and the growing resurgence of Islamic banking. Other topics discussed included corporate sustainability within Islamic banking, the role of Small and medium sized enterprises and value creation via mergers and acquisitions in the GCC Financial Sector.
Coders, entrepreneurs and finance industry professionals worked together over 54 hours starting on November 21, as part of a special edition of Startup Weekend focused on developing Fintech solutions.
