Dubai FinTech Summit’s Post

Unlocking Egypt's Fintech Potential 🌐💰 Embracing digital innovation with 14.4M internet banking users and 13.2M mobile banking enthusiasts. 📱💳 Join the revolution where 88% opt for emerging payment methods, including QR Codes (24%) and digital money transfer apps (27%). 💸💡 #kashier #fintech #report #FintechRevolution #EgyptTech #digitalpayment

It’s great to be at the event to talk about futuristic partnerhips that drives growth in the digital landscape. #Fintech #SeamlessDXB #SeamlessUAE #SeamlessMiddleEast #customsoftwaredevelopment #innovation #tech #startup

Excited to share my insights on the surging demand for digital payments in the UAE; featured in Khaleej Times! Digital transformation is rapidly reshaping the financial landscape, and it's incredible to see the momentum building. Dive into the article to learn more about the trends driving this change and how we're adapting to meet these evolving needs. #DigitalPayments #Fintech #Innovation CREALOGIX

“We’re a small country, but there are great products, platforms, and APIs built here by and for New Zealanders, which can help move us all forward. Consumers need to have choice about how they make payments.” Julia N. from Worldline talks open banking and Online EFTPOS in this extract from the NZ Fintech Report 2024. https://lnkd.in/gTJ9T44F #openbanking #fintech

Neobanks are Disrupting the UAE Banking Landscape!! . . . . . . Gone are the days of long queues and limited digital options! The UAE is witnessing a surge in Neobanks and Challenger banks. Here's why you should pay attention: ** 21% of UAE adults** already use Neobanks and this number is rising. ** Lower Fees, Faster Transactions, and User-Friendly Apps** are just a few reasons for their popularity. ** Traditional Banks** need to adapt or risk losing young customers. Tayseer Innovations helps banks navigate this changing landscape. We offer solutions to: ️** Develop Innovative Digital Banking Experiences ** Integrate with Neobanks and Fintechs ** Stay Compliant in the Evolving Regulatory Environment The Future of Banking is Digital. Is Your Bank Ready? #neobanks #challengerbanks #uae #fintech #banking #TayseerInnovations #SeerSolutions #DigitalBanking #OnlineBanking #UAEFintech #GCCFintech

From the History of our Reports: Digital Payment Ecosystem in 2022, which we made during covid 1) Independent Payment Business will Continue to Lack Profitability A) An Increasing Number of Payment Fintechs Will Look Towards Lending ✅ B) Deep B2B Payment Fintechs will move into Payment-As-A- Service and Banking-As-A-Service (like Credit-As-A- Service) ✅ 3) CBDC will Gradually Take Centre Stage ✅ 4) Tokenisation Will Witness Widespread Adoption ✅ 5) B2B Payments Remain Unresolved ✅ 6) Number of Reconciliation Platforms will Surge ✅ 7) Government and RBI Support will Continue to Propel Innovation ✅ 8) Recurring Collection as a Service ✅ 9) Prepaid will Scale 🚫 10) BNPL will become a Default Payment Option 🚫   11) Payment Fintechs will receive $3-5 B in funding over the next year 🚫 Many predictions went right and many went wrong. Releasing it without edits for you to judge. www.thedigitalfifth.com #fintech #digital

The MENA region is setting a new standard in open banking, where digital transformation is meeting real-world needs for consumers and fintechs alike. It’s not only about tech innovation but rather about crafting solutions that resonate with MENA’s unique cultural and financial landscape. As leaders in the industry, we witness the fast pace of change daily. Yet, how often do we see regional examples that are genuinely reshaping innovation? MENA is proving open banking’s impact, elevating customer experiences and widening access to financial services. Here are some examples making waves across the region: ✓ Dapi in the UAE: By embedding bank payments directly within apps, Dapi empowers real-time transactions that simplify payments and data access for businesses. The result? Faster, streamlined operations for companies across MENA. ✓ Spire Tech, Bahrain: Redefining personal finance by aggregating account data, Spire Tech demonstrates what’s possible with an open banking platform that balances compliance with enhanced customer service—showcasing how banks and fintechs can collaborate effectively. ✓ Tarabut Gateway, Dubai: With an API that supports everything from regulatory reporting to third-party management, Tarabut Gateway offers personalized financial solutions across MENA. This capability has redefined what customers expect from banks and has elevated the region’s profile on the global stage. Do these success stories shift your perspective on open banking’s potential in MENA? What do you see as the next big opportunity for MENA’s open banking landscape? #BankingInnovation #OpenBankingMENA #DigitalTransformation #FintechLeadership #Fintech #FinancialServices

The GCC banking sector is being transformed by innovative technologies, changing customer expectations and disruptive forces. With a youthful, technology-seeking population demanding easier access to financial solutions, the region is ideal for fintech companies and neobanks to thrive. The market value is expected to reach $3.45 billion by 2026. Neobanks are redefining customer experience and product innovation. Over the years, the GCC's digital banking ecosystem has welcomed new players and seen incumbents create digital banking platforms. Capturing a larger share of consumer wallets and generating profits remains a challenge. A report by McKinsey highlights the embedding of data and AI capabilities as the solution. Neobanks are using AI to quickly launch products and integrate open banking capabilities, driving growth. Neobanks offer convenience, allowing customers to manage accounts and apply for loans online. Digital players such as Ajman-based Ruya and Abu Dhabi-based Wio Bank are transforming the market. Saudi Arabia's neobank market specifically is growing, with new entrants such as D360 and STC Bank. Technological advances and regulatory support are driving growth, while traditional banks are investing in digital infrastructure. Incumbents such as Abu Dhabi Commercial Bank and Kuwait's Boubyan Bank Group are launching greenfield neobanks to keep pace. (Image by ArabianBusiness)  #Fintech #Neobanks #DigitalBanking #Innovation #AI #OpenBanking

According to our ME Executive Director, Khaled Al-Ahli, FCMI, the UAE is witnessing a remarkable surge in demand for digital payment solutions. Trends reveal a consistent preference for credit cards, digital wallets and Buy Now Pay Later. Read more about the UAE's digital payment trends and how advanced technologies are shaping the future of banking 👉 https://lnkd.in/e3HAR-V5 #DigitalPayments #CashlessEconomy #UAEFinance