Topic: digital banking
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STC Bank Launches Smart Saver & Finance Tools for Customers
STC Bank has launched two Shariah-compliant digital tools, Smart Saver and Smart Finance, to simplify saving and provide flexible financing while adhering to Islamic banking principles. Smart Saver helps customers build savings automatically through round-ups and recurring transfers, offering com...
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AI Is Making Banking More Personal
AI is transforming banking by enabling highly personalized customer service through data analysis, moving beyond basic digital access to anticipate needs and build loyalty. Successful AI deployment requires balancing innovation with responsibility, respecting brand heritage and consumer privacy w...
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Allica Bank Becomes Fintech Unicorn With $155M Series D
Allica Bank has become a fintech unicorn, raising $155 million in Series D funding to reach a $1.2 billion valuation, reflecting strong investor confidence in its niche market focus. The bank exclusively serves UK small and medium-sized enterprises (SMEs) with tailored products, arguing this segm...
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Fi Shuts Down Banking Services, Shifts Focus
Fi is discontinuing its core banking services, directing customers to access their Federal Bank savings accounts directly through the bank's own app, while assuring all funds remain secure and accessible. The well-funded neobank, which served millions, is pivoting its core business away from cons...
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Uzbekistan's Uzum Soars to $2.3B Valuation in 7 Months
Uzbekistan's digital ecosystem leader, Uzum, has achieved a $2.3 billion valuation, a 53% increase, following a $131.5 million funding round led by Omani sovereign wealth funds to support its pre-IPO roadmap. The company's integrated platform, combining e-commerce, payments, and banking, has reac...
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MrBeast Acquires a Banking App
Beast Industries, owned by YouTube star MrBeast, has acquired the teen-focused banking app Step, marking its first major move into financial services. The acquisition aligns with MrBeast's plan to launch a personal finance channel, leveraging his massive, young audience to promote the youth-orien...
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