Saudi Arabia’s Tamara, a buy now, pay later digital service, has raised $340 million with backing from Saudi sovereign wealth fund Sanabil and SNB Capital. The funding round brings Tamara’s valuation to $1 billion, giving it “unicorn” status. CEO Abdulmajeed Alsukhan has indicated that the company could pursue an IPO in Saudi Arabia.
IBM has partnered with Software as a Service (SaaS) provider TechPassport to help financial institutions more easily integrate fintech solutions. Key points of this collaboration […]
For a bank to be successful, it is now mandatory to meet the environmental, social, and governance (ESG) standards, according to Ramki Ramakrishnan, APAC Managing […]
2024 will witness a significant acceleration in digital transformation within the financial services sector, spurred by hyper automation and AI integration, according to Frode Berg, […]