Banks have been on a multi-decade-long digitalization journey during which they have been called on to respond proactively to client needs for more accessible, efficient, and cost-effective banking by completely transforming their business models. Bank customers are increasingly unwilling to accept slow service, high fees, and one-size-fits-all products. They want…

Are you looking to capture the growing demand for mobile banking? If yes, you might be already stuck with choosing an app development approach: native, hybrid, or cross-platform development frameworks. …

If you are a FinTech company building an international money transfer, payment solution or remittance platform, an integral part of it would be a cross-border money transfer processor. The only other alternative is creating your own banking network by forging relationships with traditional banks which is lengthy and requires a…

That is the story of how Velmie empowered the Tunisian Central Bank with blockchain payment software to run a pilot project of introducing CDBC wallet. What is CBDC (Central Bank Digital Currency or National Digital Currency)? CBDC uses an electronic record or digital token to represent the virtual form of a fiat currency of a particular nation or region [Source: Investopedia]…

Building a banking app tailored for small business owners to help them grow and thrive. Encouraging Female Financial Inclusion Today about 980 million women still have no access to financial services — which makes 56% of all unbanked adults globally. This means that their money is not protected, they have no access to savings…

Growing Impact of Financial Software Solutions The COVID-19 pandemic provided a unique opportunity for the fintech industry. It fast-tracked a shift from traditional banking services predominance to the abundant digitalization of financial services. This year is likely to be just as momentous, with digital banking no longer considered just a financial lifeline but a way of…

The MENA region is fast becoming an exciting frontier for the FinTech industry, with growth benefiting from a confluence of contributing factors, including favourable demographics, economic potential, digital appetite and mobile penetration. The financial technology industry is in the beginning of its development in the MENA region. That is illustrated…

As the new year approaches it is a great time to recap 2020 outcomes, review market activity and expert predictions for 2021 to tailor the strategy accordingly. This year was full of unpredicted events with the pandemic and lockdown as major ones that had a strong influence on the financial…

Velmie, a mobile banking technology provider, carried out research on how the MENA FinTech environment has been transforming recently. The aim was to spot specific regional trends, drivers and challenges that are likely to influence the FinTech industry in the Middle East and North Africa in 2021 and further. The…