This week's edition of Finovate Global features recent fintech developments from Egypt.
MNT-Halan Achieves $1.4 Billion Valuation with Latest Investment
An investment from Al Ahly Capital, the investment arm of the National Bank of Egypt, has boosted the valuation of Egyptian fintech MNT-Halan to $1.4 billion. The investment represents the first closing of a new round for the firm; a second closing is expected as part of the ongoing funding. Reports indicate that the company has...
More and more banks and financial services companies are leveraging AI-powered communications to enhance the customer experience with faster response times and reduce operational costs. However, there is a wealth of key issues that institutions need to address in order to deploy technologies like AI voice agents safely and effectively while remaining compliant with an ever-shifting range of regulations.
In this interview, recorded at FinovateSpring 2026 in San Diego, California, earlier...
- Fincrime prevention company Feedzai has launched its Feedzai IQ Score, an AI-native, network-derived fraud risk solution for banks of all sizes.
- The new offering provides banks and other financial institutions with real-time access to anonymized, aggregated insights from the company's global transaction network.
- A Finovate alum since 2014, Feedzai's fraud prevention technology processes 120 billion events annually and secures $9 trillion in payments every year.
Financial...
Late last week, a handful of the largest US banks revealed a plan to launch their own tokenized deposit network.
JPMorgan, Citi, Bank of America, Wells Fargo, and other major banks will launch the new network, which is set to launch by mid-2027. The banks are launching this new network in partnership with The Clearing House (TCH), a bank-owned consortium that operates critical US payment infrastructure, including the RTP network, which enables real-time payments between participating...
- Klarna launched a high-yield savings account paying up to 3.38% APY, adding deposits and savings tools to its growing portfolio of consumer financial products.
- The move builds on Klarna's existing banking ambitions. The company already holds $12.3 billion in deposits globally and has offered interest-bearing accounts in Europe since 2021.
- As Klarna expands from BNPL into savings, payments, P2P transfers, and stablecoins, it is increasingly positioning itself as a full-service digital...
