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Technology, Media and Telecoms Industry News for Africa and the Middle East Microsoft Supercharges South Africa’s AI Future with $280M Investment Microsoft has announced plans to spend ZAR 5.4bn by the end of 2027 to expand its cloud and AI infrastructure in South Africa to meet …… Visa Elevates UAE’s Digital Wallets w
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News
Phoenix Venture Partners Leads $3.5M Pre-Series A Round in AI Fintech Startup Sav
6+ day, 1+ hour ago (403+ words) Phoenix Venture Partners Limited (PVP), an Abu Dhabi-based venture capital fund manager, announced that it has led a US$3.5 million Pre-Series A financing round in Sav, an autonomous consumer fintech platform leveraging artificial intelligence and open finance infrastructure to help…...
Google Cloud Launches Gemini Enterprise AI Platform for Financial Services
2+ week, 3+ day ago (416+ words) The solution is initially available in preview to organisations in the capital markets and corporate banking sectors. Global financial institutions including CME Group and Deutsche Bank are already using or testing the technology, with Deutsche Bank serving as a key…...
Revolut Launches Research Division to Advance AI-Powered Financial Services
2+ week, 4+ day ago (255+ words) Set to build alongside leading academic and technology institutions, the unit provides a unified foundation for Revolut’s proprietary AI deployments and machine learning initiatives. Revolut Research serves as the engine behind PRAGMA, Revolut’s proprietary foundation model developed in collaboration with…...
Payit Introduces Send Now Pay Later to Give Customers More Remittance Flexibility
3+ week, 4+ day ago (251+ words) First Abu Dhabi Bank (FAB), the UAE’s global bank and one of the world’s largest and safest financial institutions, has announced that Payit, its digital financial platform, has launched Send Now Pay Later (SNPL), giving eligible customers greater flexibility and…...