Blockchain
Fintactics Announces Its New Ventures Holoul and Leza’am; Signs MOU with Aion Digital and Bitfy Holdings at Trescon’s World Fintech Show
Riyadh, Saudi Arabia–(Newsfile Corp. – December 5, 2022) –
Figure 1: Fintactics announces its new ventures Holoul and Leza’am; Signs MOU with Aion Digital and Bitfy Holdings at Trescon’s World Fintech Show
World Fintech Show played host to the announcement and commencement of numerous partnerships. Here are some exclusive highlights of the event.
Launch of Fintactics Studio and VC Fund:
Fintactics Studio, the first dedicated Fintech venture builder in the region supported by a 150Mn SAR CMA authorized VC fund, will concentrate on supporting internal businesses and investing in cutting-edge, high-growth fintech ventures throughout the kingdom, MENA, and the rest of the world.
Fintactics Venture Builder has emerged out of Revival Lab and is launched under Arbah Capital.
Trescon hosted senior executives from the organizations:
- Saad AlMoammar, Chairman, Revival Lab
- Mohammed Al Maghlouth, Co-Founder and CEO, Revival Lab
- Haitham Al Sahafy, CEO, Fintactics
- Hisham Al Rashed, Board Member, Arbah Capital
- Mahmoud Koohaji, CEO, Arbah Capital
Partnership Agreement of Fintactics & Aion Digital
Success is contingent on having the ideal partnerships. Aion Digital, a digital banking platform that strives to revitalize banking through customer-centric digital transformations that are adaptable for financial institutions, is working with Fintactics as part of the builder’s mission to shape the financial landscape of the future. Both companies will be able to jointly develop and expand important digital products in the GCC and MENA thanks to this collaboration.
The signing included:
- Haitham Al Sahafy, CEO, Fintactics
- Mohammed Al Maghlouth, Managing Partner Fintactics
- Abdulatif Al Rajhi, Chairman, Aion Digital
- Ashar Nazim, Founder and CEO, Aion Digital
Signing of Reg-Tech (Lezaam) JV agreement
Businesses today require a fully digital onboarding experience to lead customers through their onboarding process as business resilience requirements and consumer expectations have grown. RegTech-as-a-Service with all features and capability required for digital onboarding and eKYC from journey orchestration, compliance and AML screening, and digital forensics is what Leza’am, a new joint venture between Fintactics and Aion Digital, is offering. Retail and corporate customers for GCC and non-GCC nationals with add-on services for fraud and risk management.
The signing included:
- Haitham Al Sahafy, CEO, Fintactics
- Mohammed Al Maghlouth, Managing Partner Fintactics
- Abdulatif Al Rajhi, Chairman, Aion Digital
- Ashar Nazim, Founder and CEO, Aion Digital
Partnership Agreement of Fintactics & Bitfy Holdings
To accelerate the adoption of Distributed Ledger Technologies in financial and non-financial verticals in the Kingdom, Fintactics has invested in Bitfy Holdings, a Brazilian-based venture pioneering “Blockchain as a Service” to offer tokenization of illiquid assets.
Through cooperation with the relevant regulatory bodies in the Kingdom, CMA & SAMA, Fintactics will be able to localize blockchain tokenization and securitization technologies of physical and illiquid assets. This investment was followed by a partnership at World Fintech Show.
The signing included:
- Haitham Al Sahafy, CEO, Fintactics
- Mohammed Al Maghlouth, Managing Partner Fintactics
- Lucas Schoch, Founder and CEO Bitfy Holdings
Launch of Fintech (Holoul)
Utilizing the opportunity of being preset at World Fintech Show, the launch of the most recent Fintactics Venture, Holoul was announced.
In keeping with the Saudi residents’ Vision 2030, Holoul is a digital mortgage platform that focuses on facilitating and enhancing homeownership. In Saudi Arabia, the mortgage market is evolving quickly, and the results are very positive.
There is little doubt that numerous market dynamics and political encouragement from various bodies and ministries were the driving forces behind this. In addition, it’s a marketplace where customers can find a variety of luxury home products that suit their demands.
The signing included:
- Haitham Al Sahafy, CEO, Fintactics
- Mohammed Al Maghlouth, Managing Partner Fintactics
- Basil Al Shamlan, Founder and CEO Holul Venture
About World Fintech Show
World Fintech Show is a thought-leadership-driven, business-focused event that deep dives into the latest challenges and technology trends in Saudi Arabia’s financial services sector.
World Fintech Show sets the standard for financial innovation in the Kingdom by connecting global fintech experts, technology innovators and startups with pre-qualified CFOs, CEOs, CTOs, Heads of Business Transformation, Chief Digital Officers, Heads of Innovation, government authorities, and fintech investors from Saudi Arabia.
The event features exciting keynotes, enterprise use-case presentations, product showcase, panel discussions and tech talks. Witness next-gen fintech solutions from global tech leaders and explore their relevance and impact on organizations.
Learn more: World Fintech Show
About Trescon
Trescon is a global business events and consulting firm that provides a wide range of business services to a diversified client base.
With a deep understanding of the realities and requirements of the growth markets it operates in -– the company strives to deliver innovative and high-quality business platforms for its clients.
Learn more: Trescon
For further details about the announcement, please contact:
Nupur Aswani
Head – Media, PR and Corporate Communications, Trescon
+91 95559 15156 | [email protected]
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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