08/02/2019
Bahrain Crypto Exchange Becomes the first Middle East Trading firm to get a Central Bank License
Many crypto trading businesses traditionally found the Middle East market a tough environment to trend on.
FinTech
08/01/2019
Saudi Arabia's new robo-advisory services set to attract millennial, women investors
The kingdom's drive to lead and innovate in the fintech space can potentially attract new segments of investors
08/01/2019
Bahrain crypto exchange Rain secures MidEast's first licence
Rain is the first cryptocurrency exchange to earn a regulatory licence in the region, closes $2.5m funding round
08/01/2019
MidEast's first blockchain KYC data-sharing consortium launched in Dubai
Dubai firms will be able to digitally create a single KYC record to share data with their various financial institutions
07/31/2019
Saudi allows two firms to test computerised investment advice
The companies will also be able to offer automated online discretionary investment management under what the regulator called a "financial technology experiment permit."
07/31/2019
Microsoft and Publicis Sapient build digital trade finance bank in six months
Trade finance, unlike consumer banking, has not been reimagined in the context of a digital world.
07/31/2019
Singapore AI start-up Taiger targets Dubai for growth
Artificial intelligence start-up announces opening of new office in Dubai following $25m Series B funding
07/31/2019
Bahrain’s Rain closes $2.5 million seed round, becomes first licensed cryptocurrency exchange in the Middle East
Rain also offers customized cryptocurrency buying, selling, and storage services to businesses, family offices, and high-net-worth individuals through its institutional accounts.
07/31/2019
Saudi Arabia allows two firms to test robo-advisory services
The both companies will also be permitted to offer automated online discretionary investment management.
07/31/2019
NBB launches new digital services
The recently revamped debit cards include a ‘Personal’ card and two Platinum Mastercard product upgrades available for the Bank’s ‘Premium’ and ‘Prestige’ clients.
07/30/2019
Arabian nights and Indian startup dreams: Middle East investors eager to fund tech businesses
The Indian startup ecosystem has attracted investors across the globe be it from the US, China, or Japan.
07/30/2019
Fintech gains grounds in UAE
Fintech has surged as the most successful sector as it eases the movement of finances seamless, without boundaries making payment gateways very crucial, with data and security being at the core.
07/30/2019
AWS Launches Region in the Middle East
Hyper scale infrastructure includes three Availability Zones and connects the Middle East to AWS’s global network to power the region’s push for digital transformation
07/29/2019
Bank ABC employs biometrics from Jumio to streamline digital onboarding
Jumio, a leading AI-powered trusted identity-as-a-service provider that has verified over 200 million digital identities, is transforming the banking sector with its work with Bank ABC, one of the MENA region’s leading international banks.
07/29/2019
Waking Up To The Future Of Banking: UAE Fintech Startups Take On The Challenge Of Financial Inclusion
Entrepreneurs in the UAE highlight banking services, and in particular the obstacles to opening a bank account, as their number 1 challenge according to entrepreneurship advocacy white paper released by Dubai Chamber and Roland Berger in 2018.
07/26/2019
UAE boosts its innovation standing by 2 ranks to remain 1st among Arab Countries in the 2019 Global Innovation Index
The results were officially presented in the Indian capital of New Delhi in front of high-level figures with the UAE being represented by His Excellency Dr. Ahmed AlBanna, the country's ambassador to India.
07/25/2019
QNB moves closer to full digitisation with contactless cards
QNB is replacing its entire cards suite in its Qatar operation
07/23/2019
eazyNet's biometric payment network adds GPS as its latest member
This strategic partnership will give Eazy the advantage to scale out through GPS’s wide footprint and in return GPS will be able to expand on their existing product line and customer offerings.
07/22/2019
Dubai Chamber-led working group produces innovative Startups banking solutions
Her Excellency Dr Aisha Bint Butti Bin Bishr, Director General of Smart Dubai, said: “Smart Dubai is committed to joining all efforts to empower startups in the UAE.
07/17/2019
The Impact of Technology on the Delivery of Wealth Management in Asia
We see the fundamental driver for technology as expanding customer expectations