09/04/2019
Dubai-backed fintech company Numbrs reaches $1bn valuation
The firm plans to use the latest fund-raising to support expansion plans beyond Germany, particularly into the UK.
FinTech
09/03/2019
Red Hat Launches OpenShift Service Mesh
While microservices present a transformative option for modern, cloud-native applications, effectively developing and using microservices in production can raise new challenges of implementing and managing inter-service communication.
09/03/2019
ADCB launches real time trade finance for customers on dltledgers Blockchain platform
Provider recorded "remarkable growth" in online transactions from January to July.
09/03/2019
CR2 and Network International announce partnership to deliver Mobile Banking as a Managed Hosted Service in MEA
CR2 and Network International will deliver mobile banking as a Managed Hosted Service, enabling banks to rapidly deploy and cost-effectively manage their mobile banking services
09/03/2019
Israeli Cybersecurity Startup axonius Raises $20M
Axonius co-founder and CEO Dean Sysman said the funds will help the company “drive customer acquisition and expedite product development,” according to Venture Beat.
09/03/2019
UAE bank ADCB adopts blockchain for trade finance
In trade finance, blockchain improves the transaction’s speed and transparency for the parties involved.
09/03/2019
Demand for crypto and digital assets in GCC to rise manifold
The increase in trading activity on the crypto markets indicate that there is institutional participation.
09/03/2019
Emirates NBD's Smart Pass locks out users without smart devices
The security measure replacing OTP texts for online transactions prevents SIM swap fraud, but requires a smartphone or tablet
08/30/2019
Dubai-backed fintech reaches unicorn status
The startup has deliberately focused on private investors, as opposed to venture capital firms and private equity or sovereign wealth funds.
08/30/2019
Dubai-based ASA Ventures to Launch ZON – The Region’s Largest Decentralized e-commerce Network
Mobile Application Based E-Commerce Platform to Focus on Large Number of Retail Smes Currently Unserved by Online Marketplaces
08/30/2019
Why crypto foundations should be robust, clear
Bitcoin - the first, most popular and dominating force in the crypto spehere - has been notorious for its volatility.
08/30/2019
Falcon Network's investors conclude investment in start-ups
Dr Sayd Farook, co-founder of the Falcon Network, said: "We are delighted with the success of our first round - with over 223 start-ups submitting funding applications from 46 different countries.
08/29/2019
Dubai-based ASA Ventures to Launch ZON - The Region's Largest Decentralized e-commerce Network
The UAE Ministry of Economy has estimated that e-commerce constitutes 10 percent of total sales in the UAE, while the country has enormous potential with nearly 100 per cent smartphone ownership and internet penetration.
08/29/2019
Enterprise blockchain vendor R3 has partnered with a Dubai-
The sukuk market has gained global popularity in recent years
08/29/2019
UAE banks ahead of regional peers in digital transformation
Noor Bank has done quite a lot in its digitalisation process over the past two to three years
08/28/2019
Emirates NBD’s fintech tie-ups positive: Moody’s
Emirates NBD move will help bank develop new digital products and services
08/28/2019
NBB inaugurates bulk cash deposit machine to support business clients
The bank’s Cash Deposit Machines are accessed by biometric scan and clients can deposit cash up to 20,000 notes at a time.
08/28/2019
Dubai ranked seventh in the world’s top FinTech Locations of the Future
Report highlights factors influencing the top ten ranking in FinTech locations
08/28/2019
How three countries are approaching blockchain innovation
To help support the move, Dubai developed a guide to blockchain implementation, in partnership with Educhain and Dubai Blockchain Centre, which would connect innovators with resources and integrate blockchain developments into municipal processes early on
08/27/2019
PayThink Middle Eastern M&A heightens payment fraud and laundering risk
Accuity research found a 25% reduction in CBRs between 2009 and 2016, partly driven by regulatory demands and enforcement actions against institutions that breach AML laws.