08/23/2019
Phone scam warning for UAE residents
Fraudsters now call people directly or send them WhatsApp message.
FinTech
08/23/2019
UAE's AI Minister to inaugurate Artelligence Forum in Dubai
Omar Sultan Al Olama is currently the managing director of the World Government Summit.
08/22/2019
Gulf Bank introduces selfpay and e-loans to its online and mobile banking services
The shared link, which can be sent via SMS and email, is valid for 24 hours and allows users to track the status and history of their payments with ease.
08/21/2019
Israeli Financial Authority to Accelerate Blockchain, Fintech Licensure
Additionally, preliminary research by the Israeli Securities Authority has shown that dozens of companies, at a minimum, could receive a work permit in Israel with minimal changes to their business models or technologies, per the report.
08/21/2019
Making strides in the Fintech world
Allied Wallet does this by introducing innovative payment processing solutions for online merchants, enabling them to send and receive global payments.
08/21/2019
Noor Bank partners with UnionPay to launch QR-based mobile payments
Noor Bank is the largest issuer of UnionPay cards in the UAE.
08/20/2019
In UAE, Dubai firms poised to launch blockchain data-sharing platform by 2020
The programme also outlines the creation of a consortium agreement to govern the mutualisation of KYC efforts among future participating banks, government bodies, financial institutions as well as other licensing authorities to subscribe to the platform.
08/20/2019
Kuwait Finance House launches open banking
The preparation for open banking comes in support of the long-term vision of the Central Bank of Bahrain, as well as KFH-Bahrain’s strategy and commitment to further drive and support innovation in the fintech industry, by investing in systems that
08/20/2019
SMBC Selects Exiger's DDIQ as a New AI AML Tool in EMEA Region
Following a rigorous evaluation period, SMBC selected DDIQ to deploy throughout its client onboarding and monitoring processes.
08/19/2019
Edinburgh’s Exterity expands operations in Middle East
Expansion of the team has seen the firm recently move into larger premises in Dubai.
08/19/2019
Bank Hapoalim Opts for Wolters Kluwer's OneSumX Software for Measuring Counterparty Credit Risk
The solution identifies and estimates the degree of systemic concentration based on counterparty risk and credit exposure analysis and enables compliance with regulatory requirements such as Basel II/III.
08/19/2019
Kuwait International Bank launches video call banking service
Customers will be able to talk to representatives face-to-face.
08/19/2019
Understanding the state of cryptocurrency in the UAE
Lack of regulations isn't hindering a surge in investments in crypto-based firms.
08/19/2019
Bank Hapoalim Opts for Wolters Kluwer's OneSumX Software for Measuring Counterparty Credit Risk (SA-CCR)
OneSumX Credit Risk calculates credit valuation adjustment, debt valuation adjustment and funding valuation adjustment, enabling exploration of the correlation between credit, market and behavioral risk in an integrated approach.
08/16/2019
Cybersecurity: Staying one step ahead
Stephan Berner, CEO at Help AG, sheds light on how financial institutions should approach their cybersecurity strategies
08/15/2019
QFPay raises $20mln in its latest round of funding from an all-star roster of investors
QFPay secures an all-star roster of new strategic investors in the latest round of capital raise including MDI Ventures, Rakuten Capital and VentureSouq; existing investors Matrix Partners and Sequoia Capital China also participated
08/14/2019
Kuwait hit in Pyongyang cyberattack
UN experts investigate at least 35 instances in 17 countries
08/14/2019
Crypto currency reigns
In previous comments to the GulfWeekly, Abdullah has said: “Rain is incredibly excited to watch the cryptocurrency continue to evolve.
08/14/2019
Will Egypt launch its own official digital currency?
In May 2018, Facebook announced that it was seeking to launch its own cryptocurrency in dozens of countries, but the July 31 statement said that the initiative faces a great deal of criticism from regulators and lawmakers around the world.
08/13/2019
Nigerian Edmund Olotu’s TechAdvance raises $1m from Bahrain investor
Ventureburn sought comment from the company on its expansion plans, among other questions, but had not received a response at the time of publication.