08/13/2019
Challenger banking comes to trade finance with the launch of the Anglo-Gulf Trade Bank
74 percent of rejected trade finance applications stem from micro, small and medium sized businesses.
FinTech
08/13/2019
Crypto criminals rake in $4.3 billion in 2019 so far, says new report
Over just the last few months alone, hackers and cyberthieves managed to steal roughly $160 million in assorted crypto funds
08/13/2019
Investment in adviser fintech lowest since early 2018
Dip in venture capital funding, but early stage companies are tackling a variety of adviser challenges
08/12/2019
Abu Dhabi’s Mubadala throws support behind cryptocurrencies
Mubadala invests in MidChains, an Abu Dhabi-based exchange for cryptos
08/12/2019
Why banks need to undergo 'bionic transformation'
As tech continues to evolve customer expectations and interactions, banks are quick to respond to meet their demands
08/09/2019
Israeli Cryptocurrency Traders Locked Out of Banking System: Report
The issue is not the tax authorities
08/09/2019
UAE is not a mature PE market but technology might help managers’ fundraising efforts
For newer, less mature PE markets, such as the one being developed in the United Arab Emirates, technology tools combined with traditional roadshows are enabling managers to connect with new investors, be it for primary or secondary PE fund products.
08/08/2019
African Fintech firm enters UAE market to empower African expat community with financial solutions
African payment gateway Innovate 1 Pay this week announced that it is launching its Dubai office, bringing easy and seamless money transfer and payment services to African expatriates in the region.
08/08/2019
Saudi British Bank believes blockchain can revolutionize global trade
Saudi Arabia is among the top nations who depend on international trade a lot.
08/07/2019
Dubai’s DIFC-based InsurTech firm secures new blockchain deal
The global InsurTech market revenue was valued at $533mln in 2018 and is expected to reach over $1bln by 2023
08/06/2019
Middle East investors embrace tokenisation to build sustainable wealth
UAE to publish concrete legal frameworks for tokenised assets soon in a bid to improve legal security
08/06/2019
Websites that violate privacy right emerge on the Internet
The cost of obtaining personal information such as address and mobile number is about 300 fils, or about KD 6 monthly.
08/04/2019
DIFC, Mashreq Bank and norbloc ink agreement
While DIFC and Mashreq Bank will serve as inaugural members, the consortium will be open to all qualified financial institutions and licensing authorities.
08/04/2019
KFH-Bahrain launches secure & simple mobile banking application
KFH-Bahrain launches secure & simple mobile banking application
08/03/2019
Prepping UAE banks for a digital future
But building those platforms will also require investing heavily in needed skills
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.
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."