11/07/2018
QAB Launches Innovation Lab, Hub
Those interested can register for the Innovation Hub competition, that will be held on January 25, with their proposed idea and names of team members on www.oman-arabbank.com/theinnovation hub.
FinTech
11/07/2018
Dubai with its first official cryptocurrency exchange
Dubai has set the ambitious goal to have its government operations 50% blockchain-based by 2022. A stablecoin called Emcash is also being discussed as a possible future step for Dubai.
11/06/2018
Temenos further strengthens relationship with Arab Bank for Investment and Foreign Trade (Al Masraf)
with signing of digital change management and training platform, TLC Engine
11/05/2018
Singapore-based digital wealth startup WeInvest expands to UAE
The spokesman added that wealth penetration within banks in the Middle East has been low for private and retail banking customers.
11/05/2018
DIFC set to make first investment from $100mln fintech fund
Fund is "in the process of being seeded and structured as we speak", says chief business development officer Salman Jaffery
11/04/2018
Crypto giant Ripple plans to open office in Dubai
Senior Ripple executive says Middle East is important as a new market for the company
11/02/2018
Ripple Announces Expansion in the Middle East, Reveals Nearly 200 Financial Institutions Have Joined RippleNet
On average, every six days Ripple is adding a new customer to its network of payment providers that utilize the company’s software solutions to process cross-border payments.
11/02/2018
Dubai’s IFC becomes a hive of activity for Fintech start-ups
As many as 25 per cent of he applications were from Dubai-based start-ups
10/31/2018
Fintechs blend technology and traditional processes
Innovations in the field of RegTech, blockchain, robotics, Artificial Intelligence (AI) and digital-only banking are fuelling fintech's rapid growth in the region.
10/31/2018
Bank Hapoalim Partners With Local Startup to Give Biometric Access to Bank Accounts
Using AnyVision’s facial recognition technologies, the bank can let customers open a bank account online without having to come to the bank personally, Ronen Yochpaz, a vice president at the bank said
10/30/2018
Islamic banks slow to adopt tech, start-ups drove innovation in Shariah-compliant finance in 2017: study
The study also said there is still "substantial" white space for the Islamic finance industry to develop, in particular through a closer alignment to the United Nation's Sustainable Development Goals (SDGs) and broadening access to private
10/30/2018
Deciphering the fintech boom in the Mid East
It is still at a very nascent stage, but with 86 per cent of adults in the region remaining unbanked and with some of the highest mobile penetration rates in the world, the Middle East market is ripe for testing and scaling these new technologies.
10/29/2018
Disrupting The Old Order: Fintech In MENA
While total investment in fintech companies worldwide in H1 2018 hit US$57.9 billion across 875 deals, the $2 billion fintech market in the MENA region has only seen $150 million in investments in the last couple of years.
10/26/2018
Crypto Exchange Huobi Reveals Global Expansion and New Partnerships Plans
The first step in the ambitious regional expansion would be forging alliances with local blockchain notables.
10/25/2018
HSBC: We invested $9bn in FinTech sector
Assaf revealed that the HSBC Group invested a huge amount in technology amounting to $9 billion in order to reach the current situation.
10/25/2018
New digital bank Anglo-Gulf Trade Bank enters trade finance space
Explaining the idea behind starting up a new bank in what is today a heavily over-banked region, its deputy CEO Daniel Gould tells GTR that AGTB is “not like any other trade bank in the Middle East or the world”.
10/22/2018
Bank of Israel: We Want to Help Blockchain Companies
Regulators were speaking at the Israel Blockchain Summit alongside a number of prominent blockchain companies
10/22/2018
Bahrain Fintech Bay launches Islamic finance centre
GISFC aims to onboard more partners as it seeks to drive the Islamic and sustainability FinTech development agenda
10/21/2018
Turkey Seeks Haven in Crypto With Lira Plunge. Regulation Promised Soon
Turkey is often called as a newly industrialized country by economists and political scientists, while the World Bank classified it as an upper-middle income country in terms of the country's per capita GDP in 2007.
10/19/2018
Accelerating digital transformation in banking
Findings from the global consumer survey on digital banking