11/14/2023
Crypto.com wins Dubai licence
Once approved, the Virtual Assets Service Provider (VASP) licence will allow Crypto.com to offer various services in-market to retail and institutional investors
FinTech
11/13/2023
Saudi fintech LYNK raises new round of investment
Launched by BIM Ventures' Saudi Venture Studio in early 2023
11/10/2023
Mastercard, Ottu partner to boost payment access across GCC
Mastercard Gateway offers advanced payment processing and fraud prevention technology to acquiring banks, merchants, micro-merchants, and technology partners
11/10/2023
Abu Dhabi’s Core42 sets new benchmark for Arabic LLM with Jais 30B
The homegrown large language model offers 160 per cent longer and more detailed answers in Arabic and a 233 per cent increase in English
11/10/2023
Crypto firm Phoenix Group is next UAE IPO, with Dh1.3b offer opening November 16; price set at Dh1.5/share
Phoenix's is the first stock market float by a crypto business in the Middle East
11/09/2023
Interview: Positive Technologies maps cybersecurity trends in MENA
Cybersecurity threats have grown in scope and size with government and enterprises having to adopt a comprehensive approach to protect their digital assets
11/07/2023
Dubai regulator VARA wants virtual asset firms to get licensed by November 17 - failure invites 'enforcement'
Virtual asset businesses lagging on applications must get their acts together
11/03/2023
XRP Approved by DFSA For Use Within the DIFC by Licensed Virtual Asset Firms
It’s refreshing to see the DFSA encourage the adoption and use of digital assets such as XRP to position Dubai as a leading financial services hub intent on attracting foreign investment and accelerating economic growth.
11/02/2023
Dubai-based BNPL Tabby raises $200m at $1.5bn valuation
The fintech’s Series D round could be followed by an initial public offering
11/02/2023
Al Fardan Exchange Launches Aani Instant Payment Platform Making ‘UAE Closer to a Cashless Society’
This strategic initiative also signifies a significant leap in the UAE’s digital payment landscape.
10/31/2023
Generation Start-up: How Vault seeks to reshape investment practices in the UAE
The ADGM-licensed digital wealth management platform aims to provide high-net-worth individuals with transparent advice
10/31/2023
Turkey plans to finalise crypto regulations in 2024
A key focus of this programme is the establishment of regulations governing the use of cryptocurrencies within the country by the end of 2024.
10/27/2023
Africa and Gulf Bank Selects Temenos to Deliver Digital Transformation on the Cloud
Temenos digital and core banking solution will enable the bank to provide innovative products faster to retail and corporate customers in Sudan and around the world
10/27/2023
Ajman Bank launches retail super app in partnership with Codebase
Leveraging Digibanc’s microservices architecture
10/26/2023
Global insurtech firm Democrance expands footprint in Saudi Arabia
Democrance helps insurers increase their digital sales and access new customer segments
10/23/2023
UAE: Emirati experts create AI-powered auditing platform
Al Mersad, developed by Abu Dhabi Accountability Authority, will bolster the speed and accuracy of auditing process
10/23/2023
Turkish fintech Figopara taps Provenir to automate risk decisioning
Cuneyt Aydemir, risk management director at Figopara, says that the company recognises that an “evolving financial risk landscape demands a more refined, real-time, and predictive risk assessment model”.
10/20/2023
Visa Launches Payment Instalment Solution to Support GCC Businesses
Visa explained that the solution aims to offer eligible Visa credit cardholders flexible payment options, enabling them to effectively manage their budgets and make larger purchases more affordable.
10/20/2023
Saudi Arabia’s IT sector set to reach $27bln by 2025
The software market is forecast to see a CAGR of up to 11%, says CST
10/19/2023
UAE apex bank unit launches instant digital payments platform
Aani signals a new era of seamless, secure, and instant digital payments