09/28/2023
UAE's crypto transactions hit nearly $35bn amid rising regulatory clarity
While this represents a 17 per cent drop compared with the previous year, the UAE's crypto market fared much better than many other countries in the region
FinTech
09/27/2023
The Digital Cooperation Organization welcomes Qatar as a new member state to advance the global digital economy
This trusted relationship promises to bolster both Qatar and DCO’s initiatives, driving progress toward a more connected, equitable, and digitally advanced world
09/25/2023
NOW Money and BBC Shine Light on Financial Inclusion Impact
The UAE has the fifth largest international migrant population in the world, with 7.8 million migrants across the region and workers from South Asia accounting for nearly 60 per cent of the total population.
09/21/2023
Dubai Ready to Capitalise on Projected 17.2% Global Growth of Fintech Investment, Says DIFC
Leveraging automation technologies such as artificial intelligence (AI), blockchain, and cloud computing are seeing business model and product innovations that have led to reduced operating costs and streamlining of inefficient processes.
09/21/2023
Software AG spotlights ‘effortless connectivity’ for high-performing enterprises at GITEX Global 2023
The innovation promises to empower enterprises with effortless connectivity, providing a leap forward in achieving seamless integration
09/19/2023
StashAway and Lean Technologies lead the way in simplifying investing through payment innovation
In an industry-first collaboration, investors can now set up recurring deposits via StashAway within 2 minutes – making it easier than ever for people to build wealth over the long term
09/19/2023
Introducing The London Institute of Banking & Finances’ new FinTech glossary
To support those working - or aspiring to work in the FinTech sector - to demystify jargon and simplify cutting-edge concepts in the MENA region
09/18/2023
US-based software provider Eton Solutions sets up Middle East HQ in Dubai, targets growing family office market
The company’s expansion move comes amid the internal troubles in Hong Kong – historically a major global hub for family offices – said to have triggered a wide spread relocation move, with Dubai expected to emerge as the major gainer
09/15/2023
Digital bank Wio expands service to include retail customers
The platform is offering a promotional interest rate of 6% a year for savings of up to Dh5 million
09/13/2023
Saudi Venture Capital invests $5m in VentureSouq FinTech fund
FinTech continues to be one of the largest, most dynamic and most consequential spheres of innovation in the world.
09/13/2023
With AI to help, UAE employees want to say ‘goodbye’ to boring work: LinkedIn
Rather than see AI as threat, employees see it helping with jobs – and career advice
09/12/2023
Netzero named Saudi Arabia's most promising tech start-up by KPMG
To select the final winner, KPMG assessed six criteria, namely disruption and innovation, market potential, customer adoption, market traction and marketing, long-term potential, and pitch quality.
09/08/2023
Abu Dhabi research center launches Falcon 180B model to boost generative AI development
They are trained on huge datasets of text and code, and can be used for a variety of purposes, such as research, commercial applications, and education.
09/01/2023
Banking sector fintec major Zafin eyes $5bn market with early AI product launch in Middle East
Middle East is estimated to account for about 5% of the $100 billion global market opportunity globally in the AI-driven ‘pricing and promotion’ functions of banks
08/31/2023
UAE is poised to be a global leader in AI
The country could play a central role around AI and its regulation, says Mastercard
08/31/2023
Black Banx Backing Turkey’s Evolution Into Fintech Center
The fintech market for advanced technologies is expanding rapidly and entry into the market is expected to continue to increase.
08/30/2023
Middle East's digital economy to hit $780bn by 2030 and outpace global growth
The fourfold increase will be supported by favourable demographics, strong policy support, solid funding and rising innovation, UBS says
08/24/2023
Valu rebrands as part of its evolution into a universal financial technology powerhouse
Valu has consistently been at the forefront of innovation and a game-changer in the fintech space since its inception as the first BNPL platform in the MENA region.
08/24/2023
Banking sector fintech major Zafin to set up third global operational centre in Dubai
It is also in talks with Microsoft, its global partner for cloud operations, to explore the tech giant’s data centre spread out in the region for tie-ups for housing data related activities
08/23/2023
Shariah-Aligned Digital Currency, Islamic Coin, Collaborates with Republic Crypto
They have provided critical insights on devising Shariah-respecting distribution techniques and allocation methodologies