DFSA joins launch of Global Financial Innovation Network
The Dubai Financial Services Authority has announced the launch of the next phase of the Global Financial Innovation Network …
FinTech
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Commercial Bank of Kuwait installs video kiosks at 68 branches
Commercial Bank of Kuwait has started to adopt the smart-branch model by creating a flexible and cost-effective virtual banking system…
National Bank of Kuwait Set to Use Ripple for International Remittances
The National Bank of Kuwait has started blockchain-based remittance services to Jordan using blockchain technology supplied by Ripple. The…
TCS Bancs core system shows Solidarity in Bahrain
Solidarity Bahrain, a subsidiary of Solidarity Group Holding, provides a range of Sharia’h compliant protection products. Solidarity Bahrain was founded…
Speakers Including the World's Top Fintech Influencers Announced at Third Middle East and Africa Fintech Forum in Bahrain
Bank ABC announced that the Third Middle East and Africa Fintech Forum will feature some of the world’s leading figures,…
UAE-Saudi digital currency will be restricted to few banks, central bank says
A proposed UAE-Saudi digital currency will be restricted to a few banks in each country for executing financial settlements between…
UAE, Saudi central banks to launch common digital currency called 'Aber'
The central banks of the UAE and Saudi Arabia announced the launch of a common digital currency called "Aber", which…
Islamic banking software a rapidly growing market
The global market for core Islamic banking software solutions for banks – notably, not including products from fintech startups –…
Iran's central bank issues draft rules on cryptocurrency
The Central Bank of Iran has released an early draft of its regulations on cryptocurrencies, reversing a previous ban, but…
Open Banking: Growing in customer trust in 2019 by Herbert Leonelli, Profile Software
The banking industry is looking to achieve strong customer authentication, consent and reliability as required by PSD2, Open Banking and…
Middle East cryptocurrency exchange ‘Rain’ to be Shari’a compliant
Rain, a Bahrain based cryptocurrency exchange operating out of the Regulatory Sandbox, has today announced its successful Shari’a compliance certification…
Banks move toward digitisation, fintech
The Union of Arab Banks (UAB) expects Arab banks, including Egyptian banks, to adopt digitisation and financial technology (fintech) in…