Theft of cryptocurrencies through hacking of exchanges and trading platforms soared to $927 million in the first nine months of the year, Reuters reported.
Why Kuwait’s Central Bank will spend big on tech
Tariq Al Usaimi, the newly appointed head of digital strategy for the Central Bank of Kuwait, has said that the …
UAE bank first globally to offer contactless, QR payments
Mashreq Bank and Mastercard has partnered to launch Masterpass QR, a safe and secure Quick Response (QR) mobile payments solution, accessible via the bank’s mobile application, Snapp.
UAE bank unveils region’s first sound-based payment tech
First Abu Dhabi Bank (FAB has launched a new sound-based payment system through its digital wallet payit.
UAE’s Emirates NBD set to launch services via chat app
Emirates NBD has announced that it will soon launch customised banking services via WhatsApp in the UAE.
Middle East arm of Locus Chain Foundation creates token wallet
The MENA headquarters of Singapore-based next generation blockchain platform, Locus Chain Foundation (LCF), in Dubai has announced that it will create a token wallet on Bibox.
RAKBANK enables seamless cash remittance via blockchain network
RANKBANK has signed an agreement with Sri Lanka’s Cargills Bank to leverage Ripple to enhance its financial services.
Middle East finance firms plan more fintech tie-ups in coming years: study
FinTech is increasingly impacting the financial services sector with 82 percent of financial services companies plan to increase fintech partnerships in the coming three to five years.
Dubai Expo 2020 to use biometrics, VR tech for cashless payments
Mastercard has been named as the official payments technology partner of Expo 2020 Dubai with the aim of creating personalised, seamless and cashless experience for millions of visitors from around the world.
Abu Dhabi authorities to develop smart solutions for fintech sector
Abu Dhabi Global Market (ADGM) has announced the signing of a strategic new Memorandum of Understanding (MoU) with Abu Dhabi Smart Solutions and Services Authority (ADSSSA).
Smart Dubai turns to blockchain to expedite government transactions
Smart Dubai Office (SDO) has launched the ‘Payment Reconciliation and Settlement’ System, which was developed in collaboration with the Dubai Department of Finance as a blockchain-powered upgrade to its financial system.
Dubai-based bank teams up with PwC to foster digital innovation
Commercial Bank of Dubai, (CBD) and PwC Middle East have signed an agreement to foster innovation in the country.
Saudi telco rolls out fintech solution for the “unbanked” population
Saudi Telecom Company is reportedly launching its first-ever FinTech platform in the kingdom next month.
ADGM enlists UAE telcos to boost digital innovation in finance sector
ADGM, Etisalat and du have partnered deploy and showcase innovative solutions and integrated services to transform the digital offerings of information and communications technology and related services across Al Maryah Island.