Kuwait’s central bank has issued regulatory guidelines for companies wishing to experiment with new financial technology products and services.
Al Hilal Bank is the first Islamic bank in the world to leverage Blockchain technology for the resale and settlement of an Islamic Sukuk.
The Department of Economic Development (DED) in Dubai and Visa have signed a Memorandum of Understanding (MoU) to help grow the UAE’s consumer eCommerce sector by encouraging more merchants to take their businesses online, and educating consumers on the benefits of digital payments and shopping and paying online.
Emirates NBD has announced that its debit and credit card customers can now pay via Google Pay.
A digital currencies wallet and trading platform which offers an additional cash deposit service has recently launched in the UAE.
Investments in Gulf-based fintech startups are expected to reach $ 2 billion in the next decade, compared to a mere $ 150 million invested in the last 10 years, according to a new study by MENA Research Partners (MRP), a leading research company in the region.
Android phone users in the UAE can now make “secure and contactless” payments with Google Pay.
Abu Dhabi Securities Exchange (ADX) has released a thought paper on infrastructure for crypto and distributed ledger environment, and financial market infrastructures (FMIs).
Abu Dhabi Global Market (ADGM) and Central Bank of Bahrain (CBB) have partnered to promote and facilitate innovation in financial services.
First Abu Dhabi Bank (FAB) has launched a new portal powered by Artificial Intelligence (AI) and machine learning tools to deliver advanced analytics to merchants.
Dubai’s Emirates NBD has warned customers to beware of a new phishing email scam which claims to offer VAT refunds.
Dubai International Financial Centre (DIFC) has signed a series of landmark agreements between FinTech Hive at DIFC and global Fintech accelerators.
Wahed Invest, a New York-based firm and the first fintech Islamic Economy startup has raised an additional $8 million this year from existing investors to accelerate development of a global savings solution and international expansion.
The adoption of blockchain, artificial intelligence, cryptocurrencies and other advanced technologies are expected to have a positive impact on the global Islamic finance sector and create new benefits and opportunities for banks and consumers alike, according to experts at GIES 2018.