Dubai International Financial Centre’s FinTech Hive has opened the 2018 edition of its accelerator programme, in partnership with Accenture.
AI to detect mobile banking fraud in seconds
Microsoft has developed a solution using artificial intelligence (AI) that can identify fraudulent mobile banking transactions in less than two seconds.
HSBC UAE promises 80% digital interaction to customers
HSBC UAE has unveiled its latest innovation designed to deliver the best digital banking experience with a first-of-its-kind Customer Service Unit (CSU) in Mirdiff City Centre.
Abu Dhabi offers licences for tech startups
Abu Dhabi Global Market (ADGM) announced the launch of the new commercial license for ADGM tech start-ups for entrepreneurs.
Dubai’s DFSA inks FinTech deal with Singapore authority
The Dubai Financial Services Authority (DFSA) and the Monetary Authority of Singapore (MAS) have recently entered into an agreement that provides a framework for cooperation and referrals between the innovation teams of each authority.
Standard Chartered pilots world’s first blockchain-based trade finance guarantees
Standard Chartered to introduce industry-first end-to-end blockchain-based smart guarantees proposition in trade finance.
UAE-based firm launches world’s first Shariah-compliant crypto exchange
UAE-based financial services firm ADAB Solutions has announced plans to launch the world’s first Shariah-compliant cryptocurrency exchange.
Dubai-based Finesse to drive digital banking with new partnership
Equifax Analytics and Finesse have signed a partnership agreement to drive digital transformation in financial institutions across the Middle East via its BureauOne platform.
Financial sector top target for phishing attacks: report
In the second quarter of 2018, Kaspersky Lab’s anti-phishing technologies prevented over 107 million attempts to visit phishing pages, of which 35.7 percent were related to financial services and targeting customers through fake banking or payment pages.
Fintech innovators to take centre stage in Abu Dhabi
Abu Dhabi Global Market (ADGM) has opened the second edition of the FinTech Abu Dhabi Summit.
Dubai’s first-ever digital-only bank introduces new service
Liv., the lifestyle digital bank by Emirates NBD aimed at millennials has announced that they are working with Al Etihad Credit Bureau (AECB) to provide customers easy and instant access to their AECB Credit Score.
Abu Dhabi Islamic Bank accelerates digital drive with new appointment
Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has appointed Serhat Yildirim as its new Chief Digital Officer.
Chinese consumers in UAE can now use Alipay
Network International has partnered with Alipay to provide seamless payment services to Chinese shoppers in the UAE.
UAE transfers AED 1 billion wages via e-system
Around AED 1 billion ($272.2 million) worth of wages was transferred through the UAE Wages Protection System (WPS) during the period from 2013 through 2017, according to the recent figures by the Central Bank.