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.
Emirates NBD has signed a new strategic partnership with Hortonworks, the industry leader in connected data platforms.
UAE based RAKBANK says it is in the process of tying up with three new fintech firms, in an attempt …
Dubai citizens and residents will soon be able to make digital payments for school fees, bills and retail purchases with a stable, digital currency after a partnership between blockchain payment providers and emcredit – Dubai’s Credit Bureau.
The Abu Dhabi Smart Solutions and Services Authority (ADSSSA) formally launched its ‘Abu Dhabi Government Digital Payment platform’ (ADPay).
Theft of cryptocurrencies through hacking of exchanges and trading platforms soared to $927 million in the first nine months of the year, Reuters reported.
Tariq Al Usaimi, the newly appointed head of digital strategy for the Central Bank of Kuwait, has said that the …
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.
First Abu Dhabi Bank (FAB has launched a new sound-based payment system through its digital wallet payit.
Emirates NBD has announced that it will soon launch customised banking services via WhatsApp in the UAE.
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.
RANKBANK has signed an agreement with Sri Lanka’s Cargills Bank to leverage Ripple to enhance its financial services.
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.