Fintech company QPAY has launched a major blockchain e-commerce initiative based on the ‘Ethereum’ blockchain platform in Qatar.
Education, Government
Preparing young Emiratis in AI is vital for UAE’s future, says minister
Omar Sultan Al Olama, UAE’s Minister of State for Artificial Intelligence, member of the Board of Trustees of Dubai Future Foundation and deputy managing Director, has revealed a new initiative that aims to equip the next generation of Emiratis with leadership skills.0 2905
Saudi Arabia sees “largest fintech acquisition” to date
Gulf Capital has reportedly acquired a strategic stake in Saudi Geidea, a provider of electronic payment solutions and financial technologies in the Kingdom of Saudi Arabia.
Banks don’t want to be left behind in blockchain revolution: experts
Blockchain technology brings huge potential for banking behemoths to reduce costs while ensuring that their customers benefit from quicker and cheaper services.
EU calls for increased investments in AI
The European Union is targeting $24.4 billion of investment in artificial intelligence by 2020.
FinTech Hive programme now includes Islamic finance
FinTech Hive at DIFC has announced that its upcoming programme will expand its themes to include insurance, Islamic finance, and regulatory technology services.
Four billion people will be at risk to cyber-attacks by 2020
The annual cost of damages caused by cybercrimes is expected to reach $6 trillion by 2021, according to a recent industry report.
Emirates NBD achieves major IT transformation milestone
Emirates NBD has announced the launch of its own private cloud platform. The move is part of the bank’s ongoing AED 1 billion IT transformation.
Emirates NBD rolls out blockchain-based cheques
Emirates NBD has become the first to successfully go-live at scale with ‘Cheque Chain’, integrating blockchain technology to reduce cheque fraud.
GCC consumers eye switch to “digital only” banks: report
Nearly two-thirds of GCC banking customers would be prepared to move to a digital only bank, according to latest findings from EY.
MENA FinTech market to attract $2 billion in deals
The current MENA fintech market is estimated at $2 billion and expected to witness an annual growth of $125 million until 2022, according to MENA Research Partners (MRP).