Dubai has reportedly been recognised as the seventh FinTech location globally for economic potential, highlighting Dubai’s efforts to support and expedite sustainable economic growth.
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 3882
China’s iPayLinks to expand Middle East fintech market
China-based cross-border payment services provider, iPayLinks, has announced its entry into the Middle East fintech space.
Apple Card is now available to a select few: all you need to know
Apple started rolling out the new Apple Card to a few of its customers yesterday ahead of its launch at …
Mastercard, BENEFIT announce Bahrain’s first-ever blockchain payment programme
Bahrain’s Electronic Network for Financial Transactions and Mastercard have partnered to launch a pilot blockchain programme that will enable banks to deliver fast, secure and private cross-border commercial payments.
Abu Dhabi Global Market introduces regulations for “robo-advisors”
The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has recently issued its regulatory framework for Digital Investment Managers (also known as ‘robo-advisors’).
Bitcoin jumps above $11,000 mark following Facebook’s crypto announcement
Bitcoin has jumped to a near 15-month high above $11,000, after jumping more than 10 percent over the weekend, Reuters reported.
Visa’s AI-powered platform prevents $25 billion in annual fraud
Visa has announced that its AI-based Visa Advanced Authorisation (VAA) has helped financial institutions prevent an estimated $25 billion in annual fraud.
Saudi Arabia banking sector continues to grow as digitisation increase: report
Saudi Arabia’s banking sector saw positive results in KPMG’s latest “Embracing digital report,” the audit tax and advisory services firm revealed.
Landmark Group completes first-ever dual-platform blockchain transaction with global bank
Landmark Group and HSBC have completed a first-of-its-kind transaction that connected two independently-built blockchain platforms.
Digital payments are more secure than cash: UAE consumers
According to the survey, UAE consumers are increasingly comfortable paying and transacting with card with 84 percent of respondents finding cards more secure than cash.