Smart Dubai Office (SDO) has launched the ‘Payment Reconciliation and Settlement’ System, which was developed in collaboration with the Dubai Department of Finance as a blockchain-powered upgrade to its financial system.
Preparing young Emiratis in AI is vital for UAE’s future, says ministerOmar 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 2950
“Innovation is a focal point in Abu Dhabi’s plans,” says DED chair
Abu Dhabi’s Department of Economic Development (ADDED), and Abu Dhabi Global Market (ADGM) have signed a cooperation agreement to provide more integrated support for innovators and technology enterprises.
Saudi Arabia’s SABB joins global blockchain consortium
The Saudi British Bank (SABB) has joined enterprise software firm R3’s global blockchain ecosystem.
Dubai’s Blockchain Technology Capital launches ICO auditing services
ICO Watchdogs Smart Contract Auditing Service Tokengrade, audits smart contracts to ensure it is line with a startups whitepaper, as well as auditing the quality and security of the smart contract itself.
Global fintech experts to descend into Abu Dhabi
FinTech Abu Dhabi Summit 2018 will go ‘live’ in two more weeks with two full days of activities for fintech start-ups.
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.
“Finance and retail most digitally transformed”: Fujitsu VP
Fujitsu’s vice president for the Middle East region, Farid Al-Sabbagh, says he believes that retail and finance are the most …
Nokia secures $572 million for 5G development
Finnish telecom network equipment maker Nokia has secured a $572 million (EUR 500 million) loan from the European Investment Bank, Reuters reported.
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.
World Bank seeks to deliver world’s first blockchain-based bonds
The World Bank has announced that it is taking a step to get into digital finance to sell the first-ever bond to be issued entirely using blockchain technology.