The UAE and Saudi Arabia have started using fintech for cross-border settlements, including a digital currency which they jointly developed for that purpose.
Ras Al Khaimah introduces a new smart way to pay
The RAK Department of Finance have announced the launch of RAK SmartPay, an integrated e-payment system in the emirate.
UAE residents trust tech companies more than banks: study
A majority of UAE residents are willing to get banking services from an established technology company, according to a recent study.
Saudi Arabia’s ICD eyes blockchain tech for Islamic banks
The Islamic Corporation for the Development of the Private Sector (ICD) plans to introduce a blockchain-based product to help Islamic banks manage their liquidity needs.
Emirates NBD challenges UAE’s brightest young minds
Over 250 developers and tech enthusiasts from the Google Developers Group (GDG) and coding communities in the UAE and MENA region took part in an exciting 18-hour Codeathon, organised by Emirates NBD.
Abu Dhabi Securities Exchange explores the crypto-asset phenomenon
Abu Dhabi Securities Exchange (ADX) has released a thought paper on infrastructure for crypto and distributed ledger environment, and financial market infrastructures (FMIs).
Abu Dhabi, Bahrain to foster fintech innovation
Abu Dhabi Global Market (ADGM) and Central Bank of Bahrain (CBB) have partnered to promote and facilitate innovation in financial services.
Why the banking sector needs to focus on cyber resilience
With the increasing number and frequency of sophisticated attacks on the banking sector in the region, the need to develop a comprehensive cybersecurity programme is now more pertinent than ever.
Dubai bank warns residents of VAT phishing email
Dubai’s Emirates NBD has warned customers to beware of a new phishing email scam which claims to offer VAT refunds.
US-based Halal online investment firm eyes UAE market
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.