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.
Dubai-based bank teams up with PwC to foster digital innovation
Commercial Bank of Dubai, (CBD) and PwC Middle East have signed an agreement to foster innovation in the country.
Abu Dhabi regulator calls for stricter crypto trading policies
Abu Dhabi Global Market’s head of Financial Services Regulatory Authority called for stricter international regulations for cryptocurrency trading.
Abu Dhabi rolls out digital initiative to spur financial services
Abu Dhabi Global Market, ADGM, has announced an initiative to launch a FinTech digital sandbox.
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 DFSA inks FinTech deal with Singapore authority
The Dubai Financial Services Authority (DFSA) and the Monetary Authority of Singapore (MAS) have recently entered into an agreement that provides a framework for cooperation and referrals between the innovation teams of each authority.
UAE backs global blockchain summit
A delegation from the UAE will participate in the upcoming Locus Chain World Summit in Singapore, which aims to explore the scope of expanding ‘Locus Chain’ blockchain technology across all industries.
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.
Dubai’s first-ever digital-only bank introduces new service
Liv., the lifestyle digital bank by Emirates NBD aimed at millennials has announced that they are working with Al Etihad Credit Bureau (AECB) to provide customers easy and instant access to their AECB Credit Score.
Chinese consumers in UAE can now use Alipay
Network International has partnered with Alipay to provide seamless payment services to Chinese shoppers in the UAE.