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.
Abu Dhabi Global Market (ADGM) has announced that FinTech Abu Dhabi’s global tour will be reaching even more cities ahead of the main event in Abu Dhabi in October 2019.
Emirates NBD and DIFC FinTech Hive have become the first to certify five FinTech startups under API Sandbox Program.
China-based cross-border payment services provider, iPayLinks, has announced its entry into the Middle East fintech space.
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 (ADGM) and OneConnect Financial Technology (OneConnect) have signed a Memorandum of Understanding (MOU) to promote and develop FinTech innovation, ecosystems, and market opportunities.
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’).
Bahrain has announced it will pilot new guidelines for the procurement of artificial intelligence (AI) in the public sector.
Visa has announced that its AI-based Visa Advanced Authorisation (VAA) has helped financial institutions prevent an estimated $25 billion in annual fraud.
Visa has partnered with Bahrain FinTech Bay to further support the development of the FinTech ecosystem in Bahrain.