Gulf Capital has reportedly acquired a strategic stake in Saudi Geidea, a provider of electronic payment solutions and financial technologies in the Kingdom of Saudi Arabia.
DIFC to expand FinTech Hive’s global presence with new partnership
Dubai International Financial Centre, DIFC has signed a Memorandum of Understanding with professional services company Accenture to foster innovation in the financial services industry globally.
Abu Dhabi proposes regulatory framework for crypto assets
The Abu Dhabi Global Market (ADGM)’s Financial Services Regulatory Authority (FSRA) has recently proposed a legislative framework to bring order to the crypto asset markets in the region, including new rules governing exchanges, custodians and other intermediaries.
“Delays the biggest flaw with loan system,” Fintech CEO says
With 12.8 percent of the UAE reported to be actively seeking loans and the demand of corporate loans marginally rising, …
Blockchain startups to attract $3 billion in investments
Blockchain adoption continues to grow across industries world-wide with total spending on blockchain solutions set to grow to $9.7 billion in 2021, according to IDC.
FinTech Hive programme now includes Islamic finance
FinTech Hive at DIFC has announced that its upcoming programme will expand its themes to include insurance, Islamic finance, and regulatory technology services.
GCC consumers eye switch to “digital only” banks: report
Nearly two-thirds of GCC banking customers would be prepared to move to a digital only bank, according to latest findings from EY.
Emerging tech for seamless transactions on focus in Dubai
The Middle East region is going through an exciting phase, with the UAE claiming 15th rank in the Euromonitor International’s Digital Consumer Index 2017 and highest among emerging markets, underlining the government’s commitment to transforming the society and the industries digitally and seamlessly for the future.
MENA FinTech market to attract $2 billion in deals
The current MENA fintech market is estimated at $2 billion and expected to witness an annual growth of $125 million until 2022, according to MENA Research Partners (MRP).
DIFC’s FinTech ecosystem strengthens regional position
The Dubai International Financial Centre, DIFC, has announced developments in its FinTech ecosystem that further strengthen its position as Middle …