HSBC has reportedly performed the world’s first trade finance transaction using blockchain technology.
Despite tech advancements, M&A remains a human activity, says experts
The fundamentals of merger and acquisition (M&A) deals in the GCC region have not been significantly affected by artificial intelligence (AI) and still rely on human cognition, according to experts at the recent accountancy and finance body ICAEW’s Corporate Finance Faculty roundtable.
Blockchain-based e-commerce initiative launches in Qatar
Fintech company QPAY has launched a major blockchain e-commerce initiative based on the ‘Ethereum’ blockchain platform in Qatar.
Apple Pay credit cards are coming soon
Apple is reportedly working with financial giant Goldman Sachs on a credit card that would carry the iPhone maker’s digital wallet logo.
Saudi Arabia sees “largest fintech acquisition” to date
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.