The International Air Transport Association (IATA) has announced the successful completion of the first “IATA Pay” ticket purchase transaction in a live test environment.
Dubai, UK to foster collaboration between FinTech ecosystems
Dubai International Financial Centre (DIFC) has signed a Memorandum of Understanding (MoU) with Innovate Finance, an independent membership association that is at the heart of the UK’s FinTech ecosystem.
UAE Exchange, Ripple to begin blockchain payments next year
United Arab Emirates-based UAE Exchange and US startup Ripple plan to launch cross-border remittances to Asia via blockchain by the first quarter of 2019, UAE Exchange’s group CEO said in an interview with Reuters.
Digital currency to speed up UAE-Saudi Arabia cross-border transactions
The UAE and Saudi Arabia have started using fintech for cross-border settlements, including a digital currency which they jointly developed for that purpose.
Reimagining FinTech
Finastra Universe – the anchor event for the Middle East’s financial services brought together global and regional experts to explore …
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.
20 innovative tech solutions on spotlight at second FinTech Hive
FinTech Hive at DIFC has marked another milestone in its continued support for financial innovation with the completion of the 2018 edition of its accelerator programme, launched in collaboration with Accenture.
Kuwait throws hat into regional fintech ring
Kuwait’s central bank has issued regulatory guidelines for companies wishing to experiment with new financial technology products and services.
Abu Dhabi-based bank conducts world’s first blockchain sukuk transaction
Al Hilal Bank is the first Islamic bank in the world to leverage Blockchain technology for the resale and settlement of an Islamic Sukuk.
FinTech poised to reshape future financial markets: study
Investments in Gulf-based fintech startups are expected to reach $ 2 billion in the next decade, compared to a mere $ 150 million invested in the last 10 years, according to a new study by MENA Research Partners (MRP), a leading research company in the region.