Posts From Fintechnews Middle East

Qatar Works To Become A Fintech Hub

Qatar is being prepped to become a leading fintech hub in the Middle East. The Qatar Financial Centre (QFC), a business and financial center located in Doha providing legal and business infrastructure for financial services, has been working with major

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Leading Fintech Experts to Gather in Riyadh For MEFTECH 2019

MEFTECH, the longest running Banking & Financial Technology event in the MENA region, has announced its lineup of industry expert speakers on Fintech from across the world ahead of the two-day conference at the Four Seasons, Riyadh from 24th –

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It’s Crypto-Winter, but Here’s Why One of Dubai’s Royalty Bets on This Crypto Fund

Sheikh Saeed Al Maktoum’s The Private Office has been on the hunt for a blockchain investment as part of the Emirates Blockchain Strategy 2021, and the company has finally landed on a recipient—Liechtenstein-based Invao, that will serve as an exclusive

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5 of The Best Funded Startups in The UAE Right Now

The pinpricks of a vibrant startup scene in the middle east have begun to emerge. Despite known problems on the SME loan front in UAE, the MENA region still managed to cultivate 366 deals amounting to US$893 million of total

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Abu Dhabi Invites Fintechs Aiming to Scale Globally to Apply for Their Sandbox

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, is rallying FinTech and innovative firms who are ready to test their innovative financial solutions, services or business models across more than one country or jurisdiction to apply

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Investment Bank Granted Sandbox License to Operate Crowdfunding Platform in Saudi

The Capital Markets Authority of Saudi Arabia recently granted Falcom Financial Service Co a Financial Technology Experimental Permit — or better known as a sandbox license — to create an equity crowdfunding platform. Falcom is described as a full fledged investment

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What is Driving the Rise of Mobile Payments in UAE?

Mobile payments are on the rise in the United Arab Emirates (UAE) as the country’s young population is eager to embrace the latest technologies. Mastercard registered in record number of secure mobile transactions in 2018, which it credited to the

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Standard Chartered Launches Second Wave of Digital-only Banks Across 4 African Markets

Standard Chartered today announced the start of the second phase of its digital-only retail bank across Africa. In response to growing consumer demand for innovative banking services on the continent, the Bank will launch its digital solution in four key

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After Banning Crypto Saudi Arabia Plans Central Bank Digital Currency

After banning the trading of cryptocurrencies, Saudi Arabia is now developing a blockchain-based digital currency in collaboration with the United Arab Emirates (UAE). The central banks of the two countries are planning to run a pilot of a shared digital

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UAE Tops The Global Charts with an All-in-One Payment Feature for its Citizens

Between accelerators, the development of fully digital banks and government initiatives, the UAE is in the midst of an exciting time in fintech. The government, entrenched financial institutions and the humble innovators are all working in tandem with a vision of bringing

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