Posts From Fintechnews Middle East

ADGM Launches e-KYC Utility Project With Consortium Of Key UAE Financial Institutions

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, announces the initiation and development of an electronic-Know-Your-Customer (e-KYC) utility in close collaboration with a key team of the UAE’s largest

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Crowdfunding And Peer-To-Peer Lending In The UAE

In the United Arab Emirates (UAE), peer-to-peer (P2P) lending has emerged as a way to support local small and medium-sized businesses (SMEs), many of which have been rejected by conventional banks. According to data from Khalifa Fund, approximately 50-70% of

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Fintech Innovation: Why The Middle East Will Be The Place To Be In 2018

The Middle East’s fintech ecosystem grew significantly in 2017 and further development is expected in the coming years fueled by government support and increasing demand for accessible, cheap, tech-enabled financial solutions. Fintech startups have raised over US$100 million in the

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Turkish Fintech Sector Sees Strong Growth

The Turkish fintech ecosystem has shown strong growth with the support of a solid banking industry, a thriving startup scene, and a growing young population. In particular, Istanbul, the most populous city in Turkey and the country’s economic, cultural and

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Fintech Flourishes in MENA: Report

The fintech sector in the Middle East and North Africa (MENA) region is flourishing driven by the large pool of financially underserved individuals and businesses, and a thriving e-commerce sector, according to a report by the Wamda Research Lab and

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Fintech UAE Startup Report and Map

The United Arab Emirates (UAE) is poised to become a fintech nexus in the Middle East, aided by government agencies and regulators working together to turn the country into a global fintech powerhouse, according to a new report. These are

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Sky Magic Presents Qatar’s First Live Drone Show

Singapore-based startup Sky Magic delivered a visual spectacle for Qatar’s 46th National Day Week celebrations at Katara Cultural Village in Qatar, in the form of a drone show featuring a 300-strong fleet. This was the first time a live drone show

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Bahrain Fintech Bay Announces Strategic Partnership With Bahrain Development Bank And Rowad

Bahrain FinTech Bay has announced a partnership with Bahrain Development Bank and its Rowad Program. Bahrain Development Bank will be a founding partner of BFB and will work closely with the BFB to deliver certain initiatives supporting Fintech entrepreneurship, through

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Central Bank of Bahrain Announces Partnership Endorsing Bahrain Fintech Bay

The Central Bank of Bahrain  has announced a partnership officially endorsing the launch of Bahrain FinTech Bay and its Fintech initiatives in the Kingdom of Bahrain. The announcement is the most recent in a series of steps affirming the CBB’s

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Monetary Authority of Singapore and Abu Dhabi Global Market Foster Closer Cooperation in Banking Supervision

The Monetary Authority of Singapore (MAS) and Abu Dhabi Global Market (ADGM) today signed a Memorandum of Understanding (MoU) to strengthen the supervision of cross-border operations of banking institutions. The signing ceremony was held on the sidelines of the annual

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