Archive
Kuwait Bank is Using Ripple for Immediate Cross-Border Transactions
National Bank of Kuwait (NBK) continues to offer the latest technological solutions in the sector of money transfers and has become the first financial institution in the country to launch the “NBK Direct Remit” for cross-border live payments which uses
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Egypt’s new national card meeza Accepted now on PayFort’s Payment Gateway
PayFort, an Amazon company, has announced that merchants using its online payment gateway will now be able to accept payments from Egypt’s new national card, ‘meeza’, following the announcement of the Central Bank of Egypt (CBE) for the national payment
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FundedByMe Granted Approval to Start Operating in Dubai
Following the strategic growth of FundedByMe, aiming at becoming the most global crowdfunding platform, the platform announced today the final steps to launch its operations in Dubai for the UAE and the MENA region. An in-principle license has been granted conditional
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4-fold Increase in Cryptomining Attacks in the META Region
The past year has been extremely eventful in terms of the digital threats faced by financial institutions: cybercrime groups have used new infiltration techniques, and the geography of attacks has become more extensive. According to the KSN statistics by Kaspersky
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Blockchain-as-a-Service Launch In The Middle East
VeChain, a public blockchain platform focusing on enterprise adoption and BIOS Middle East, an UAE’s Managed Cloud Provider have signed a MoU to co-market and implement a framework of blockchain-as-a-service and blockchain-enabled cloud services. VeChain’s wide range of blockchain solutions
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Bahrain Central Banks Draft Rules on Crypto-Asset Platform Operators
The Central Bank of Bahrain (CBB) has issued for consultation, the draft rules on Crypto-asset Platform Operators (CPO) which provides a regulatory framework for the licensing and supervision of crypto-asset services including those provided by a platform operator as a principal,
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First Bahrain Regulatory Sandbox Stage Alumni
The Central Bank of Bahrain (CBB) announced that Tarabut Gateway, a subsidiary of Almoayed Technologies is the first company to successfully complete the Regulatory Sandbox stage and to receive the CBB’s in-principle confirmation under the Open Banking regulatory framework. The
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Mobile Payments in the Middle East: News Roundup
The Middle East is witnessing a burgeoning mobile payment market with a number of players offering a multitude of diverse services. The United Arab Emirates (UAE) in particular has seen a boom in the number of available mobile payment services.
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The World’s First Fully Digital And State-Of-The-Art Courtroom
Abu Dhabi Global Market Courts presented their fully digital, bespoke courtroom at an exclusive launch event held in the ADGM Building on Al Maryah Island. The digital courtroom, first of its kind globally, is a testament to ADGM Courts’ commitment
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IFC Turns Their Focus to Dubai with its Fintech Conference
Dubai International Financial Centre (DIFC) hosted its 6th annual International Finance Corporation (IFC) FinTech CEO Summit. This is the first time IFC, a member of the World Bank Group, has held the event outside its Washington D.C. headquarters. The event gathered
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