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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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4 Upcoming Fintech Initatives By The Central Bank of Kuwait

During a speech by H.E. Dr. Mohammad Y. Al-Hashel, Governor of the Central Bank of Kuwait at the Global Informatics Forum, His Excellency outlined a list of fintech initiatives by the bank to “revamp and upgrade the IT infrastructure” of existing

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Saudi’s Capital Market Authority FinTech ExPermit Batch Applications Are Closing Soon

In a bid to promote fintech innovation in the capital market, the Capital Market Authority (CMA) is accepting applications for the second batch for the Financial Technology Experimental Permit (FinTech ExPermit) that is closing soon—on the 15th of December 2018. The FinTech

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1st Industry e-KYC Utility Project With UAE Financial Institutions Concluded

Abu Dhabi Global Markets announces the successful conclusion of the first phase of the industry electronic-Know-Your-Customer (e-KYC) utility project. The Financial Services Regulatory Authority (FSRA) of ADGM, in collaboration with its project advisor, KPMG, have published a high-level summary of

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UAE Government to Strengthen Global Position in AI, Blockchain Technologies

The Second UAE Government Annual Meetings, held in Abu Dhabi, witnessed the launch of two national initiatives aimed at reinforcing the artificial intelligence, AI, and Blockchain sector to strengthen the UAE leading position globally. During the meeting held by the

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Qatar Financial Centre Partnering Up with B-Hive to Develop Fintech Industry in Qatar

The Qatar Financial Centre (QFC) has partnered with B-Hive to develop FinTech Industry in Qatar. A memorandum of understanding (MoU) was signed by Yousuf Mohamed Al-Jaida, Chief Executive Officer, QFC and Wim De Waele, CEO and Managing Partner, B-Hive. The ceremony

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20 Innovative Fintech Solution Pilots Emerge from Middle East Accelerator Programme

FinTech Hive at DIFC, the first and largest financial technology accelerator in the Middle East, Africa and South Asia (MEASA) region, marked another milestone in its continued support for financial innovation with the completion of the 2018 edition of its

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