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Fintech Fails to Emerge in Troubled Yemen

Yemen is an Arab sovereign state in Western Asia at the southern end of the Arabian Peninsula and the second-largest country (27 Million population) in the peninsula. It is also the poorest country in the Arab region, according to the

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National Bank of Egypt Upgrades Treasury and Risk Management Operations

Finastra announced that National Bank of Egypt (UK) Limited is deploying Fusion Treasury and Fusion Risk. The treasury and risk solutions will be tightly integrated with the bank’s existing Fusion Equation core banking system – helping the bank to deliver

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Temenos and AUC Venture Lab Team Up to Accelerate Fintech Innovation in Egypt

The Venture lab at The American University in Cairo, an university-based startup accelerator in Africa and the MENA region, and Temenos, the Swiss banking software company, have announced their intention to collaborate and strengthen the fintech ecosystem in Cairo. Temenos will

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DIFC Launches Scheme To Fast Track Fintech Startups

The Dubai International Financial Centre (DIFC) will establish a commercial licensing scheme for fintech firms based in the Middle East, Africa and South Asia (MEASA) it was announced recently. The scheme will provide short term, cost-effective licensing for fintech, regtech

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Fintech In MENA: All You Need To Know

The startup economy in the Middle East and North African (MENA) region continues to grow this year. In the first six months of 2018, it registered a record number of transactions with 141 investments, a 12% increase over the corresponding

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World’s First Court on the Blockchain in Dubai

The Dubai International Financial Centre (DIFC) Courts have partnered with Smart Dubai to create the world’s first Court of the Blockchain. Building on existing dispute resolution services, the alliance will initially explore how to aid verification of court judgments for cross-border enforcement. The partnership

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National Bank of Bahrain Announces Digital Transformation Strategy

NBB announced details of the Bank’s strategy for its digital transformation, which centres on better meeting the fast-evolving needs of customers and modernising every aspect of its banking experience through the strengthening of its digital capabilities. Comprised of several important components,

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Al Hilal Bank Partners with ADGM in a Push to Develop Digital Banking and Blockchain

Abu Dhabi-based Al Hilal Bank will partner with the international financial centre, Abu Dhabi Global Market (ADGM) to promote the growth and development of fintech and Islamic Finance across the UAE. Fintech solutions spanning mobile and e-banking, digital value-added services,

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10 Fintech Startups in Turkey to Watch Closely

Fintech is growing rapidly in Turkey. Investment in Turkish fintech companies grew 175% from US$4.6 million in 2012 to US$29 million in 2016, and the overall Turkish fintech industry, which counts more than 200 companies, according to the Fintech Ecosystem

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Crypto Asset Regulatory Framework for Abu Dhabi

Abu Dhabi Global Market (ADGM) las launched its framework to regulate spot crypto asset activities, including those undertaken by exchanges, custodians and other intermediaries in ADGM. This follows the successful completion of a public consultation on the introduction of a robust

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