Abu Dhabi

UAE Central Bank Launches its Fintech Office

The Central Bank of the UAE (CBUAE) announced the opening of its fintech office during the FinTech Abu Dhabi 2020, that the former co-hosted with the Abu Dhabi Global Market (ADGM). The new office aims to develop a mature fintech

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AI-Powered Robo Asset Manager FinaMaze Launches in the UAE

FinaMaze, based in Abu Dhabi, announced the launch of its AI-powered robo asset manager for the Middle East and North Africa (MENA) region during the Fintech Abu Dhabi 2020 forum. FinaMaze offers tailor-made solutions to navigate the financial investment maze

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ADGM Forms Ties With Israel Securities Authority for Fintech Agreement

The Abu Dhabi Global Market Financial Services Regulatory Authority (ADGM FSRA) and the Israel Securities Authority (ISA) have entered into a fintech cooperation agreement. The agreement provides a framework for information sharing as well as facilitating the movement of startups,

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Neobanks Make Inroads in the UAE

Though still a nascent industry in the United Arab Emirates (UAE), neobanking is steadily making inroads into the country. Last month, news broke that Abu Dhabi state-owned holding company ADQ will be setting up a digital bank in the United

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First Abu Dhabi Bank Enables Fully Digitised Account Opening for SMEs

First Abu Dhabi Bank (FAB), has fully digitised its account opening processes for SMEs in the United Arab Emirates region through its BASHER portal. The Government of the United Arab Emirates represented by The Department of Proactive Services – Ministry

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Open Banking Platform Tarabut Launches in Abu Dhabi and Dubai

Bahrain-based Tarabut Gateway has expanded to the United Arab Emirates with the launch of its open banking platform in the country. The company has simultaneously opened two new offices at Abu Dhabi’s global tech ecosystem, Hub71 and Dubai’s DIFC FinTech

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Commercial Bank of Dubai Partners with NOW Money to Target Low-Income Customers

Commercial Bank of Dubai (CBD) has signed an agreement with NOW Money, a digital account service, to provide accounts and cards targeted specifically at low-income customers. NOW Money will open accounts for existing CBD low-income customers (previously known as Rateb

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BIOS Middle East Taps VMware for UAE and Saudi Customers

BIOS Middle East, provider of cloud and managed IT services for enterprises, announced that it will offer VMware’s SD-WAN to customers in the UAE and Saudi Arabia. BIOS said it would be the first cloud provider to launch VMware SD-WAN

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HPD LendScape, Emirates Development Bank Unveil National Supply Chain Finance Platform

HPD LendScape, a lending platform vendor, has partnered with Emirates Development Bank (EDB) to launch UAE’s National Supply Chain Finance (SCF) platform. This gives UAE businesses improved access to working capital, particularly as they cope with the added pressures of

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Abu Dhabi Global Market Appoints New CEO

Abu Dhabi Global Market (ADGM) announced that Emmanuel Givanakis, will take on the new position as Chief Executive Officer of ADGM’s Financial Services Regulatory Authority (FSRA) in April 2021. Mr. Givanakis, said to be a key driver in the establishment

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