Posts From Company Announcement

6 Banks to Launch the First KYC Blockchain Consortium in UAE

Dubai Economy, along with Emirates NBD, Emirates Islamic, HSBC, RAKBANK, Abu Dhabi Commercial Bank (ADCB) and Commercial Bank of Dubai (CBD), has formed a consortium for sharing of verified KYC (Know Your Customer) data between banks and licensing authorities in

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Swiss Fintech Startup Instimatch Global Launches in Qatar

Instimatch Global, the money markets fintech network, has entered the Gulf market, partnering with a leading Qatari institution and a group of local partners to establish a joint venture. It has already secured a range of leading banks as new

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A New Funding Accelerator Programme for Fintech Startups in the MEASA Region

DIFC’s FinTech Hive revealed the launch of a new funding accelerator programme for FinTech start-ups in the MEASA region. FinTech Hive Scale Up programme benefits scaleups by helping them grow through strategic partnerships and receiving investment resources through the DIFC FinTech

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Gulf Bank Signs With Swiss Lending Startup for Digital Cash Deposits

Gulf Bank has signed up as a client of Instimatch Global, the international digital network for institutional money market lending. This marks Instimatch’s entry into the Kuwaiti market, with Gulf Bank joining over 80 leading institutions from across Europe and

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Abu Dhabi Investment Office Invests in new Batch of Innovation and Fintech Startups

The Abu Dhabi Investment Office (ADIO) announced AED 60 million of investment in the latest batch of startups and fund managers applying to its Ventures Fund. The recipients, Securrency, TruKKer, Sarwa, YACOB and Okadoc, are innovation-focused companies that are either

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Dubai Financial Centre Launches Seamless Digital Onboarding Platform

Dubai International Financial Centre (DIFC) announced the enhancement of its digital onboarding platform. In line with the DIFC’s continued emphasis on improving the ease of doing business, the new fully integrated digital platform offers a simplified onboarding process and enhanced

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Report Highlights Bahrain’s Progress Toward Becoming a Tech and Innovation Hub

Through careful planning and bold regulatory reforms, the Kingdom of Bahrain is poised to become a major hub for finance, technology, and innovation, according to a new report released by the Milken Institute. However, Bahrain needs to continue its efforts

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Dubai’s Future District Is Dedicated to the New Economy

Vice President, Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum announced during the second Dubai Council’s meeting, that a new district under the name of ‘Dubai Future District’ dedicated to the

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Saudi Arabia Drafts Regulation For The Provision Of Payment Services

The Saudi Arabian Monetary Authority “SAMA” announces the launch of a Draft Regulation governing the Provision of Payment Services in the Kingdom, inviting the public and those interested – in furtherance of the principle of transparency and participation – to

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A Review of Fintech Developments in Dubai and Abu Dhabi in 2019

The United Arab Emirates (UAE) is the largest fintech hub in the Middle East and North Africa (MENA), being home to more than 46% of all fintech companies in the region, and attracting most of fintech investments in 2019, according

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