Posts From Fintechnews Middle East

Fintech Saudi Arabia Access Guide and Annual Ecosystem Report

Fintech Saudi, a financial sector development program initiative launched by the Saudi Arabian government in 2018, has released its latest Fintech Access Guide, a bi-annual booklet for local and foreign fintech entrepreneurs covering topics such as regulation and business strategies.

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Saudia Arabia Grants Fintech Experimental Permits to 3 Equity Crowdfunding Platforms

In reference to Fintech Experimental Instructions permits issued by the Capital Market Authority Saudia Arabia (CMA), Buthoor Solidarity, Afaq and Emkan Alarabiya will be able to experiment in equity crowdfunding which allows investors to participate in funding small and medium-size

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Bahrain and UAE Leads Middle East’s Fintech Scene, Study Finds

In the Middle East, Bahrain and the United Arab Emirates (UAE) have emerged as fintech leaders, thanks to the supportive ecosystems these have managed to develop for fintech development. At the same time, their leadership positions are not guaranteed going

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4 new Fintech Startups Selected for Abu Dhabi Regulatory Lab

Abu Dhabi Global Market welcomes four new FinTech start-ups in its fourth Regulatory Laboratory (RegLab) cohort. These four local and international firms, DAPI (United Arab Emirates), PointCheckout (United Arab Emirates), Jibrel Network (Switzerland) and Ekofolio (Luxemburg), were selected from a

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Saudi Arabia: Green Light To Test Robo-Advisory Service

Saudi Arabia’s capital markets watchdog has granted Haseed Investing Company and Wahed Capital a Fintech ExPermit, allowing the two companies to test their robo-advisory services, the Capital Market Authority (CMA) of Saudi Arabia informed. With the permit in hand, the

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Abu Dhabi Collaborates with a Chinese Fintech Giant

Abu Dhabi Global Market and OneConnect signed a Memorandum of Understanding to promote and develop FinTech innovation, ecosystems, and market opportunities that will support and connect the economies in both the Belt-and-Road corridor and the Middle East and North Africa

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Artificial Intelligence will Boost Middle East’s GDP

As technology evolves at an ever-increasing pace, decision-makers are coming to terms with the need to embrace change and transform the way they conduct business. In fact, 85% of the CEOs interviewed in PWCs most recent Global Annual CEO Survey

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Bank of ABC Becomes The First Bank in the Middle East to Employ Digital KYC Functionality

Jumio a nnounced a partnership with Bank ABC.  The partnership enables Bank ABC’s new mobile-only bank to compliantly onboard new individual customers using Jumio’s biometric-based identity verification solution. Based in Bahrain, Bank ABC currently serves customers on five continents, covering

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Robo-Advisors Ripe For Prime Time In The UAE

The digital financial advisory industry is destined for strong growth in the United Arab Emirates (UAE), and while business-to-consumer (B2C) solutions are rapidly gaining traction from the public, business-to-business (B2B) robo-advisor providers are emerging as key enablers for banks and

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ADGM Announces New Initiatives For Fintech Startups

In conjunction with the FinTech Abu Dhabi Festival 2019,  Abu Dhabi Global Markets (ADGM) announced that they will be launching their inaugural “FinTech 50” and the 3rd edition of their “Innovation Challenge” Up to 12 finalists from the Fintech 50

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