Posts From Fintechnews Middle East
25 Upcoming Fintech Events in Middle East Q4 2023/ Q1 2024
Fintech is growing rapidly in the Middle East, driven by a dynamic fundraising landscape, favorable demographic factors and supportive governments betting on technology and digital platforms to improve financial access. An estimated 3,000 fintech solutions are currently operating across the Middle
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Salt Edge Partners with SeaPay to Offer Open Banking Solutions in Saudi Arabia
In a significant move towards advancing digital technology and open banking in the Kingdom of Saudi Arabia, SeaPay, a leading Omni-Channel Payment Solutions provider, has announced a strategic partnership with Salt Edge, a renowned financial technology company. This collaboration aims
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The Significance of Forex News in Currency Trading: A Comprehensive Guide
Several market and economic indicators help investors understand the state of the economy and affect how the financial markets behave. These include unemployment, retail income, GDP growth, inflation, and interest rates. Any news related to these macroeconomic factors can impact
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Dubai Islamic Bank Enters Turkish Digital Banking via Equity Investment in T.O.M. Group
Dubai Islamic Bank (DIB) will become a shareholder in T.O.M. Group of Companies, which was established by Aydın Group shareholders. DIB, one of the largest banking groups in the United Arab Emirates, will become a significant minority shareholder in T.O.M.
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Report: 67% of UAE Crypto Transactions Driven by Institutional Investment
Chainalysis, the blockchain data platform, unveiled the Middle East and North Africa (MENA) findings of its 4th annual Geography of Cryptocurrency Report, providing comprehensive insight into the actual state of crypto markets and cryptocurrency utilisation across the world. This report
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Nomura’s Digital Asset Subsidary Receives In-Principal Approval From Abu Dhabi Global Market
Laser Digital, Nomura’s digital asset subsidiary, announces that it has been granted In-Principal Approval (IPA) by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), with formal regulatory licensing subject to the fulfilment of a number of
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Digital Banking Grows 52% in the Middle East
In the Middle East, traditional lenders and fintech startups are racing to launch digital banking offerings, viewing the market’s rapid adoption of mobile technology, economic growth and relatively low adoption of neobanking as a massive opportunity up for grab. About
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Bahrain’s Bank ABC Goes Live With Instant Blockchain Payments for Institutions
Bank ABC becomes the first Middle East bank to introduce faster cross-border payments to specific corridors for corporates and financial institutions utilizing J.P. Morgan’s Coin Systems. Coin Systems is a blockchain-based permissioned system that serves as a payment rail and
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Spire Technologies Obtains Open Banking License from Central Bank of Bahrain
Spire Technologies has obtained Account Information Service Provider (AISP) and Payment Initiation Service Provider (PISP) licenses from the Central Bank of Bahrain (CBB), authorising it to operate as a fully regulated open banking ancillary service provider in the Kingdom. This
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Abu Dhabi Grants Crypto Custody License to Changer.ae
Changer.ae Ltd, a crypto custodian service dedicated to safeguarding and managing digital assets, received the Financial Services Permission (FSP) license by the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM). With the FSP, Changer has become
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