Posts From Fintechnews Middle East

UAE to Bolster Data Security With Its First National Crypto Library

Abu Dhabi’s Technology Innovation Institute (TII), the applied research pillar of the Advanced Technology Research Council (ATRC), announced that its Cryptography Research Centre (CRC) has built the UAE’s first national and sovereign crypto library. By leveraging a combination of custom

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Visa Study Forecasts Booming E-Commerce Sector Amidst Rising Digital Payments

The UAE e-commerce sector is expected to continue on an upward trajectory due to the digital payments boom during the COVID-19 pandemic, according to a joint study by Dubai Economy and Visa. The “United Arab Emirates (UAE) eCommerce Landscape 2020”

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First Abu Dhabi Bank Ties up With Visa to Launch Virtual Corporate Card

First Abu Dhabi Bank (FAB) has partnered with Visa to launch digital payment solutions, the Visa Central Travel Account and Virtual Corporate Cards, to cater to its corporate clients. The Central Travel Account solution was designed to make it easier

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Authentication Is Done. What About Identification?

Airome Technologies, a Singapore-based developer of cybersecurity solutions for digital banking and e-document management systems, has been working with authentication and transaction confirmation technologies for a while, creating advanced products in this field. However, with the pandemic situation the company

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Cloud Banking Platform Mambu Expands Its Reach With New Office in the UAE

Cloud banking platform Mambu announced that they have set up a new office in Abu Dhabi as the United Arab Emirates has quickly emerged as a key market for it. As a state-of-the-art hub, the UAE is consistently evolving and

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Amazon Payment Services Kicks off in MENA Region

Amazon has launched its Amazon Payment Services, previously known as PAYFORT, as a payment processing service in the Middle East and North Africa (MENA) region aiming to empower businesses with simple, affordable, and trusted online payment experiences. The newly launched

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UK Startup Ebury First to Receive Financial Services License Under DFSA

Dubai International Financial Centre (DIFC), announced that Ebury, a UK fintech startup offering cross-border financial services and risk management, has been granted a Financial Services license to carry out the regulated activity of providing Money Services from the center. Ebury,

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New Report Calls for Open Banking Harmonization Across the Arab World

Open banking is making inroads in the Arab world but visions and strategies between countries across the region vary dramatically. Defining a holistic vision for open banking in the region will allow Arab countries to fully reap the fruits of

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20+ Neobanks in the Middle East You Have to Know

Digital banking is heating up in the Middle East with now more than 20 neobanks across the region, according to new data from Dutch fintech consultancy group Fincog. Most of these neobanks were launched by incumbents as standalone digital banks

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University of Bahrain Turns Towards AWS for Its Cloud Migration

The University of Bahrain (UoB), the Kingdom’s largest public university with over 28,000 students, is going all-in on Amazon Web Services (AWS), provider of cloud computing services. The university is in the final phase of migrating its entire IT infrastructure

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