Posts From Fintechnews Middle East

Abu Dhabi Reviews Crypto Asset Regulation to Include Stablecoins

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) announced that it has enhanced its “Guidance for the Regulation of Crypto Asset Activities”. This is the second edition to the initial guidance published in June 2018. The

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Visa Partners with Bahrain Fintech Bay to further Develop Bahrain’s Fintech Ecosystem

Visa has partnered with Bahrain FinTech Bay to further support the development of the FinTech ecosystem in Bahrain. Bahrain FinTech Bay was established a year ago and it claims to have around 100 partners . The partnership will focus on

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Upcoming Fintech and Digital Finance Events in MENA

Fintech is booming in the Middle East and North Africa (MENA) as regulators and government agencies in countries including the United Arab Emirates (UAE), Bahrain and Saudi Arabia are pushing for innovation in the financial services industry to improve financial

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This Regtech Now Taps Directly into Bahrain’s National ID Data to Offer Quicker eKYC

Fenergo, a recognised Dublin-based provider of digital Client Lifecycle Management (CLM) solutions for financial institutions, today announces that it’s working with Bahrain’s Electronic Network for Financial Transactions (BENEFIT) in designing and implementing a national Know Your Customer (KYC) utility incorporating

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How is Lebanon’s Fintech Scene Doing?

Lebanon’s fintech industry has been growing rapidly in the past years, fueled by a supportive ecosystem, a wide range of public and private initiatives aimed at developing the sector, and a tech-savvy population. Lebanon is the Middle East and North

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Examining Jordan’s Emerging Fintech Scene

Fintech in the Middle East and North African (MENA) region is booming with the number of startups in the field more than doubling between 2013 and 2015 from 46 to 105 ventures. Growth is expected to accelerate over the next

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Dissecting Fintech Opportunities in Middle East and Africa

Dubai’s special economic zone, the Dubai International Financial Centre (DIFC), has released a new report that explores the opportunities related to fintech in the Middle East and African (MEA) region. The report provides recommendations and guidance for fintech firms looking

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A Glimpse into North African Countries Leading the Way in Fintech

African countries are home to some of the world’s most unbanked populations. In these nations, fintech and digital banking are redefining what it means bank the unbanked. Being the second largest continent in the world, it goes without saying that

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Mubadala Puts US$1 Bil into Abu Dhabi’s Financial Center to Court Top Guns into MENA

Abu Dhabi Global Market (ADGM) announced a Mubadala Investment Company-backed fund geared towards growing the financial ecosystem in Abu Dhabi. The new fund, called the Abu Dhabi Catalyst Partners, will be based in ADGM, the financial center of Abu Dhabi.

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Fintech Startups in Egypt Stand to Gain a Cut from US$200 Mil Fund by the World Bank

The World Bank has set aside US$200 million for Egyptian SMEs hoping to create job opportunities for the kingdom’s youth. The project, called ‘Catalyzing Entrepreneurship for Job Creation’, will funnel about US$145 million to grant loans for small businesses—especially those

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