Archive
Abu Dhabi Releases Regulatory and Governance Regime for Robo-Advisors
The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has issued its regulatory framework for Digital Investment Managers (also known as ‘robo-advisors’), operating in Abu Dhabi. Digital Investment Managers provide investment management services using algorithm-based tools and
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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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Crypto Asset Exchange Matrix Exchange Receives In-Principle Approval from FSRA of ADGM
Abu Dhabi-based crypto asset exchange, Matrix Exchange announced on July 12 that it has received an In-Principle Approval (IPA) from by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) to operate as a crypto asset
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DIFC Strengthens Leadership Team to Drive Vision for Future Growth
Dubai International Financial Centre (DIFC) Authority has strengthened its leadership team. The Centre has made a number of strategic appointments and promotions of UAE Nationals to spearhead key initiatives that support the DIFC’s vision to further enable financial technology in
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Abu Dhabi is Looking for Digital Bank Applications
Digitalisation has led to a rapid transformation of the banking industry. Recognising this and to further support innovation, the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) announce and welcome local and global applications to establish digital
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Dubai Department of Finance Gets a Bost in its Payment Digitisation Strategy
Emirates NBD, a leading bank in the region, has announced the successful implementation of a digitised payment solution for Dubai Department of Finance (DoF) to achieve full Host-to-Host (H2H) integration of all payment processes through the bank’s smartBUSINESS Connect solution.
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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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Payfort Partnership with Government of Ajman to Provide Payment Facilities via AjmanPay
PAYFORT, an Amazon company, today announced a partnership agreement with the Government of Ajman, aimed at enhancing and extending the payment options currently offered by the emirate’s unified smart payment gateway, AjmanPay. The partnership will pave the way for a
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