August 2019 - Fintechnews Middle East

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Abu Dhabi

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

Saudi Arabia

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

Dubai

The First to Certify 5 FinTech Startups Under API Sandbox Program

Emirates NBD, a leading bank in the region, together with the DIFC FinTech Hive, a fintech accelerator in the Middle East, are the first in the region to certify FinTech startups who have successfully used the Emirates NBD’s API Sandbox

Bahrain

Bahrain Issues Final Rules on Insurance Aggregators

The Central Bank of Bahrain issued the final rules on “insurance aggregators”. Mr. Abdul Rahman Al Baker, Executive Director of Financial Institutions Supervision, said, “The introduction of insurance aggregator rules is a first step for the CBB towards “Insuretech”, a

Dubai

The Region’s First Blockchain Know Your Customer Data Sharing Consortium

Dubai International Financial Centre and Mashreq Bank are partnering with norbloc, a leading Know Your Customer (KYC) and client onboarding fintech regionally headquartered in Dubai, to launch the region’s first production-ready blockchain KYC data sharing consortium in Q1 2020 to