Archive
Saudi Arabia Permits New Fintech Companies to Operate in Regulatory Sandbox
The Saudi Arabian Monetary Authority (SAMA) announced that it has Permitted 9 FinTech Companies as a new batch to operate in the Regulatory Sandbox. These companies have, therefore joined the list of companies permitted in the two previous cohorts, bringing
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Saudi Banks Need to Accelerate Digital Transformation Plans Amid COVID-19 Disruptions
Banks in Saudi Arabia have to revisit their digital transformation plans and strive to launch new channels that will sustain delivery of products and services amid the Covid-19 pandemic, according to the findings of a new report released KPMG Al
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Dubai Welcomes Regulatory Sandbox Applications for Its 2020 Summer Cohort
The Dubai Financial Services Authority (DFSA) invites applications from local and international companies to apply to join its 2020 Summer Cohort. Successful cohort applicants will be invited to apply to enter the DFSA’s version of the regulatory sandbox, known as
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SHUAA Capital Launches Covid Support Package for UAE Technology SME’s
SHUAA Capital, an asset management and investment banking platform in the region, announced it will provide free expert advisory services and interest-free loans through regulated partners to support UAE-based small and mid-sized technology enterprises (SMEs) that have been directly impacted
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OneConnect Appointed as Technology Partner to Support ADGM’s Digital Lab
OneConnect Financial Technology, a leading TaaS company for financial institutions in China, has been appointed by Abu Dhabi Global Market, to support the development of the ADGM Digital Lab. The ADGM Digital Lab is a digital platform where financial institutions
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The Financial Services Regulatory Authority of Adu Dhabi Launches 3 Regtech Initiatives
The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) announced that it has launched three RegTech pilot initiatives, with the objective of helping its regulated financial services firms achieve better compliance and risk management outcomes, while reducing
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ADGM Academy and Abu Dhabi School of Government Partner to Enhance Talent Development
Abu Dhabi Global Market Academy (ADGMA) signed an MoU with the Abu Dhabi School of Government (ADSG) to advance talent development in Abu Dhabi. The two will offer new specialised programmes within financial technology and artificial intelligence that adopt and impelement global
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Startupbootcamp Fintech Dubai Second Cohort Raises $2.8m
Startupbootcamp FinTech Dubai’s second cohort has completed its accelerator program featuring 10 start-ups from the UAE, Singapore, USA, India, Finland, Egypt, Uzbekistan, South Africa, Kazakhstan, and Lebanon – double the number of countries represented from the first cohort, reflecting its
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Israel’s First Fully Digital Bank Starts Soon
Tata Consultancy Services (TCS), a leading global IT services, consulting and business solutions organization, announced that Israel’s first fully digital bank, has partnered with TCS as the first customer of its Banking Service Bureau, powered by TCS BaNCS. TCS was
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Vodacom and Safaricom Completed M-Pesa Acquisition
Vodacom and Safaricom announce that they have completed the acquisition of the M-PESA brand, product development and support services from Vodafone through a newly-created joint venture. The transaction, which was first announced in 2019, will accelerate M-PESA’s growth in Africa
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