Dubai
Report Details 11 Fintech Regulatory Sandboxes in MENA in 2022
The MENA Fintech Association’s (MFTA) Open Finance Working Group has published a new report on the rise of open banking and embedded finance in the Middle East and North Africa. The report found that regulators in the region have been
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Alpadis Group Secures DIFC License, Opens Second Office in Dubai
Swiss corporate services provider Alpadis Group has obtained a license to operate in the Dubai International Financial Centre (DIFC) and has opened its second office in Dubai. The group’s new office, based in the DIFC Gate Village, aims to serve
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Dubai’s Crypto Token Regime Comes Into Force
The Dubai Financial Services Authority’s (DFSA) Crypto Token regime comes into force with immediate effect. This regime forms the second phase of the DFSA’s work in this area following the introduction of a regime in the Dubai International Financial Centre
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DIFC Delegation Sees Exceptional Interest at The Singapore Fintech Festival
The Dubai International Financial Centre (DIFC) says that Dubai has continued to attract exceptional interest from financial technology firms, making fintech the centre’s fastest growing sector. The number of fintech and innovation firms joining DIFC in the first nine months
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Q9 Gets Provisional Approval to Establish a Regional Crypto Hub in Dubai
Crypto investment platform Q9 Capital announced that it has received provisional approval from Dubai’s Virtual Asset Regulatory Authority (VARA) to establish a regional hub in the UAE. Q9 is also in the process of applying for a full operating license
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Mastercard and BitOasis Partner to Enable Crypto Card Payments in the Middle East
UAE cryptocurrency platform BitOasis and Mastercard have launched a crypto card programme to facilitate day-to-day usage of cryptocurrencies at points of sale and across e-commerce platforms. The partnership enables BitOasis to issue virtual and physical cards that allow customers to
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DIFC and GEFI Partner to Prepare for UAE’s Hosting of COP28 in 2023
The Dubai International Financial Centre (DIFC) has entered a year-long partnership with the Global Ethical Finance Initiative (GEFI) ahead of next year’s United Nations climate change conference, better known as COP28. The partnership aims to drive commitment and action ahead
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Crunch Launches Its Personal Finance Management App in Dubai
Dubai-based personal finance management startup Crunch has launched its new mobile app with features to monitor budgets, view monthly spending, track expenses and set personal financial goals. The Crunch app syncs a user’s financial accounts including bank accounts, credit cards,
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Insurtech Wellx Partners With Google’s Fitbit to Gamify Health Insurance in the UAE
UAE’s wellness insurance platform Wellx has partnered with Google’s fitness wearable company Fitbit to incentivise insurees to stay healthy throughout the year. Wellx plans to connect their platform with Fitbit’s API and provide insurees with a complimentary Fitbit wearable to
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UAE Banks Risk Losing Customers if They Don’t Onboard Digitally
Banking customers across the Middle East are eager for easier and more convenient ways to bank, according to a recent survey by digital identity-proofing platform provider IDnow. The findings feature in IDnow’s ‘Digital Identity Proofing – onboarding opportunities in the
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