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News from all over the worldBinance Receives Full Virtual Asset Service Provider Licence in Dubai
Binance FZE, the Dubai entity of Binance, today announced that it has received the Virtual Asset Service Provider (VASP) licence from Dubai’s Virtual Assets Regulatory Authority (VARA). This licence, subsequent to the previous issuance of the Minimum Viable Product (MVP)
Read MoreSnowdrop and PwC Middle East to Enhance Digital Experience for Banks
Snowdrop Solutions, a provider of advanced transaction enrichment solutions, has announced a collaboration with PwC Middle East to bring its innovative Transaction Enrichment API to banks and payment providers in the region. This collaboration marks a significant step forward for
Read More25 Startups From 11 Countries Join Hub71 Accelerator Program
Hub71, Abu Dhabi’s global tech ecosystem, has welcomed 25 new startups as part of its latest cohort. The selected startups will enter Hub71’s ‘Access’ program, and specialist ecosystems Hub71+ Digital Assets and Hub71+ ClimateTech, bringing the total number of startups
Read MoreUAE’s SME Fintech Fortis Secures $20M Series A
Fortis, a retail tech and fintech solutions provider tailored for SMEs, announced the successful completion of Series A funding round, raising $20 million in investment led by Opportunity Venture (Asia). With a decade of experience, Fortis empowers entrepreneurs to seamlessly
Read MoreCrypto.com’s Dubai Entity Receives Approval
Crypto.com announced that its Dubai entity, CRO DAX Middle East FZE, has received full operational approval from Dubai’s Virtual Assets Regulatory Authority (VARA) and is launching the Crypto.com Exchange for institutional investors as its first operational milestone. This operational approval
Read MoreFirst Abu Dhabi Bank Taps Microsoft Azure to Accelerate Digital Shift
The United Arab Emirates’ First Abu Dhabi Bank (FAB) has announced a strategic partnership with Core42, a subsidiary of G42 specialising in AI solutions, to facilitate the transfer of its data center operations to the Microsoft Azure cloud platform. This
Read MoreThe Top 10 Fintechs in Middle East in 2024
Forbes Middle East has unveiled its Fintech 50 ranking, recognizing the region’s leading players that are revolutionizing the fintech landscape in the underserved region, spanning digital payment companies, open banking platforms, investment, saving, and lending apps. The list was constructed
Read MoreUAE Central Bank Grants Telr In-Principle Approval for Retail Payment License
Dubai-based payment gateway provider Telr has secured in-principle approval from the Central Bank of the United Arab Emirates (CBUAE) for a Retail Payment Services & Card Schemes (RPSCS) license. This initial approval marks a major step for Telr, enhancing its capability
Read MoreOman Housing Bank Taps Temenos to Drive Digital Transformation
Oman Housing Bank (OHB), a primary financier of housing in Oman, has partnered with banking software company Temenos for upgrading its core banking systems to a cloud-based platform. This collaboration aims to expedite the development of new financial products and
Read MoreQIB Launches Himyan Prepaid Card, a National Initiative by Qatar Central Bank
Qatar Islamic Bank (QIB) introduced a new Prepaid Card “Himyan”, the first Qatari national prepaid card, to all existing customers, residents, and visitors of Qatar allowing secure payments within Qatar. The first Qatari national prepaid card is an initiative of
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