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News from all over the world

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

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Abu Dhabi Collaborates with a Chinese Fintech Giant

Abu Dhabi Global Market and OneConnect signed a Memorandum of Understanding to promote and develop FinTech innovation, ecosystems, and market opportunities that will support and connect the economies in both the Belt-and-Road corridor and the Middle East and North Africa

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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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