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Investment Bank Granted Sandbox License to Operate Crowdfunding Platform in Saudi

The Capital Markets Authority of Saudi Arabia recently granted Falcom Financial Service Co a Financial Technology Experimental Permit — or better known as a sandbox license — to create an equity crowdfunding platform. Falcom is described as a full fledged investment

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What is Driving the Rise of Mobile Payments in UAE?

Mobile payments are on the rise in the United Arab Emirates (UAE) as the country’s young population is eager to embrace the latest technologies. Mastercard registered in record number of secure mobile transactions in 2018, which it credited to the

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“Aber” Project, The Common Digital Currency Between SAMA and UAECB

The Saudi Arabian Monetary Authority (SAMA) and the United Arab Emirates Central Bank (UAECB) clarified in a joint statement that one of the objectives of launching the common digital currency project ” Aber” is for use in financial settlements between the

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MEFTECH 2019 To Support Fintech Ecosystem Growth in Saudi Arabia

MEFTECH, the Banking & Financial Technology event in the MENA Region, returns to Riyadh from 24th to 25th February 2019 at the Four Seasons Riyadh for its second edition in the Kingdom. MEFTECH is initiated by mada, the national payment

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Standard Chartered Launches Second Wave of Digital-only Banks Across 4 African Markets

Standard Chartered today announced the start of the second phase of its digital-only retail bank across Africa. In response to growing consumer demand for innovative banking services on the continent, the Bank will launch its digital solution in four key

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After Banning Crypto Saudi Arabia Plans Central Bank Digital Currency

After banning the trading of cryptocurrencies, Saudi Arabia is now developing a blockchain-based digital currency in collaboration with the United Arab Emirates (UAE). The central banks of the two countries are planning to run a pilot of a shared digital

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His Excellency Wesam Lootah to Present Keynote at IDC Middle East CIO Summit 2019 in Dubai

International Data Corporation (IDC) is delighted to announce that His Excellency Wesam Lootah, CEO of Smart Dubai Government Establishment and founding member of IDC’s CIO Advisory Council for the Gulf region, will deliver an honorary keynote address at the upcoming

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Digital Transformation Spending in META to Reach $40 Billion by 2022

The Middle East, Turkey, and Africa (META) region will see annual spending on digital transformation (DX) initiatives cross the $20 billion mark by the end of this year, according to the latest insights from International Data Corporation. The global technology

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UAE Tops The Global Charts with an All-in-One Payment Feature for its Citizens

Between accelerators, the development of fully digital banks and government initiatives, the UAE is in the midst of an exciting time in fintech. The government, entrenched financial institutions and the humble innovators are all working in tandem with a vision of bringing

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Brett King’s Moven and Almoayed Partner to Transform Digital Banking Across MENA

With the goal of empowering banks in the MENA region to lead the world in digital banking services, Almoayed Technologies, the Kingdom’s first officially confirmed Open Banking AISP/PISP, announced a strategic partnership with Moven Enterprise, the turnkey smart-banking technology platform

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