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Saudi’s Oldest Bank Embraces Ripple’s Blockchain

Following Ripple’s recent pilot with the Saudi Arabian Monetary Authority, the National Commercial Bank (NCB) has joined RippleNet. NCB was the first bank established in the country; today, it’s one of the largest financial institutions in the Middle East with more than 5.4

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300 Participated in Fintech Abu Dhabi’s First Dedicated Bootcamp Day for Startups

Abu Dhabi Global Market (ADGM), the Financial Centre in Abu Dhabi hosted its first ever Bootcamp Day as part of annual Fintech Abu Dhabi 2018. The event was held under the patronage of His Highness Sheikh Hazza bin Zayed Al Nahyan, Vice

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First a Digital Bank, Now Mashreq Incorporates Artificial Intelligence

Mashreq Bank has begun implementing artificial intelligence, machine learning, and cognitive capabilities into its daily banking operations by buying into Virtusa Corporation’s Blue Prism Digital Workforce program. The UK-based software provides enterprise-level robotic process automation  that eliminates manual data entry

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Fintech Startups Get Opportunity to Work with ADCB in Sept’s Innovation Challenge

Abu Dhabi Commercial Bank (ADCB) has been appointed as the corporate champion of the upcoming Innovation Challenge 2018 that will be held in September. This means that the bank will be bringing their corporate know-how to the table to collaborate

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ADGM Launches New Commercial License For Tech Startups and Entrepreneurs

Abu Dhabi Global Market (ADGM), the international financial centre (IFC) of Abu Dhabi announces the launch of the new commercial license for ADGM Tech Start-ups for entrepreneurs. The start-up license is sector-agnostic and enables entrepreneurs to obtain an ADGM operational license,

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Fintech Hive Welcomes 22 Innovative Startups for its 2018 Accelerator Programme

FinTech Hive, the first and largest financial technology accelerator in the Middle East, Africa and South Asia (MEASA) region, announced the commencement of the 2018 edition of its accelerator programme, in partnership with Accenture. The second edition received an overwhelming

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Top 10 Most Well-Funded Fintech, Insurtech Startups in the Middle East

In the Middle East and North African (MENA) region, the fintech industry is rapidly growing with the number of fintech startups in the region more than doubling between 2013 and 2015. According to experts and industry observers, the staggering 86%

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Fintech Accelerators and Incubators in the Middle East

Across the Middle East, fintech is transforming the delivery of financial services. In recent years, many acceleration and incubation programs have emerged to nurture local fintech startups and develop a thriving ecosystem. Here are some of the Middle East’s most

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Robo-Advisor Sarwa Raises New Round of Funding

Sarwa, the first regulated automated investment advisory platform in the region, announced that it received over $1.3M in its pre-series A round of financing. The funds raised include investments from major international and regional venture capital firms. Shorooq Investments from

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Iran’s Central Bank: Cryptocurrency Ban May Be Lifted In September

A national draft project is aiming at introducing a state-backed digital currency. Iran’s Central Bank deputy for innovative technologies, Nasser Hakimi, advances the regulatory apparatus should be finalized within one month. Ban crypto or create crypto? A previous post already

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