Search Results for "DIFC"
Dubai Unveils Regulatory Framework for Investment Tokens
The Dubai Financial Services Authority (DFSA) launched its regulatory framework for investment tokens, according to a statement yesterday. The DFSA is a regulatory body housed in Dubai’s financial district, the Dubai International Financial Centre (DIFC). The framework is the first
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MEA Fintech Weekly News: Are Neobanks the Next Big Thing for Nigeria?
This week marked a new win for digital banks in Nigeria. Neobank Sparkle raised US$3.1 million in a seed round for expansion efforts (TechCrunch). Founded by former CEO of Diamond Bank Uzoma Dozie, Sparkle provides both individual and business banking
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9 Upcoming Fintech Events to Attend in Dubai and Abu Dhabi
The UAE is one of the top trending regions for fintech in the Middle East, aside from Bahrain and Saudi Arabia. Newer companies are emerging, and funding is making its way through. Fintech funding in H1 2021 represented the highest
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MEA Fintech Weekly News: Nigeria to Closely Scrutinise Fintech Startups
In last week’s MEA fintech news, the Central Bank of Nigeria (CBN) has once again hinted that it will be keeping a close watch on fintech startups in the country. At a recent seminar, Director of the Banking Supervision Department
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6 Hot Fintech Startups in Dubai and Abu Dhabi 2021
Financial districts of both emirates – the Abu Dhabi Global Market (ADGM) and the Dubai International Financial Centre (DIFC) – have been heavily active in promoting fintech within the country, and setting the stage for more fintech startups to emerge.
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Top Fintech Sandboxes in the Middle East for Your Fintech Startup Expansion
Fintech sandboxes are a popular way for regulatory authorities in the Middle East to play their part in supporting fintech innovation. Sandboxes are testing environments where entrepreneurs and innovators can experiment with their solution in a controlled space. This allows
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5 Trends Driving Open Banking in the Middle East 2021
Open banking in the Middle East has become one of the latest buzzwords to come out of the region’s accelerated fintech agenda. Many countries in the region already had a sturdy traditional banking ecosystem. Now, with a growing incentive to
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4 Payment and Security Trends in the UAE
In the United Arab Emirates (UAE), the COVID-19 pandemic has been a catalyst of change in the payment industry landscape, a new reality that’s here to stay, recent research shows. Over the past two years, the total value of digital
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Middle East Fintech Weekly Digest: Cashless Payments Surge in Bahrain
Last week in Middle East fintech news, the DIFC announced that it had reached its 2024 target of tripling in size three years ahead of schedule (Fintech News). The 10-year long ‘2024 Strategy,’ announced in 2014, was aimed at placing
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AMF’s Roadmap for Blockchain in the Middle East
The Arab Monetary Fund (AMF) has recently issued guidelines regarding distributed ledger technology (DLT) and blockchain in the Middle East for financial services. Under the “Strategies for Adopting DLT/Blockchain Technologies in Arab Countries” guide, the Arab Regional Fintech Working Group
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