Tag "Dubai International Financial Centre (DIFC)"
Swiss Digital Asset Company Taurus Expands to Dubai
Taurus, a Swiss fintech company regulated by FINMA in Switzerland, has recently announced its expansion into the Middle East with a new office located in Dubai. The company, known for providing institutional-grade digital asset infrastructure, has chosen Dubai for its
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TWIG Raises Pre-seed Round, Secures DFSA License
TWIG Solutions (TWIG), a financial technology startup based out of Dubai International Financial Centre (DIFC), has received an Innovation Testing License (ITL) from the Dubai Financial Services Authority (DFSA). The ITL enables TWIG to test and develop their products and
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Standard Chartered to Launch Digital Asset Custody Services in the UAE
Standard Chartered signed a memorandum of understanding (MoU) with Dubai International Financial Centre (DIFC) to collaborate on digital assets, including digital asset custody. Subject to regulatory approval, Standard Chartered plans to launch digital asset custody services, starting in DIFC and
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Dubai Emerges as the Next Global Hedge Fund Hub
A report titled ‘Dubai: The next global hedge fund centre – opportunities and outlook’ – released by Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa, and South Asia (MEASA) region, in collaboration with
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Fintechs and Banks Unite for Innovation at DIFC’s Dubai Fintech Summit Dialogues
Dubai International Financial Centre (DIFC) hosted recently the second Dubai FinTech Summit (DFS) Dialogues powered by the Innovation Hub. Heads of 10 leading regional banks and FinTechs were invited to unpack the challenges facing the financial sector and deliberate on
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Remitly Expands Into the Middle East With Dubai Launch
Remitly Global announced it has expanded into the Middle East with the launch of its outbound remittance product in the UAE. Remitly has also opened an office in the Dubai International Financial Center (DIFC), its first in the country. The
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CFS DIFC Gets DFSA License to Offer Insurance Advisory Services
Insurance broker CFS DIFC has secured a license from the Dubai Financial Services Authority (DFSA) to advise on financial products and investments related to long term insurance contracts. The DFSA license also sees the company joining the Dubai International Financial
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CoverGo Expands to the Middle East With Noria Capital’s Investment
Insurtech CoverGo announced that it is expanding to the Middle East in partnership with insurtech fund Noria Capital following its US$15 million Series A fundraise earlier this year. The company’s Series A, which closed in May 2022, was led by
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Baraka Raises US$20M Series A Led by Peter Thiel’s Valar Ventures
Dubai-based trading app baraka has closed a US$20 million Series A round led by Peter Thiel’s Valar Ventures, with participation from investment advisory firm Knollwood. The company says that the funding will be used for regional licensing and expansion, as
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Report Details 11 Fintech Regulatory Sandboxes in MENA in 2022
The MENA Fintech Association’s (MFTA) Open Finance Working Group has published a new report on the rise of open banking and embedded finance in the Middle East and North Africa. The report found that regulators in the region have been
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