Tag "fintech regulation"

UAE Central Bank Issues Open Finance Regulation: DLA Piper

The Central Bank of the United Arab Emirates (CBUAE) issued on April 23 two new fintech regulations, introducing the Open Finance Regulation and the Sandbox Conditions Regulation, a new post published by global law firm DLA Piper says. These regulations

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MENA’s Banking Sector Driven by AI and Digital Transformation

The banking sector in the Middle East and North Africa (MENA) is anticipated to experience significant growth, a development which will be driven by rising demand for banking services, ongoing progress of digital transformation, and the expansion of digital banking,

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Qatari Banks Embrace Fintech, Digital Technology to Maintain Relevance

In Qatar, banking institutions are at the forefront of fintech innovation as they embrace new technologies, innovative payments methods and novel business models to keep up with changing customers’ preferences, a new report by global consultancy says. The 2023 Qatar

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Saudi Fintech Sector Doubles in Size

Saudi Arabia’s fintech sector is growing at a fast pace, doubling in size in the span of just a couple of months. As of the end of 2022, the country was home to 89 fintech companies, a number that soared

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Turkey Fintech Sector Poised for Growth Amid Conducive Regulatory Environment

2022 was a record-breaking year for the Turkish fintech industry, which recorded increased innovation, rising fintech investments and continued effort from the government to foster the development of the sector. Moving forward, more initiatives will be hitting the market, paving

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Qatar National Fintech Strategy Seeks to Triple Number of Licensed Fintechs by 2027

Launched on 7. March by the country’s central bank, the Qatar Fintech Strategy 2023 is looking to turn the nation into a technologically advanced state and a fintech powerhouse, with the broader ambition of boosting economic growth and making Qatar

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MENA Regulators to Increase Fintech Priority

The COVID-19 pandemic has increased the prioritization of fintech among regulators in the Middle East and North Africa (MENA) region. These have moved fintech up the regulatory agency and introduced a number of measures to harness the opportunities introduced by

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DIFC Launches New License for Tech Startups and Entrepreneurs

The Dubai International Financial Centre (DIFC), a special economic zone in Dubai and a financial hub for the Middle East, Africa and South Asia (MEASA) markets, has launched a new license for startups, entrepreneurs and technology companies. The Dubai Innovation

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A Glimpse into Fintech in Saudi Arabia

Experts are optimistic about the outlook for fintech development in Saudi Arabia, which they claim will be driven by the tech-savvy, young population, and favorable government initiatives and support. Islam Al Bayaa, head of advisory at KPMG Al Fozan &

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