FinTech

  • Abu Dhabi adds PayBy app for contactless payment for government services

    As part of the continued efforts to provide seamless and secure payment methods and tools to pay government services fees in the Emirate, the Abu Dhabi government services ecosystem, TAMM has added PayBy to facilitate contactless payment through its strategic partner First Abu Dhabi Bank (FAB).

  • DIFC partners with TiE Mumbai for new FinTech offering

    Dubai International Financial Centre (DIFC), the leading financial hub in the Middle East, Africa and South Asia (MEASA), has partnered with The Indus Entrepreneurs (TiE), the world’s largest non-profit entrepreneurial organisation, to help Indian FinTechs scale their businesses across the region. Throughout a two-day programme, DIFC met with 17 FinTech startups from Mumbai to understand their business models and provide tailored solutions to support their growth in fast-growing emerging markets. 

  • DIFC registers over 100 global FinTech firms

    Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, marks a significant milestone today having registered more than 100 FinTech firms in the Centre.

  • DIFC’s FinTech Hive unveils ‘Scale Up Program’

    DIFC’s FinTech Hive revealed the launch of a new funding accelerator program for FinTech start-ups in the MEASA region.

  • Dubai bank launches robo-advisory investment app

    Commercial Bank of Dubai has become the first banks in the region to use robo-advisory investment solution by launching the “CBD Investr app.” Developed in partnership with InvestSuite, a leading wealthtech company based in Belgium, this innovative investment app is powered by smart algorithms that actively manage investment portfolios to deliver optimal risk-adjusted performance.

  • Dubai can become thriving FinTech hub like London, Singapore and New York

    Dubai has expressed its aspirations to become the next FinTech hub. The city has enjoyed decades of rapid growth - and has developed its infrastructure to become a key business center which has now firmly switched its focus towards the FinTech sector.

  • Entrust Datacard acquires nCipher Security from Thales

    Acquisition extends the Entrust Datacard portfolio to include general purpose hardware security module offering that provides enhanced cloud, data security, compliance and payments capabilities.

  • HSBC UK launches green finance range for SMEs

    HSBC UK Commercial Bank has announced its latest offering of a variety of ‘green’ finance services to help support businesses looking to meet their environmental and sustainability goals.

  • Huawei enables “AI+Data” for Smart Finance

    Huawei held their Global FSI Summit 2019 with its partners I Shanghai, China on Thursday where industry key players discussed the latest developments in FinTech.

  • Saudi Central Bank supports the fintech sector further with new licenses

    The Saudi Central Bank (SAMA) announced the licensing of International Digital Solutions Company to provide electronic wallet service (electronic transfer and payment service) and Azm Fintech Company to provide payment services through (SADAD Bill Aggregation Services).

  • Startups gather in Dubai to participate in FinTech Hive Accelerator program

    In line with the continuous growth and development of the Dubai International Financial Centre’s financial innovation ecosystem, the DIFC FinTech Hive, announced today the commencement of the 2019 edition of its accelerator programme.

  • UAE adopts new regulatory framework for fintech companies

    With the aim of regulating the use of fintech technology, the UAE's Minister of Economy has announced a regulatory framework for fintech companies adopting experimental licenses to conduct their operations. Similar frameworks were introduced by Dubai International Financial Centre and Abu Dhabi Global Market over the last year.

  • UAE bank uses Moscow fintechs’ Digital ID solutions for mobile app

    The solution for user verification, developed in collaboration with Moscow fintechs VisionLabs and Smart Engines, is integrated into the mobile application of Emirates NBD, one of the largest banks in the UAE. 

  • UAE consumers increasingly trust digital payments over cash, according to survey

    The Department of Economic Development (DED) in Dubai, and the world’s leader in digital payments, Visa (NYSE: V), today launched ‘Stay Secure,’ a consumer education campaign that aims to promote safe digital payment (card and mobile) practices among UAE consumers.