Saturday , 20 October 2018

Tag Archives: fintech

Lack of regulation may have hindered fintech development – MEVP CEO

The amount invested in fintech firms around the world in the first half of 2018 has surpassed the figure for the whole of 2017 Investments in financial technology (fintech) companies in the Middle East and North Africa (MENA) have been lower than in other parts of the world due to the lack of a regulatory framework, meaning that few firms …

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DIFC collaborates with France’s Finance Innovation to promote fintech growth

The collaboration will support the development of the fintech ecosystem in both markets Dubai International Financial Centre (DIFC) has signed a Memorandum of Understanding (MoU) with Finance Innovation, France’s official innovation cluster for the financial industry, based in Paris. The collaboration will support the development of the fintech ecosystem in both markets and facilitate knowledge sharing and collaboration between their …

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MEA blockchain market likely to top $80mln in 2018

Future Blockchain Summit aims to demystify blockchain and unlock multi-billion dollar opportunities for the global blockchain industry Spending on blockchain solutions in the MEA region is set to grow from $38.9 million spent in 2017 to $80.8 million by the close of 2018, said the organisers of the inaugural Future Blockchain Summit opening in Dubai, UAE today (May 2). Spending …

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Bahrain is about to collaborate with a country to support the FinTech sector, find out who it is

According to the Bahrain Economic Development Board (EDB) Financial Services Executive Director, David Parker, Bahrain is planning on collaborating with Malaysia’s financial sector since both markets are in similar development phases when it comes to the FinTech sector. “We can work on our strengths because Malaysia and Bahrain both have relatively newly implemented policies when it comes to fintech. I …

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UAE leads MENA in digitisation: Report

Digitisation continues to take the global economies by storm The UAE is now leading the MENA region with an impressive 16.4 percent in digital penetration, according to a detailed report by Al Masah Capital Limited titled, “Digital Banking – ME Trends”. “Digitisation continues to take the global economies by storm. As a revolution whose uptake in the Middle East and …

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UAE Ministry of Finance counts down to Finovate Middle East

More than 400 leaders in the fintech industry will gather in Dubai this month. DUBAI- More than 400 leaders in the fintech industry will gather in Dubai this month to showcase innovation in their sector, highlighting the future of fintech for the global and regional markets. Held in partnership with the UAE Ministry of Finance, MoF, and showcasing the latest …

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ADGM, Yes Bank collaborate to further advance FinTech opportunities

ABU DHABI- Abu Dhabi Global Market, ADGM, the International Financial Centre in Abu Dhabi, and YES BANK have signed an Memorandum of Understanding, MoU, to further foster cross-border exchange between the FinTech (Financial technology) ecosystems of the UAE and India. The collaboration will enable fintech innovators from the Middle East region and India to apply into YES FinTech programmes and …

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First 11 firms enrolled into DIFC’s fintech accelerator

Dubai International Financial Centre (DIFC) has announced that 11 firms have been chosen to take part in its accelerator programme for new financial technologies, known as FinTech Hive. The programme, which is being launched in partnership with management consultancy Accenture, is a 12-week course that will see the selected firms working closely with financial institutions and other stakeholders to help develop …

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Abu Dhabi Global Market, UAE Exchange join forces to enhance FinTech ecosystem

Abu Dhabi Global Market, ADGM, and UAE Exchange have entered into partnership, to support, develop and promote the FinTech ecosystem in Abu Dhabi and the UAE. An MoU was signed by Promoth Manghat, Chief Executive Officer of UAE Exchange Group, and Richard Teng, Chief Executive Officer of the Financial Services Regulatory Authority, FSRA, of ADGM. The partnership will see UAE …

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Bahrain launches new rules for fintech firms

Bahrain’s central bank has issued new rules to create a regulatory unit that will allow financial technology firms to test and experiment banking ideas in a controlled environment. Other global regulators from Hong Kong to Brazil have established similar regulatory incubators to allow fintech firms to experiment with new business models and products without falling foul of financial rules. Bahrain’s …

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