Emirates NBD has become the first to successfully go-live at scale with ‘Cheque Chain’, integrating blockchain technology to reduce cheque fraud.
Education, Government
Preparing young Emiratis in AI is vital for UAE’s future, says minister
Omar Sultan Al Olama, UAE’s Minister of State for Artificial Intelligence, member of the Board of Trustees of Dubai Future Foundation and deputy managing Director, has revealed a new initiative that aims to equip the next generation of Emiratis with leadership skills.0 3591
GCC consumers eye switch to “digital only” banks: report
Nearly two-thirds of GCC banking customers would be prepared to move to a digital only bank, according to latest findings from EY.
MENA FinTech market to attract $2 billion in deals
The current MENA fintech market is estimated at $2 billion and expected to witness an annual growth of $125 million until 2022, according to MENA Research Partners (MRP).
G20 to hold fire on crypto regulations
Financial policymakers from the world’s top 20 economies agreed to keep a watchful eye on cryptocurrencies on Tuesday and opened the door to regulating the booming industry at a later stage.
Shariah-compliant investment note for cybersecurity firms launches in UAE
Abu Dhabi Islamic Bank (ADIB) has recently announced a 100 percent capital-protected, Sharia’a-compliant equities basket note which captures the growth potential of companies operating in the cybersecurity sector.
Oman moves one step closer to a cashless society
Oman is expanding its initiatives focused on financial technologies with the upcoming launch of the Sultanate’s first comprehensive e-payment platform.
Consortium created to protect fintech innovations
A consortium focused on improving cybersecurity of fintech companies has been created by the World Economic Forum.
Bahrain’s new fintech hub opens for business
Bahrain has officially launched its new fintech hub as it aims to become the Gulf region’s centre for financial technology.
SEC cracks down on cryptocurrencies
The Securities and Exchange Commission (SEC) is cracking down on FinTech companies issuing initial coin offerings (ICOs), and has served …
Snap up $1 from its IPO price
Snap Inc has celebrated its first anniversary as a publicly traded company on Friday, however, things are not quite what they envisioned when they bought shares in the hottest tech IPO in years.