FinTech

Dubai launches DIFC Innovation Hub to spearhead the growth of FinTech sector

His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and President of the Dubai International Financial Centre (DIFC), today officially opened the DIFC Innovation Hub,...

SCA and MoE launch Fintech Megathon 2021 in the UAE

Under the patronage of H.E. Abdullah bin Touq Al Marri, Minister of Economy (MoE) and Chairman of the Board of the Securities and Commodities Authority (SCA), the Fintech Megathon 2021 was launched in...

CE-Ventures to invest AED 1 billion in startups by 2022

CE-Ventures, the corporate venture capital platform of UAE-based Crescent Enterprises, has announced that it is doubling its venture capital investments in start-ups to reach AED 1 billion (USD 272 mi...

Bahrain launches Bahrain Supernova Fintech Challenge

The Central Bank of Bahrain (CBB) announced the launch of a series of nation-wide fintech innovation challenges, the Bahrain Supernova. The challenges will be hosted on FinHub 973, CBB’s Digital Lab, ...

Emirates NBD partners with MoniMove to support entrepreneurs, startups and SMEs

UAE based leading regional banking group, Emirates NBD partnered with award winning fintech platform MoniMove to complement the bank’s E20. digital business bank initiative that aims to empower ...

FinTechs on the rise despite potential risks

ESET today revealed that almost two-thirds (62%) of consumers worldwide use some form of FinTech app or platform. However, only 17% strongly feel that the quality of information available on the poten...

Leading Irish RegTech startup expands into UAE

Irish RegTech startup, DX Compliance has formally launched its operations in the Middle East from its new base in Abu Dhabi, UAE to introduce its disruptive technology and solutions to the rapidly exp...

Solfeh attracts investment from ISSF and SMEs Fund

The Innovative Startups and SMEs Fund (ISSF) has announced a direct investment of USD 150,000 (over JOD 100,000) in a Jordan based micro-lending online platform, Solfeh that offers emergency cash adva...

FinTechs are becoming an appealing target for cybercriminals

Financial Technology, or FinTech, is a sector that is becoming increasingly important for businesses across the world as technologies become ever more widespread and accessible. There is a whole range...