What you need to know about fintech in the MENA region
Business Company formation & Licensing DIFC FinTech FinTech International Investing UAE

Four things you need to know about the Fintech Industry in the Middle East

Fintech started in the Gulf region wholly in 2017, when regulators began implementing policies to encourage the growth of the sector, and ut has been growing rapidly and sustainable despite the slower uptake of financial technology compared to others in the world. In 2019, the Middle East and North Africa (Mena) ecosystem received $517 million […]

Highlights of the MENA startup scene this November
Business Company formation & Licensing Company Formation in Dubai FinTech Investing UAE

Here are the highlights of the MENA startup ecosystem for November 2019

As we get closer to the end of the year, let us take a look back on the changes and trends that have taken place in the startup ecosystem in the Middle East and North Africa. In MAGNiTT’s November 2019 Dashboard, it was highlighted that more than 30 deals took place in November 2019, an […]

UAE blockchain adoption
Business Dubai FinTech Investing Technology

How the UAE achieve impressive success in blockchain-based transformation

The UAE is at the forefront of the blockchain space. Dubai launches several strategies and initiatives which nurture a robust blockchain tech innovation ecosystem for blockchain startups from around the world. Recently, the Dubai Future Council for Blockchain launched the Dubai Blockchain Policy at the ninth Smart City Expo World Congress in Barcelona. It complements […]

ENBD launches the first digital business bank in the UAE
Business Dubai FinTech Technology UAE

Emirates NBD launches E20 – UAE’s first digital business bank for entrepreneurs and SMEs

Emirates NBD announced the launch of E20, the UAE’s first digital business bank customers that will enable customers to open a bank account, carry out transfers and payments on smartphones. E20 targets entrepreneurs and small and meduim-sized Enterprises, SMEs, and businesses. The bank will allow start-ups, sole proprietors, freelancers, gig economy workers, fintechs and insurtechs […]

Abu Dhabi FinTech Technology UAE

ADGM launches a new framework for Digital Investment Management (Robo-Advisors)

The ADGM recently announced its detailed guidance on Digital Investment Managers, or Robo Advisory solutions. An important update is that in some cases, the FSRA will consider reduced base capital requirement of US$ 10,000 for Robo-Advisor firms that engage in Managing Assets. Watch this video to know more: Source Read this detailed article to for […]

UAE Financial system
FinTech UAE

Is the UAE ready for its first FATF mutual evaluation process?

The Financial Action Task Force’s mutual evaluation process for theUAE’s financial system is scheduled for this month. FATF staff are to assess the strength of the country’s anti-money laundering (AML) and combating the financing of terrorism (CFT) laws and their effectiveness in practice. UAE financial institutions have a lot of reasons to be on their […]

3RD Abu Dhabu Innovation Challenge
Abu Dhabi FinTech

ADGM launches 3rd Abu Dhabi Innovation Initiative to challenge Fintech talents across the world

Abu Dhabi Global Market, ADGM, finally announced the launch of a new initiative, ‘FinTech 50’, and the much anticipated third ‘Innovation Challenge’, as part of the FinTech Abu Dhabi Festival 2019. The Abu Dhabi Innovation Challenge poses a set of FinTech problem statements based from various challenges that financial institutions, corporates, and consumers face in […]

MENA Fintech Association plans expansion
FinTech UAE

MENA Fintech Association plans expansion in the MENA region after major success with ADGM launch

MENA Fintech Association is planning on expanding its operations with dedicated government lobby teams and a global talent exchange program. The Chairman and Founding Board Member of Mena Fintech Association, Nameer Khan, told The National, “We are focusing on what elements make up a complete Fintech ecosystem in the region, and what makes that conducive […]