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 […]

New system in the UAE protects integrity of the country financial sector
FinTech UAE

The Central Bank of the UAE develops a new system to secure UAE finance sectors’ integrity

The Central Bank of the UAE has developed a Persona Non Grata (UAEPNG) System which aims to restrict people terminated for committing fraud or labeled with questionable professional integrity from joining financial firms in the UAE. The UAE has been toughening laws regulating the banking and financial institutions following the collapse of Abraaj Group, the […]

UAE First International Technology Centre
FinTech Technology UAE

Ministry of Finance signs MoU with ADGM and IBRD to establish the first International Technology Centre in the UAE

ABU DHABI, 1st May, 2019 (WAM) — The Ministry of Finance, MoF, today signed a Memorandum of Understanding, MoU, with Abu Dhabi Global Market, ADGM, and the International Bank for Reconstruction and Development, IBRD, to provide financial technology services, FinTech, to maintain an efficient growth in the financial sector. The MoU aims to establish an […]

Artificial Intelligence in Financial Technology
Business FinTech

Why AI plays an integral part in growing your FinTech company

FinTechs can offer quality services to their clients at a comparatively lesser cost because AI enables them to adjust costs at each stage A customer-centric approach, real-time data integration, cost optimization, and advanced security are the topmost needs of the present times financial sector which is emulating the business dynamics of FinTech companies. The word […]