Saturday, August 13, 2022
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Dubai: FinTech Hive looks for accelerator applicants

FinTech Hive at DIFC Dubai International Financial Centre (DIFC) announced it would receive applications for its accelerator programme from 17th April 2017. Read more: www.livetradingnews.com

New reforms accelerate FinTech activity in Dubai

Rising investments in the FinTech segment and the DIFC's new focus on startups are also driving a process of reform in Dubai's legal framework. Read more: www.khaleejtimes.com

FinTech can grow in the UAE by targeting low income people

FinTech companies are cooperating with regulators and cybersecurity experts to develop niche technology for banking, unencumbered by legacy systems. Read more: www.thenational.ae

Dubai partners with IBM to test blockchain trade finance

Dubai’s government is testing blockchain tech for trade finance in partnership with IBM. Read more: www.coindesk.com

Bitcoin evades prohibitive ban by UAE Central Bank

The Central Bank of the United Arab Emirates has moved to clarify recent regulations, that claimed “all virtual currencies are prohibited”. Read more: www.cryptocoinsnews.com

Abu Dhabi Bank partners with Ripple for cross-border payments

Abu Dhabi’s largest bank has begun offering a new cross-border transaction service in partnership with distributed ledger startup Ripple. Read more: www.coindesk.com

New digital bank coming to Middle East, Bank Clearly

Bank Clearly, a new mobile bank, is being set up in the UAE. Clearly will offer account opening “in seconds, completely online”. Read more: www.bankingtech.com

Visa to run FinTech bootcamp for African startups

Nest will work with Visa's teams in Kenya, South Africa, and the UAE to coach select startups and make introductions to the continent's financial services firms. Read more: www.finextra.com

UAE government to sponsor $140k blockchain hackathon

Those backing the event are seeking applications in digitized government, e-identity and connected cities, concepts that Dubai has been pushing toward. Read more: www.coindesk.com

Commercial Bank of Dubai to launch digital-only bank

Walter Lironi from CBD says its research shows that “digitally connected customers” want an experience “whereby everything can be done via smartphone”. Read more: www.bankingtech.com

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