GCC Digital Upheaval - Fintechs vs Banks
Summary by Global Finance Magazine
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1 Articles
GCC Digital Upheaval - Fintechs vs Banks
Across the Gulf Cooperation Council (GCC) states, a new generation of fintech start-ups are challenging the dominance of incumbent banks and brokerage firms. With the United Arab Emirates emerging as a hub, the region is experiencing a widespread digitalization of financial services, driven by mobile-first platforms, specific regulations, and growing consumer demand for transparency, specialization, efficiency, and speed. “The GCC fintech ecosy…
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