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Top Fintechnews Middle East News

Central Bank · United Arab Emirates

UAE Banks to Cancel OTPs, Switch to App Verification From July 25: Emarat Al Youm

100% Right coverage: 1 sources

The change aims to improve security and reduce fraud risks associated with SMS or email-based OTPs.See the Story

Technology · United Arab Emirates

ADGM’s FSRA publishes 2024 annual report, reflecting on a year of growth and innovation

Innovation in Digital Assets was a central focus for the FSRA in 2024.Innovation · Abu Dhabi See the Story

Dubai Land Department, Emirates NBD Launch Joint Studies to Reform Property Registration - Fintechnews Middle East

The Dubai Land Department (DLD) has signed a memorandum of cooperation with Emirates NBD, a major banking group in the Middle East, North Africa and Turkey (MENAT) region. The agreement sets out a joint framework for regulatory and technical studies aimed at improving real estate transaction registration processes and strengthening the overall efficiency of the sector. The partnership includes two studies. The first will explore ways to optimise…Dubai, United Arab Emirates · Dubai Read Article

CBUAE, Mercury launch strategic joint venture to strengthen UAE’s national financial market infrastructure

This joint venture will enhance the operations of the UAE’s national financial market infrastructureInfrastructure · United Arab Emirates See the Story

Qlub Raises $30M to Expand Contactless Dining Platform Globally - Fintechnews Middle East

Qlub, a restaurant payment solution based Dubai, has raised US$30 million in a funding round to support its international expansion. The round was co-led by Shorooq Partners and Cherry Ventures, with participation from strategic backers including e&, Mubadala Investments, and Legend Capital. Launched in 2021 by Eyad Alkassar and Mahmoud Fouz, Qlub has become widely used across Dubai’s dining scene. The platform enables customers to scan a QR cod…Dubai, United Arab Emirates · Dubai Read Article

Wio Invest Surpasses $1B in Assets Under Administration Within Two Years - Fintechnews Middle East

Wio Invest, a digital investment platform based in the UAE and owned by ADQ, has exceeded US$1 billion in Assets Under Administration (AUA) in under two years of operation. This milestone places the platform among the fastest-growing digital investment services globally, comparable to leading neobrokers at similar stages of development. The platform began by offering access to US markets and has since expanded to include UAE markets, virtual ass…Dubai, United Arab Emirates · Dubai Read Article

Central Bank Launches AI Venture with Presight

The Central Bank of the United Arab Emirates (CBUAE) and Presight, AI and big data analytics company, have announced the launch of a joint venture. The initiative supports the CBUAE’s Financial Infrastructure Transformation Programme (FIT). This strategic partnership marks a major milestone in the UAE’s efforts to enhance resilience and integrate artificial intelligence across the financial ecosystem. The signing ceremony was witnessed by key of…Artificial Intelligence · United Arab Emirates See the Story

FRA Approves Expansion of Five Firms in Egypt’s Fintech Sector - Fintechnews Middle East

Egypt’s Financial Regulatory Authority (FRA) has granted approvals to five companies to expand their operations within Egypt’s non-banking financial sector, Arab Finance reported. Among them is Digified, a registered outsourcing services provider, which received approval from the FRA’s fintech applications review committee to extend its business scope. The company is now authorised to offer digital contract execution for non-banking financial pr…Middle East · Egypt See the Story

News from Fintechnews Middle East

News from Fintechnews Middle East