The company said the rebrand reflects the platform’s evolution into a broader fintech ecosystem
Financial Services
Latest in Financial Services
Al Ramz Capital
Al Ramz net profit jumps to AED 18.8mn in H1 2025
The UAE-based financial services firm’s net profit jumped sevenfold on market-making gains and digital growth
financial institutions
Kenya’s Equity Group to open representative office in the UAE
The new office aims to facilitate business, trade and investment opportunities with the UAE, and the wider Middle East, India, Central and South Asia regions
CBUAE
UAE central bank fines foreign bank branch $164,000 for regulatory violations
The UAE central bank did not identify the specific foreign bank branch that received the penalty
banking business
Emirates NBD gets RBI go-ahead to set up wholly owned subsidiary in India
The Dubai bank will be treated on par with local banks after establishing a WOS; It will be allowed to list on Indian stock markets, and acquire other companies
Al Ansari Exchange
Al Ansari Exchange renews strategic partnership with Visa
Promises to unlock new opportunities and deliver significant value across the financial services ecosystem and accelerate the future of digital payments
DFSA
DFSA-regulated entities jump 31% in 2024 to go past the 900 mark
The DFSA authorised 946 individuals and 17 Designated Non-Financial Business or Professional corporate services providers during the year
Al Ansari Financial Services
Al Ansari’s CashTrans partners with Sharjah Islamic Bank to enhance cash management services
Collaboration aims to streamline cash handling, boost security, and optimise cash flow for Sharjah Islamic Bank and its customers
Artificial intelligence
DFSA co-leads report on AI’s impact in financial services
The report, prepared alongside UK’s FCA, provides key insights on the use of consumer-facing AI in global financial services
financial institutions
RAKBANK posts record over AED 2bn profits in 2024
For Q4’24, the profit after tax was AED 386M, and the profit before tax was AED 424M, representing declines of 10.4% and 4.6%, respectively
CBUAE
Paymob secures UAE central bank license for retail payment services
The regulatory nod also enables the company to provide merchants with its full suite of omni-channel solutions
Al Ansari Financial Services
Al Ansari Financial Services, Halan partner to launch financing solutions in UAE
The partnership introduces two key services: Salary Advance and Send Now, Pay Later (SNPL), which offer greater financial flexibility and convenience for Al Ansari Financial Services’ customers