Dubai has been ranked a top four global FinTech hub in the GFCI, with DIFC firms surpassing 1,500 and raising $4.2bn in investment
fintech business
Latest in fintech business
Capital Market Authority (CMA)
Saudi eyes fintech growth with 68 permits amid robo-advising, crowdfunding and digital trading boost
Saudi Arabia’s CMA has issued 68 fintech permits by Q2 2025, with 36 firms operational under its Fintech Lab, advancing Vision 2030 innovation goals
fintech
UAE fintech sector to hit $6.43bn by 2030
UAE fintech sector is rapidly growing with Dubai and Abu Dhabi developing apace
fintech
Saudi Arabia targets 535 fintech firms by 2030: How technology is changing Kingdom’s finance sector
Saudi Arabia is looking to fintech sector as an avenue of growth for Kingdom economy
DIFC
Dubai FinTech Summit gathers industry experts as sector eyes global growth to $608bn by 2029
Dubai FinTech Summit gathers experts as MENA startups in sector are valued at $15.5bn
COP28
New payments platform with sustainability features launched in UAE ahead of COP28
The company said Fils’ new product will demonstrate that the Middle East is at the forefront of ESG innovation, enabling progress the world over
banking
How technology is helping banks treasure tomorrow
Financial organisations need to move on from manual processes and outdated infrastructures or risk being left behind
AI
Banking sector fintec major Zafin eyes $5bn market with early AI product launch in Middle East
Middle East is estimated to account for about 5% of the $100 billion global market opportunity globally in the AI-driven ‘pricing and promotion’ functions of banks
cloud computing
Banking sector fintech major Zafin to set up third global operational centre in Dubai
It is also in talks with Microsoft, its global partner for cloud operations, to explore the tech giant’s data centre spread out in the region for tie-ups for housing data related activities
banking services
Qashio teams up with Facephi to bring cutting-edge identity verification solutions to Saudi Arabia and UAE
The tie-up will enable Qashio’s customers to use biometric technology by the Spain-based company
Falak Investment Hub
Standard Chartered, Falak Investment Hub announces ‘Women in Tech’ winners
The top three competitors were awarded a total of $50,000 in equity-free cash rewards
DIFC
Dubai-based fintech set to disrupt cross-border remittance businesses with cash back offers
Xare will first launch its new ‘get-paid for remittances’ services in the UAE-India corridor, with plans to expand the services between other GCC countries and India in few months
DIFC
Dubai FinTech Summit eyes $305bn market
Dubai FinTech Summit will focus on emerging finance sector as city looks to be global hub
Apple
Apple announces new buy now pay later feature for Apple Pay users
Users can also apply for Apple Pay Later loans from $50 to $1,000
Buy now Pay later
Saudi approves buy now pay later firm
Saudi Arabia introduces updates to credit finance system
collection agent
World’s first ‘collect-tech’ venture Spocto scripts aggressive MENA expansion amid global recession talks
The venture, which has its regional headquarter in Dubai, is eyeing a $100 million revenue target from the Middle East region in the next few years
DIFC
Five key trends shaping the financial services sector in 2023
Financial services sector outlook for 2023: Increasing demand for hedge funds, Middle East IPO boom, strengthening family businesses, emergence of Dubai as a slobal fintech capital, and accelerating climate finance in the UAE
