Fintech Consortium News Today

A consortium of companies in the financial and technology sectors are set to launch a first-of-its-kind privacy-enabled interoperable blockchain network that will be a 'network of networks' which allows previously siloed systems in financial markets to interoperate with the appropriate governance, privacy, permissioning and controls.

UAE Trade Connect (UTC), a commercialized blockchain platform, has recently confirmed ADCB has joined its consortium.

Bahrains Bet On Fintech Advertisement Bahrain aims to make itself both a fintech incubator and a destination for providers based elsewhere to develop and launch their solutions. April 08, 2021 Developing a thriving fintech sector is a key component of Bahrain’s broader plan to move away from its traditional reliance on oil revenues. Earlier this year, this ambition received a boost in the form of a new partnership with FinTech Aviv, Israel’s fintech networking community, following moves tow...

A cashless society in the UAE cannot happen without financial inclusion Anouar Bourakkadi Idrissi is the CEO of Edenred UAE At the onset of 2020, implementation of the wide-scale lockdown and social distancing measures in the fight against Covid-19 triggered significant changes in consumer behaviour. From crisis to recovery and the reopening of economies, businesses have witnessed a profound change in the way consumers behave. While some of these changes were temporary, others are expected to...