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Dubai Launches Virtual Assets Licensing Regime: An Overview of the VARA Licensing Process | White & Case LLP

The Dubai Virtual Assets Regulatory Authority (VARA) has officially launched its highly anticipated licensing framework for virtual asset service providers (VASPs), ushering in a new...

Dubai , Dubayy , United-arab-emirates , Settlement-services , Dealer-services , Va-advisory-services , Va-exchange-services , Practical-tips-for-virtual-asset-service-providers , Investment-services , Borrowing-services , Company-rulebook

46pc of Middle East Fintech firms in Egypt and KSA: Forbes

Egypt and Saudi Arabia comprise 46% of the Fintech companies in the region, with eight and six entries, respectively, as Egypt’s Fawry for Banking Technology and Electronic Payments tops the list in Forbes ranking.

Iraq , Bahrain , Jordan , Morocco , Casablanca , Grand-casablanca , Egypt , Dubai , Dubayy , United-arab-emirates , Saudi-arabia , Saudi

India's Beams FinTech Fund looks towards Middle East

Beams Fintech Fund, India’s first dedicated Growth Capital Fintech Fund, looks to expand globally and sees UAE well positioned to be the international hub and silk route to the rest of the Gulf, north and eastern African regions.

China , Etisalat , Dubayy , United-arab-emirates , Dubai , India , Apoorva-ranjan-sharma , Gaurav-jain , Sagar-agarvwal , Deepak-ahuja , Anuj-golecha , Asuman-dayican-abdullatif

Beams FinTech Fund looks to expand into the Middle East

Beams Fintech Fund is India’s first ever dedicated Growth Capital Fintech Fund, which invests in Companies operating at the confluence...

India , Deepak-ahuja , Anuj-golecha , Leandra-monteiro , Indian-fintechs , Fintech-fund , Beams-fintech-fund , Indusind-bank , Beams-fintech-fund-is-india , Growth-capital-fintech-fund , Fund-management , Growth-stages

Egypt's fintech funding expected to hit $296mln in 2021: Citi

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Kenya , Nigeria , Egypt , Pakistan , Mastercard , Arab-finance-brokerage-company , Syndigate-media-inc , Middle-east-fintech , Sub-saharan-africa , Finance-brokerage-company-all , Syndigate-media

The Future of FinTech in the Middle East: Trends that are Here to Stay

Ten years ago, could you ever imagine that one day you could trade fractions of stocks and virtual currencies while sitting at a bus stop, all from your cellphone? Have you ever wondered what the future of finance will look like five years from today? Imagine going to the grocery store for a seamless shopping experience: You walk in, grab a carton of milk, and walk right out while cameras recognize the items in your basket and your face to enable a secured payment. The financial world has made tremendous advances in the last 10 years due to the arrival of FinTech, and the sector is only getting bigger.

China , Saudi-arabia , Thailand , Hong-kong , Israel , Service-baa , Central-bank , International-settlements , Futures-forum , Hong-kong-monetary-authority , Strategic-foresight-initiative

Banks and finTech partnerships to bring about a paradigm shift in the future of banking industry

Today there are over 60 retail banking brokerage companies who specialize in this domain
Ali Imran, Co-founder and Chief Commercial Officer, GoFinance
Image Credit: Supplied
Digitisation has changed every sector, and the banking industry is no exception, leading several banks to reduce their physical footprint in an effort to bring more customer centric digital platforms to the forefront of their retail offering. This digitisation and transformation journey has led several global and local banks, brokers, insurers, and investment managers to opt for online and digital solutions leading to a boost in partnerships with FinTech companies.
“In the early 90s, with the UAE economy and population growing, banks saw an opportunity and launched innovative retail products for personal accounts, credit cards, auto and personal loans to fulfil the banking requirements with a focus on salaried individuals. These products were an instant hit and had an overwhelming response amongst the general population, specifically corporate and government employees. With the growing demand for retail banking products, banks were compelled to grow their distribution network and physical footprint, in addition to exploring other avenues to convert this opportunity. This gave birth to the outdoor sales - the UAE banks were the first banks regionally to introduce sales teams concept where a sales officer would visit an employer or a corporate rather than the employees visiting a bank branch,” said Ali Imran, Cofounder and Chief Commercial Officer of GoFinance, who was amongst the first retail banking outdoor sales teams in the country. “It is happening all over again, but this time in the digital space,” added Imran.

Ali-imran , Chief-commercial-officer , Image-credit , Middle-east-fintech , அலி-இம்ரான் , தலைமை-வணிகரீதியானது-அதிகாரி , படம்-கடன் , நடுத்தர-கிழக்கு-ஃபிண்டெக் ,

NEC Payments Finds a New Path to Payment Security With Netcetera

NEC Payments Finds a New Path to Payment Security With Netcetera
Bahrain-based NEC Payments needed an ACS offering 3DS 2.0, the latest in payment security protocols. Netcetera rose to the challenge, building them a solution from the ground up.
NEC Payments is a rapidly growing digital banking and payment technology company with big plans. Already offering innovative cloud-native banking-as-a-service to Middle East Fintech and technology distribution partners via its licensed and regulated status and principal membership of the international payment schemes; the company is expanding geographically to offer banks, payment companies, digital platforms and other Fintech businesses across Europe and North America access to their modular and embedded digital financial services solutions. In order to guarantee their customers the highest transaction security possible, they wanted to implement the latest 3D Secure protocol 2.2. Enter Netcetera.

Zurich , Züsz , Switzerland , United-states , Bahrain , America , Andrew-sims , Ramy-fouda , Mastercard , Central-bank , Visa , Middle-east-fintech

Netcetera AG: NEC Payments finds a new path to payment security with Netcetera

27.05.2021 Netcetera AG: NEC Payments finds a new path to payment security with Netcetera | Netcetera AG | News | Nachricht | Mitteilung

Zurich , Züsz , Switzerland , Dubai , Dubayy , United-arab-emirates , United-states , Bahrain , America , Andrew-sims , Ramy-fouda ,