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The new platform will aim to create a collaborative ecosystem in the fintech sector by establishing a gateway for investment opportunities in the region, while fostering innovation and supporting integration between financial institutions and fintech startups. FinHub 973 will be powered by Fintech Galaxy's FinX22 platform, which is a cloud-based open innovation.

Although there are more than 35,000 banks worldwide, more than a billion people do not have a bank account – and, half of humanity cannot access bank credit. Xare was developed as a result of rise’s deep-rooted commitment to democratising banking and providing innovative products for those that cannot access mainstream financial services.

Powered by Fintech Galaxy’s crowdsourcing and open API platform FinX22, the hackathon aims at developing digital solutions for speeding up the financial inclusion of local communities and businesses in the region. It will bring to life partnerships that address the urgent needs of communities in times of Covid-19 and – beyond that…

Companies making redundancies can access the ASPIRE programme via the DIFC FinTech Hive. In the next 12 months the ambition is to rollout the programme to a minimum of 5,000 participants.

UK-headquartered FinTech Fasset, a provider of blockchain-powered platforms for the […]

In an exclusive interview, Yair Levy, CEO & Co-founder of Salaryo, discusses the company’s digital initiatives and the effect of UAE-Israel peace treaty on both countries’ economy.

African countries are home to some of the world’s most […]

During the COVID-19 pandemic, the company accelerated its growth by offering cash flow relief to small businesses in selected business categories, processing over $60 Million in loan applications year to date.

30 per cent of applications were from UAE based firms, demonstrating a strong pipeline of financial technology talent within the Emirates. 46 per cent came from the MENA region and 24 per cent were received from global firms.

Excerpt: The United Arab Emirates (UAE) has been one of the most forward-thinking nations when it comes to implementing strategies that prioritize investing in innovation and adopting the right technologies.In fact, IMD’s 2019 World Digital Competitiveness Report ranked the UAE as the number one digitally competitive country in the Arab World and the 12th globally.