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Fintechnews Middle East

Mastercard, IFZA and Global Tax Assistant Launch AI-Powered SME Registration Pilot in UAE

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Mastercard has partnered with IFZA, a UAE free zone, and international consulting firm Global Tax Assistant to introduce a fully digital, AI-driven business registration process in the country. The initiative aims to support the growth of SMEs and facilitate their expansion into Eastern Europe, the Middle East and Africa (EEMEA). SMEs account for over 94% […]

The post Mastercard, IFZA and Global Tax Assistant Launch AI-Powered SME Registration Pilot in UAE appeared first on Fintechnews Middle East.

Shory and Wio Bank Partner to Embed Car Insurance in Wio App

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Shory, a digital insurance platform in the UAE, has entered into a strategic partnership with Wio Bank to offer users a more streamlined way to obtain car insurance directly through the Wio Personal app. The integration enables Wio users to purchase car insurance within the app in a few simple steps. Customers will also be […]

The post Shory and Wio Bank Partner to Embed Car Insurance in Wio App appeared first on Fintechnews Middle East.

Alaan Raises $48M to Expand in Saudi and Advance AI Finance Tools

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Alaan, a spend management platform for businesses in the Middle East, has secured US$48 million in a Series A funding round. The round was led by Peak XV Partners (formerly Sequoia Capital India & SEA), with notable participation from the founders of 885 Capital, Sudeep Ramnani and Jai Mahtani, as well as Y Combinator, 468 […]

The post Alaan Raises $48M to Expand in Saudi and Advance AI Finance Tools appeared first on Fintechnews Middle East.

Tarabut Secures UAE Central Bank Approval for Open Finance Operations

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Tarabut, a Dubai-based open banking and embedded finance platform, has received in-principle approval from the Central Bank of the United Arab Emirates (CBUAE), following the introduction of the UAE’s Open Finance regulation. This development marks Tarabut’s third national regulatory license after Bahrain and Saudi Arabia and positions the company among the early movers in the […]

The post Tarabut Secures UAE Central Bank Approval for Open Finance Operations appeared first on Fintechnews Middle East.

ADIB Partners with Visa to Introduce Real-Time Cross-Border Transfer Service

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Abu Dhabi Islamic Bank (ADIB) has launched a new real-time cross-border money transfer service called Remit! in partnership with Visa. The service, powered by Visa Direct, enables ADIB customers to send funds to over 11 billion cards, digital wallets, and bank accounts globally. According to both firms, ADIB is the first bank worldwide to offer […]

The post ADIB Partners with Visa to Introduce Real-Time Cross-Border Transfer Service appeared first on Fintechnews Middle East.

Abu Dhabi Finance Week 2025 to Return with Expanded Fourth Edition in December

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Under the patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Executive Council, Abu Dhabi Finance Week (ADFW) will return for its fourth edition from 8 to 11 December 2025. Organised by the ADGM, the international financial centre of Abu Dhabi, and headlined […]

The post Abu Dhabi Finance Week 2025 to Return with Expanded Fourth Edition in December appeared first on Fintechnews Middle East.

CBUAE Publishes Report on Digital Dirham Ahead of Official Launch

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In preparation for the launch of the UAE’s national digital currency and in support of the country’s broader digital transformation efforts, the Central Bank of the UAE (CBUAE) has released a detailed report on the Digital Dirham project. The publication provides a comprehensive overview of the progress made to date, alongside ongoing research and development […]

The post CBUAE Publishes Report on Digital Dirham Ahead of Official Launch appeared first on Fintechnews Middle East.

Gomti Exchange License Revoked by CBUAE Over Compliance Breaches

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The Central Bank of the UAE (CBUAE) has revoked the license of Gomti Exchange, an exchange house operating in the UAE, and removed its name from the Register, in accordance with Article (137) of Decretal Federal Law No. (14) of 2018 regarding the Central Bank and Organisation of Financial Institutions and Activities, and its amendments. […]

The post Gomti Exchange License Revoked by CBUAE Over Compliance Breaches appeared first on Fintechnews Middle East.

CBUAE Revokes License of Al Nahdi Exchange Over Compliance Failures

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The Central Bank of the UAE (CBUAE) has revoked the license of Al Nahdi Exchange and removed its name from the Register, in accordance with Article (137) of Decretal Federal Law No. (14) of 2018 Regarding the Central Bank and Organisation of Financial Institutions and Activities, and its amendments. The decision follows examinations conducted by […]

The post CBUAE Revokes License of Al Nahdi Exchange Over Compliance Failures appeared first on Fintechnews Middle East.

EazyPay Introduces Mastercard Receivables Manager in Bahrain

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Eazy Financial Services (EazyPay) has introduced Mastercard Receivables Manager in Bahrain, becoming the first acquirer in the country to adopt the solution. The tool is designed to support businesses by streamlining virtual card payment processing. Mastercard Receivables Manager allows EazyPay to help merchants automate their business-to-business (B2B) virtual card receivables. The solution removes the need […]

The post EazyPay Introduces Mastercard Receivables Manager in Bahrain appeared first on Fintechnews Middle East.

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