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Fintechnews Middle East

FSRA Updates Cyber Risk Management Rules for ADGM Financial Firms

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The Financial Services Regulatory Authority (FSRA) of ADGM has announced the implementation of amendments to its regulatory framework concerning cyber risk management for Authorised Persons and Recognised Bodies. The updated requirements will take effect from 31 January 2026. The changes follow a consultation period and industry engagement stemming from Consultation Paper No. 3 of 2025. […]

The post FSRA Updates Cyber Risk Management Rules for ADGM Financial Firms appeared first on Fintechnews Middle East.

Jeel and zypl.ai Partner to Advance AI-Driven Digital Banking in Saudi

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Jeel, the digital innovation arm of Riyad Bank, has signed a MoU with Dubai-based zypl.ai, a specialist in synthetic data generation and AI-powered risk analytics. The agreement sets out a collaborative framework to support the adoption of advanced data technologies, AI, and payment solutions aimed at developing customer-centric digital financial platforms in Saudi Arabia. Central […]

The post Jeel and zypl.ai Partner to Advance AI-Driven Digital Banking in Saudi appeared first on Fintechnews Middle East.

UAE Banks to Raise Foreign Transaction Fees to 3.14% in September

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Travellers using UAE-issued credit and debit cards overseas will soon face higher costs, as banks across the country prepare to increase the foreign transaction fee to 3.14% starting 22 September 2025. The revised fee will apply to all international purchases and ATM withdrawals. As reported by Time Out Dubai, the new total fee includes a […]

The post UAE Banks to Raise Foreign Transaction Fees to 3.14% in September appeared first on Fintechnews Middle East.

Shariah-Compliant Investment Platform Tabadulat Gains In-Principle Approval from ADGM

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Tabadulat Limited (Tabadulat), a Shariah-compliant investing platform based in the UAE and registered with ADGM, has received In-Principle Approval from ADGM’s Financial Services Regulatory Authority (FSRA). This development comes shortly after the UAE Cabinet approved the country’s National Strategy for Islamic Finance and the Halal Industry on May 6. The strategy aims to strengthen the […]

The post Shariah-Compliant Investment Platform Tabadulat Gains In-Principle Approval from ADGM appeared first on Fintechnews Middle East.

CE-Ventures Invests in $657M Funding Rounds for Plaid and Mesh

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CE-Ventures, the corporate venture capital arm of UAE-based Crescent Enterprises, has announced investments in Plaid and Mesh, two companies developing infrastructure for the next generation of financial services. The investments reflect CE-Ventures’ view that finance is evolving toward systems that are open, programmable, and increasingly crypto-native, with long-term value likely to come from companies building […]

The post CE-Ventures Invests in $657M Funding Rounds for Plaid and Mesh appeared first on Fintechnews Middle East.

Lean Technologies Among First to Gain UAE Approval Under New Open Finance Framework

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Lean Technologies, a financial infrastructure provider based in the MENA region, has received In-Principle Approval (IPA) from the Central Bank of the UAE under the country’s new Open Finance Framework. The IPA positions Lean as one of the first companies to offer regulated Open Finance services in the UAE, advancing its path toward full licensing. […]

The post Lean Technologies Among First to Gain UAE Approval Under New Open Finance Framework appeared first on Fintechnews Middle East.

Abu Dhabi Police Partners with Presight to Integrate AI in Law Enforcement

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Presight, a global provider of AI and big data analytics solutions, has signed a cooperation agreement with the Abu Dhabi Police General Headquarters (GHQ) to support the development and deployment of AI technologies in policing. The agreement outlines joint efforts to use artificial intelligence to enhance law enforcement capabilities, improve public safety, and contribute to […]

The post Abu Dhabi Police Partners with Presight to Integrate AI in Law Enforcement appeared first on Fintechnews Middle East.

UAE Central Bank Partners with Mercury to Launch Unitey for National Payments Infrastructure Overhaul

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The Central Bank of the United Arab Emirates (CBUAE) and Mercury, a UAE-based fintech firm specialising in payments infrastructure and services, have announced the establishment of a joint venture, Unitey Business Services. The initiative is aimed at supporting the CBUAE’s Financial Infrastructure Transformation (FIT) programme by strengthening the operations of the UAE’s national financial market […]

The post UAE Central Bank Partners with Mercury to Launch Unitey for National Payments Infrastructure Overhaul appeared first on Fintechnews Middle East.

FSRA Licenses 272 Firms in 2024 Amid Key Regulatory Reforms

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The Financial Services Regulatory Authority (FSRA) of ADGM has released its 2024 Annual Report, detailing key regulatory developments and reaffirming its role in maintaining a high-standard regulatory environment for financial services. The report outlines the FSRA’s continued efforts throughout the year to ensure its framework remains consistent with international standards, with a particular emphasis on […]

The post FSRA Licenses 272 Firms in 2024 Amid Key Regulatory Reforms appeared first on Fintechnews Middle East.

UAE Banks to End OTPs via SMS and Email Starting 25 July

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Starting Friday, 25 July, banks in the UAE will no longer send one-time passwords (OTPs) via SMS or email for any financial or electronic transactions, including both domestic and international transfers. The move follows new directives from the Central Bank of the UAE (CBUAE) aimed at strengthening the nation’s digital banking security framework, according to […]

The post UAE Banks to End OTPs via SMS and Email Starting 25 July appeared first on Fintechnews Middle East.

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