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Fintechnews Middle East

Zodia Custody Completes Acquisition of Abu Dhabi’s Tungsten Custody Solutions

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Zodia Custody, a London-based institution-focused digital assets platform backed by Standard Chartered Ventures, Emirates NBD, Northern Trust, SBI Holdings, and National Australia Bank Ventures, has announced the completion of its acquisition of Tungsten Custody Solutions, a regulated digital asset custodian based in the UAE. This follows an earlier announcement in April regarding Zodia Custody’s intent […]

The post Zodia Custody Completes Acquisition of Abu Dhabi’s Tungsten Custody Solutions appeared first on Fintechnews Middle East.

UAE Central Bank Suspends Bank’s Islamic Window Onboarding, Imposes AED 3.5M Fine

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The Central Bank of the UAE (CBUAE) has suspended the onboarding of new customers to the Islamic Window of a bank operating in the UAE for a period of six months and imposed a financial penalty of AED 3,502,214. This action was taken in accordance with Article 137 of Decretal Federal Law No. (14) of […]

The post UAE Central Bank Suspends Bank’s Islamic Window Onboarding, Imposes AED 3.5M Fine appeared first on Fintechnews Middle East.

UAE Poised to Become MENA’s Stablecoin Powerhouse

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The United Arab Emirates (UAE) is poised to become a regional leader in digital assets and stablecoin adoption. This is supported by progressive regulation, robust digital infrastructure, and booming crypto usage, according to a new report by PwC and Abu Dhabi-headquartered digital assets infrastructure provider Fuze. The report, released in May, looks at the state […]

The post UAE Poised to Become MENA’s Stablecoin Powerhouse appeared first on Fintechnews Middle East.

Saudi Arabia Updates Credit Card Rules to Cut Fees and Boost Transparency

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The Saudi Central Bank (SAMA) has announced an overhaul of the Kingdom’s credit card regulations, aimed at improving transparency, reducing costs for consumers, and supporting the national transition towards digital payments. The new rules will be implemented within a period of 30 to 90 days. Under the revised framework, credit card holders can expect lower […]

The post Saudi Arabia Updates Credit Card Rules to Cut Fees and Boost Transparency appeared first on Fintechnews Middle East.

BridgeWise Launches SignalWise to Deliver AI-Powered Investment Alerts

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BridgeWise, an AI-driven investment intelligence platform, has introduced SignalWise, a new personalised alerts and insights system aimed at digital trading platforms and financial advisors. The tool is designed to support more informed decision-making by providing timely, relevant market intelligence tailored to individual investor behaviors and portfolios. Unlike traditional alert systems, SignalWise combines real-time event detection […]

The post BridgeWise Launches SignalWise to Deliver AI-Powered Investment Alerts appeared first on Fintechnews Middle East.

UAE Central Bank and China’s CIPS Partner to Enhance Cross Border Payment Efficiency

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The Central Bank of the UAE (CBUAE) and CIPS, the operator of China’s Cross Border Interbank Payment System, have signed a MoU to strengthen cooperation in payment infrastructure and improve the efficiency of cross border transactions between the UAE and China. Under the agreement, both parties will collaborate on initiatives aimed at supporting the use […]

The post UAE Central Bank and China’s CIPS Partner to Enhance Cross Border Payment Efficiency appeared first on Fintechnews Middle East.

OCTA Secures US$20 Million to Expand SME Financing in Saudi

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OCTA, a fintech platform based in the UAE, has secured a US$20 million credit facility from the Sukna Fund for Direct Financing (SFDF). The funding will support OCTA’s goal to offer short-term working capital financing directly through its platform, enabling SMEs in Saudi Arabia to access credit more easily. Unlike traditional lending models that require […]

The post OCTA Secures US$20 Million to Expand SME Financing in Saudi appeared first on Fintechnews Middle East.

UAE Central Bank Revokes Sundus Exchange License Over Major AML Breaches

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The Central Bank of the UAE (CBUAE) has revoked the license of Sundus Exchange, an exchange house operating within the UAE, and has removed its name from the register of licensed entities. In addition, a financial penalty of AED 10 million has been imposed in accordance with Article (14) of Federal Decree Law No. (20) […]

The post UAE Central Bank Revokes Sundus Exchange License Over Major AML Breaches appeared first on Fintechnews Middle East.

Stake Introduces Real-Time Card Withdrawals via Checkout.com

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Dubai-based property investment platform Stake has launched a new withdrawal feature, Pay to Card, in partnership with global payments company Checkout.com. The service enables investors to receive their dividends and returns directly to their bank cards, often within minutes. The launch follows a pilot phase in May involving over 200 investors. Several users reported receiving […]

The post Stake Introduces Real-Time Card Withdrawals via Checkout.com appeared first on Fintechnews Middle East.

UK’s NayaOne Launches Saudi’s First Fully Hosted Fintech Infrastructure Platform

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UK-based fintech infrastructure provider NayaOne has launched Saudi Arabia’s first fully Saudi-hosted Vendor Delivery Infrastructure (VDI) platform, supported by regional business expansion specialist AstroLabs. The launch marks NayaOne’s official entry into the Saudi market and is designed to support financial institutions, including banks, insurers, and fintechs, in developing, testing, and deploying products within weeks. Backed […]

The post UK’s NayaOne Launches Saudi’s First Fully Hosted Fintech Infrastructure Platform appeared first on Fintechnews Middle East.

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