MENA Fintech Association

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

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 […]

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

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 […]

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

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. […]

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

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 […]

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

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 […]

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FSRA Licenses 272 Firms in 2024 Amid Key Regulatory Reforms

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 […]

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

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 […]

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CBUAE and Presight Launch Joint Venture to Boost AI Integration in Financial Infrastructure

The Central Bank of the United Arab Emirates (CBUAE) and Presight, an AI and big data analytics company, have announced the establishment of a joint venture to support the CBUAE’s Financial Infrastructure Transformation (FIT) Programme. The initiative represents a key development in the UAE’s efforts to strengthen the resilience of its financial systems and integrate […]

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BurjX Becomes Fully Regulated Crypto Platform Under ADGM Framework

BurjX, a digital asset trading platform founded in the UAE, has received Financial Services Permission from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) for brokerage and custody operations. With this approval, BurjX becomes a fully regulated platform offering trading in over 100 digital assets. This milestone positions it as one […]

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ADGM FSRA and Azerbaijan Central Bank Collaborate on Fintech and Capital Markets

The Financial Services Regulatory Authority (FSRA) of ADGM has signed a MoU with the Central Bank of the Republic of Azerbaijan to enhance collaboration in financial technologies, capital markets, and related areas. The agreement enables both authorities to exchange information and expertise, conduct joint training sessions, collaborate on research initiatives, and facilitate study visits. Emmanuel […]

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