Friday 30 July 2021

Thales biometric payment card is a secure innovation

Thales is the first to provide a contactless biometric card fully compliant with major payment scheme certifications.   This is done at a time social distancing drives demand for a contactless and touchless in-store payment experience. Biometric payment cards me


World Bank support to Mena tops $4.75bn in fiscal 2021

World Bank’s support to the Mena region has exceeded $4.75 billion in fiscal year 2021, helping countries respond to needs arising from the pandemic including securing vaccines while strengthening health, education, and social protection systems. In the fiscal year ending J


Top Saudi banks get Fitch ratings upgrade; stable outlook

Fitch Ratings has revised six Saudi banks' outlooks to stable from negative and affirmed the foreign currency and local currency long-term issuer default ratings (IDRs) at 'BBB+'.    The banks are Arab National Bank (ANB), Banque Saudi Fransi (B


Lucid debuts on Nasdaq through merger with Churchill Capital

Lucid Group, parent company of American electric vehicle manufacturer Lucid Motors, became a publicly listed company trading on the Nasdaq Global Select Market with its Class A common stock and public warrants listed under the new ticker symbols 'LCID' and 'LCIDW', respectivel


Al Fardan Exchange in deal with Empay for remittance services

Al Fardan Exchange, one of the UAE’s leading financial services providers, has announced a partnership with Empay, a contactless lifestyle payment ecosystem with instant credit, to be the latter's exclusive remittance partner.   Founded in 1971


Financial services top digital transformation push

Financial services organisations are the most bullish of all sectors when it comes to digital transformation, according to new research by F5.   An industry-specific cut of the 2021 State of Application Strategy Report found that 100% of surveyed financial servi


DIFC invests in legaltech startup Clara

Dubai International Financial Centre (DIFC), a leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, has announced that it has invested in UK-based legaltech startup, Clara.   Clara's innovative platform digitises and auto

More… boosts Mideast presence with new trading product, the leading global multi-licensed broker operated by Key Way Markets Ltd, has launched its latest product StoX – 0 commission in the Middle East.    Regulated by the Abu Dhabi Global Market, StoX will enable clients to diversify their portf


UAE ‘leads Mena region in crowdsourcing industry’

The UAE is leading the Mena region in the crowdsourcing industry where public participation in issues of national importance, including health and education, is highly encouraged, said an industry expert.   “Crowdsourcing, or the practice of enlisting the recommendation


UK’s Napier sets up new Mideast office at DIFC

London-based Napier, a leading provider of advanced anti-financial crime compliance solutions, has opened a new office at Dubai International Financial Centre (DIFC), a global financial centre and FinTech hub in the MEASA region. Located in the recently inaugurated Innovation Hub

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