by Jibran Munaf | August 14, 2024 | Fintech, Industry, News, Technology
The U.S. Justice Department is contemplating a rare bid to break up Alphabet’s Google following a landmark court ruling that found the company monopolized the online search market. This would be Washington’s first attempt to dismantle a company for illegal...
by Jibran Munaf | August 13, 2024 | Fintech, Industry, News, Trending Now
Start-up funding in the Middle East and North Africa (MENA) region made a remarkable comeback in July 2024, with investments surging by over 200%. The region’s start-ups raised $355 million during the month, up by 206% from the previous month and 260% from a year ago,...
by Jennifer George | August 9, 2024 | Banking, Banking Regulations, Fintech, News
Ziina, the UAE’s leading financial platform supporting consumers and entrepreneurs, announces that it has secured the Stored Value Facility (SVF) license from the UAE Central Bank. This marks a significant milestone for Ziina, enabling it to rapidly expand its range...
by Jennifer George | August 9, 2024 | Banking, Fintech, News
Sav, a UAE-based fintech, has received an in-principle approval for a Category 4 license from the Dubai Financial Services Authority (DFSA). This strategic milestone will enable Sav to provide consumers with regulated services upon the issuance of the full DFSA...
by Jennifer George | July 16, 2024 | Banking, Fintech, News
Projections indicate that the GCC’s digital assets market will grow by 5.22% between 2024 and 2028, reaching a market volume of $13.25 billion by that time. The UAE and Saudi Arabia are championing developments in the region’s burgeoning sector. In a...
by Jennifer George | July 12, 2024 | Banking, Fintech, News
Earlier this year, fintech middleman Synapse filed for bankruptcy amidst an array of disagreements with Evolve Bank & Trust on the accuracy of ledger of transactions. Tennesse-based Evolve Bank & Trust managed 85 million bank accounts for the fintech...
