Remitly Granted Stored Value License by UAE Central Bank
Remitly has secured a Stored Value Facilities license from the UAE Central Bank, enabling new financial products in the region.
Regulatory Changes Reshape Buy Now, Pay Later Services in MENA
Regulatory changes are reshaping Buy Now Pay Later services in MENA, impacting consumer credit and fintech operations.
DataFlow Group and Tadawi Healthcare Sign MOU to Enhance UAE Healthcare Credential Verification
DataFlow Group and Tadawi Healthcare sign MOU to enhance credential verification standards for healthcare practitioners in the UAE.
Saudi Arabia Strengthens AI Ties with South Korea and China
Saudi Arabia’s Minister of Communications, Abdullah bin Amer Al-Sawaha, held meetings in South Korea and China to enhance partnerships in advanced technologies, particularly in artificial intelligence. This initiative is part of a broader strategy to bolster the kingdom’s digital economy and foster international collaborations. The next steps to watch include potential agreements that may arise from these discussions, impacting Saudi Arabia’s technological landscape.
Saudi Arabia Launches National AI Risk Management Framework
The Saudi Data and Artificial Intelligence Authority (SDAIA) has launched a national framework for managing artificial intelligence risks, designed to provide a unified reference for both public and private sectors to safely and responsibly adopt AI technologies. This initiative is triggered by the rapid global adoption of AI technologies and the unique risks they pose compared to traditional systems. Moving forward, stakeholders should monitor the implementation of this framework and its impact on Saudi Arabia’s position as a leader in responsible AI development.
HSBC UK and Visa Collaborate on AI-Driven Shopping Solutions
HSBC UK partners with Visa to enhance digital shopping experiences through AI technology, improving customer security and control.
PwC Middle East and Label Collaborate on Tax Automation
PwC Middle East and Label announced a strategic collaboration to enhance tax automation across the Middle East, improving compliance for businesses.
How Agentic AI is Transforming Retail Banking for Gen Z
Large financial institutions are modernizing with Agentic AI to enhance banking experiences for Gen Z customers.
BIS Warns of Potential Bust in AI Investment Boom and Its MENA Impact
The BIS warns that the trillion-dollar AI investment boom risks a bust that could damage the global economy, impacting MENA fintech startups.
ESMA Appoints Etrading Software as CTP for OTC Derivatives
ESMA has appointed Etrading Software as the CTP for OTC derivatives, enhancing market transparency and impacting MENA fintech strategies.