Search Results for: Dubai International Financial Centre

United Fintech Strengthens Presence with Opening of New Location in Dubai International Financial Centre (DIFC)

United Fintech is increasing its global presence with the opening of a new location in the Dubai International Financial Centre (DIFC). This strategic expansion into the UAE, “spearheaded by Athena, one of United Fintech’s partner companies, is a response to robust market demand and underscores… Read More

Dubai International Financial Centre (DIFC) Announces Consultation on Digital Assets Law

Dubai International Financial Centre (DIFC), the global financial center in the MENA and Southeast Asia region, has proposed to enact a Digital Assets Law, a Law of Security and related amendments to select existing legislation “to cater to the requirements of the DIFC’s proposed digital… Read More

Dubai International Financial Centre Selects Napier to Offer Client Screening Capabilities

Dubai International Financial Centre (DIFC), the global financial centre in the MENA and South Asia region, has chosen anti-financial crime compliance specialist Napier in order to upgrade the screening services they employ with Napier Client Screening. With the next-generation solution, the DIFC Authority will “benefit… Read More

UK based Legaltech Firm Clara Acquires Strategic Investment from the Dubai International Financial Centre

The Dubai International Financial Centre (DIFC), a special economic zone in Dubai covering 110 ha, established in 2004 and a financial hub for the MENA region as well as South Asia markets, has reportedly invested an undisclosed amount in UK-headquartered Legaltech firm Clara. Clara has… Read More

Dubai International Financial Centre Receives Approval to Join the World Alliance of International Financial Centers

      Dubai International Financial Centre (DIFC), an international financial hub in the Middle East, Africa, and South Asia (MEASA) region, has received approval to join the World Alliance of International Financial Centers (WAIFC). WAIFC is described as a non-profit association registered in Belgium,… Read More

Over 80 New Fintech Initiatives Joined Dubai International Financial Centre in H1 2020, a 75% YoY Increase

Although Dubai’s economy is projected to contract by 6.2% this year, with the travel and hospitality industries hit really hard due to the COVID-19 pandemic, the country saw a significant increase in bank financing for its communications, storage, and transport sectors. There was also solid… Read More

Dubai International Financial Centre’s Fintech Hive and Israel’s Fintech Aviv to Work Cooperatively to Expand Financial Tech Ecosystems

The Dubai International Financial Centre (DIFC) Fintech Hive, the largest Fintech hub in the MENA region, entered into an agreement with Israel-based Fintech-Aviv on Saturday, November 28, 2020. Founded in 2014, Fintech Aviv aims to cater to the needs or requirements of the Israeli Fintech… Read More

American Fintech Ripple Set to Establish Operations at the Dubai International Financial Centre

American Fintech firm Ripple has reportedly chosen the Dubai International Financial Centre as its new regional headquarters. Financial institutions based in over 45 different countries are currently using RippleNet, which is a “decentralized” network for conducting cross-border transactions between different financial services providers. Ripple focuses… Read More

Dubai International Financial Centre to Continue Working with Local Organizations on Fintech Projects

The Dubai International Financial Centre (DIFC), which serves as an global financial hub in the MENA and South Asia region, has signed a Memorandum of Understanding (MoU) with the Dubai Future Foundation (DFF). Both organizations have agreed to focus on supporting innovative Fintech projects in… Read More

State-Owned Dubai International Financial Centre Adds Over 2,000 Jobs, Records $139 Million in Net Profits

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The financial sector in Dubai will be expanding at a gradual pace and only if there is enough demand for new platforms and services, according to the local financial district’s governor. The state-owned Dubai International Financial Centre (DIFC) began expanding its operations in 2019. It’s… Read More

Dubai International Financial Centre Fintech Hive Launches Investment Accelerator Program in Middle East, Africa, South Asia

Dubai International Financial Centre (DIFC) Fintech Hive has announced the introduction of their investment-focused accelerator program for startups and other small companies in the Middle East, Africa and South Asia (MEASA) regions. The Fintech Hive Scale Up program will provide partnership and investment opportunities for… Read More

Dubai International Financial Centre Signs MoU With UK’s Innovate Finance

Fintech

Dubai International Financial Centre (DIFC), an international financial hub in the Middle East, Africa, and South Asia (MEASA) region, announced on Monday it has signed a Memorandum of Understanding (MoU) with Innovate Finance, an independent membership association that is at the heart of the UK’s… Read More

Dubai International Financial Centre Announces New Fintech Partnership With Startupbootcamp

Dubai International Financial Centre (DIFC) announced on Tuesday it has formed a new partnership with Startupbootcamp to support the development of the growing fintech and venture capital ecosystem in the Centre as well as promote entrepreneurship in the region. According to the organization, this partnership… Read More

Dubai International Financial Centre Reports Fintech Ecosystem Gains Further Momentum in 2018

Dubai International Financial Centre (DIFC), an international financial hub in the Middle East, Africa and South Asia (MEASA) region, announced on Monday important developments in its Fintech ecosystem that further strengthen its position as MEASA’s number one and one of the world’s top ten FinTech… Read More

Dubai International Financial Centre & Accenture Announces FinTech Hive at DIFC Accelerator Program

Dubai International Financial Centre (DIFC), the financial hub for the Middle East, Africa, and South Asia (MEASA) region, and global professional services company, Accenture, announced on Tuesday the launch of their FinTech Hive at DIFC Accelerator Program. The companies stated that the program is considered… Read More

Enterprise Blockchain Firm Ripple Obtains In-Principle Approval from Dubai Financial Services Authority (DFSA)

The latest DFSA approval unlocks Ripple’s end-to-end payment services in the UAE, boosting Middle East operations. Ripple, the provider of digital asset infrastructure, has secured in-principle approval from the Dubai Financial Services Authority (DFSA) in order to expand its services from the Dubai International Financial… Read More

Financial Services and Compliance Tech Platform Grath Announces Expansion into Middle East

Grath, a global platform for financial services and regulatory compliance technology, is expanding its presence into the Middle East with the opening of a new office in the prestigious Dubai International Finance Centre (DIFC). This expansion is said to mark a significant milestone in Grath’s… Read More

Crypto.com Dubai Entity Obtains Full Operational Approval from Virtual Assets Regulatory Authority (VARA)

Crypto.com, which claims to be “trusted” by more than 80 million customers worldwide and the industry leader in regulatory compliance, security and privacy, announced that its Dubai entity, CRO DAX Middle East FZE, has “received full operational approval from Dubai’s Virtual Assets Regulatory Authority (VARA)… Read More

Digital Asset Firm Nexo’s Dubai Entity Receives Initial Approval from VARA

Nexo, a digital assets institution, announced that its Dubai entity, Nexo Services FZE, has been awarded an Initial Approval [IA] by Dubai’s Virtual Assets Regulatory Authority (VARA) for Virtual Asset Lending & Borrowing, Management & Investment, and Broker-Dealer activities. This IA positions Nexo as one… Read More

additiv, an Enabler of Embedded Finance, Expands Operations in Dubai

Responding to growing demand for Finance-as-a-Service propositions in the Middle East, additiv, a global enabler of Fintech and embedded finance, has announced that it is expanding its presence in Dubai, UAE by opening a new, fully operational office location in the heart of Dubai International… Read More

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