January 7, 2019 @ 3:09 pm By Samantha Hurst  |  

The Dubai Financial Services Authority (DFSA) announced on Monday it has accepted seven new firms into its cohort process, which permits companies to apply for an Innovation Testing Licence (ITL). According to DFSA, the ITL forms part of the DFSA’s commitment to support innovation and… Read More

August 29, 2018 @ 10:05 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) and the Dubai Financial Services Authority (DFSA) have strengthened their pre-existing Fintech relationship with a new agreement. According to MAS, this most recent collaboration will see mutual referrals of promising Fintech firms between the two jurisdictions.  The agreement is… Read More

May 16, 2018 @ 12:02 pm By Samantha Hurst  |  

The Dubai Financial Services Authority (DFSA) announced on Wednesday the expansion of its Innovation Testing Licence (ITL) programme in response to continued interest in fintech and the digital economy. According to DFSA, the ITL program enables firms to test innovations in fintech in or from the… Read More

December 7, 2017 @ 9:41 pm By JD Alois  |  

The Hong Kong Monetary Authority (HKMA) and the Dubai Financial Services Authority (DFSA) have signed a Fintech Co-operation Agreement today to boost collaboration between the two regulatory authorities, with a view to facilitating financial innovation in the two jurisdictions. The Co-operation Agreement was signed by… Read More

November 9, 2017 @ 2:39 pm By Samantha Hurst  |  

The Dubai Financial Services Authority (DFSA) today granted Sarwa Digital Wealth Limited (Sarwa), an automated investment advice service, in-principle approval for its Innovation Testing Licence (ITL). According to the organization, Sarwa Digital Wealth is considered the first fintech operator to receive approval for this special… Read More

September 18, 2017 @ 7:51 am By JD Alois  |  

The Dubai Financial Services Authority (DFSA) has signed a Memorandum of Understanding (MoU) with Lebanon’s Capital Markets Authority (CMA). The agreement is said to enhance information sharing and cooperation around supervisory issues, further extending the existing relationship between the two markets. DFSA has recently been… Read More

September 12, 2017 @ 11:03 am By JD Alois  |  

The Dubai Financial Services Authority (DFSA) and Securities Commission Malaysia (SC) have entered into an agreement to cooperate in the development of Fintech.  According to both parties, this agreement reflects efforts by both authorities to provide a robust regime that fosters financial innovation in the… Read More

August 28, 2017 @ 9:05 am By JD Alois  |  

The Dubai Financial Services Authority (DFSA) and the Securities and Futures Commission (SFC) in Hong Kong have signed an agreement to cooperate on Fintech innovation. The two public entities said the agreement will further strengthen the efforts of both authorities to develop an innovations-friendly ecosystem… Read More

August 1, 2017 @ 7:51 am By JD Alois  |  

The Dubai Financial Services Authority (DFSA) has today launched a regulatory framework for loan and investment-based crowdfunding platforms. The DFSA noted this is the first such framework in the  Gulf Cooperation Council (GCC) member countries. The new crowdfunding regulatory approach is part of the DFSA’s… Read More

November 6, 2016 @ 2:06 pm By JD Alois  |  

Eureeca has become the first equity crowdfunding platform to be officially licensed by the Dubai Financial Services Authority (DFSA).  Eureeca is a multi-regulated platform, having already received regulatory approval from from the Financial Conduct Authority in the UK and the Securities Commission Malaysia in 2015…. Read More