Topic: financial innovation
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STC Bank Launches Smart Saver & Finance Tools for Customers
STC Bank has launched two Shariah-compliant digital tools, Smart Saver and Smart Finance, to simplify saving and provide flexible financing while adhering to Islamic banking principles. Smart Saver helps customers build savings automatically through round-ups and recurring transfers, offering com...
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Sumerge at Money 20/20: AI's Impact on Finance
Sumerge showcased its expertise in AI for finance at Money 20/20 Middle East, offering insights on technological transformation through panel discussions and consultations. During a panel on AI regulation, CTO Mohamed Nour highlighted the importance of balancing innovation with trust, focusing on...
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Japan Launches First Yen-Backed Stablecoin From National Savings
Japan has launched its first yen-backed stablecoin by JPYC, fully convertible and supported by national savings and government bonds, integrating blockchain into mainstream finance. The stablecoin is designed for daily use, cross-border transfers, and trade, maintaining a 1:1 value with the yen a...
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ADX Launches Middle East's First Quantum Computing ETF
The Abu Dhabi Securities Exchange (ADX) has launched the Middle East's first quantum computing ETF, trading as QUANTM, to broaden regional access to global leaders in this transformative technology. This ETF tracks a specialized index and offers exposure to major tech companies like Alphabet, Ama...
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Bybit Wins First UAE Crypto License from Regulator
Bybit has become the first cryptocurrency exchange to receive a full Virtual Asset Platform Operator License from the UAE Securities and Commodities Authority, enabling it to offer compliant services in the UAE market. This license reflects Bybit's commitment to high standards of security, compli...
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Cloudflare's 'NET Dollar' Fuels New AI Internet Business Models
Cloudflare is launching a U.S. dollar-backed stablecoin called NET Dollar to enable fast, secure transactions for the agentic web and support a new Internet economy that rewards originality. The stablecoin is designed to handle microtransactions and automated payments at scale, allowing AI agents...
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MoneyHash & Moyasar Forge Strategic Saudi Partnership
MoneyHash, a payment orchestration platform, has partnered with Saudi fintech firm Moyasar to enhance Saudi Arabia's digital payment infrastructure and support its financial modernization goals. The collaboration combines MoneyHash's payment orchestration expertise with Moyasar's local market kno...
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The Great Banking Collision: DeFi Meets Mainstream
Decentralized finance (DeFi) and traditional banking are converging, reshaping financial services through blockchain technology and smart contracts, offering speed, affordability, and global access. This integration challenges traditional banking by eliminating intermediaries, prompting banks to ...
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12 Investors Predict Climate Tech's 2026 Future
Climate tech investment remained resilient in 2024, defying downturn predictions due to the urgency of the climate crisis and the improved cost-effectiveness of clean technologies over fossil fuels. Data centers are the dominant energy focus, with the 2026 conversation expected to shift from shee...
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