UAE banks have never spent more on innovation, and rarely had less to show for it in production. That is the uncomfortable conclusion of The Innovation Trust Gap, a new whitepaper from VerityX examining why bank-fintech engagement across the Emirates keeps stalling between prototype and deployment, and what a regulator-aligned alternative looks like. The headline […]
Explore MoreEquiti Group has renewed and expanded its sponsorship of Al Wahda FC, securing front-of-shirt placement on the Abu Dhabi club’s first-team, reserve and goalkeeper kits for the 2026-27 season. The Equiti logo will appear alongside Lead Development, a leading Abu Dhabi property developer, on the club’s matchday and training kit. The upgrade from a previous […]
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Premium card propositions were long built on points, cashback and lounge access. Issuers now have to compete on something harder to copy, and Mastercard is betting that the answer is curated experiences that travel with the cardholder. Ben Gilbey, SVP, consumer products & processing, Asia Pacific, Mastercard In August the network opened Asia Pacific’s first […]
Explore Moreether.fi entered into a three-way infrastructure partnership with decentralised lending protocol Aave and layer-2 network Optimism to expand the borrowing capacity underpinning its ether.fi Cash Visa card. The company says it will deploy a dedicated Aave V4 lending instance on Optimism’s OP Mainnet, targeting $500 million in lending capacity by 2027, up from approximately $22 […]
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Zilch has launched what it describes as its most significant product expansion since the company was founded in 2019, introducing two paid membership tiers alongside a longer-term instalment option and an open banking salary advance feature. The London-based payments platform is rolling out Zilch Extra, priced at £2.99 a month, and Zilch Plus at £3.99 […]
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Jordan Kuwait Bank (JKB) Group has reported a net profit of JOD 57.6 million (approximately USD 81.4 million) for the first six months of 2026, underpinned by a balance sheet that the bank says reflects disciplined risk management and continued investment in digital infrastructure. Total assets stood at JOD 5.359 billion (USD 7.56 billion) at […]
Explore MoreThe Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM) has signed a memorandum of understanding with the General Commercial Gaming Regulatory Authority (GCGRA), the UAE’s federal body responsible for licensing and supervising commercial gaming activities. The agreement, announced on 14 August 2026, establishes a formal framework for information sharing, supervisory coordination and policy […]
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Mal, an Abu Dhabi-based fintech founded in 2025 by Emirati entrepreneur Abdallah Abu-Sheikh, has disclosed a US$230 million seed round that it describes as the largest publicly announced fintech seed investment in the Middle East and Africa. The company has also received in-principle approval from the Central Bank of the UAE to establish a licensed […]
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OBOOK Holdings (NASDAQ: OWLS), the Taiwan-headquartered fintech operating globally under the OwlTing brand, has released preliminary unaudited revenue for the first half of 2026 and an operating update for OwlPay Harbor, its digital currency-based cross-border enterprise payments platform. The results land ahead of a full unaudited earnings release scheduled for 21 August 2026. The numbers […]
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Creditspring, the London-based subscription credit provider, has secured FCA permission to operate as a credit broker, allowing it to refer eligible members to carefully selected third-party lenders when its own products are not the most suitable option. The announcement was made on 13 August 2026. Neil Kadagathur, CEO of Creditspring The new permission shifts Creditspring’s […]
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