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Saudi licenses new robo advisor

The Capital Market Authority of Saudi Arabia has granted DFN Road Company a financial technology experimental permit (ExPermit) to experiment with robo-advisory service. The...

FWD Affiliate to include online plans

As at the end of October 2020, FWD Affiliate, an initiative by Malaysia's FWD Takaful to raise public awareness of Takaful while offering an...

GFIN to launch cross-border testing of financial products

The Global Financial Innovation Network (GFIN) is inviting firms to participate in testing innovative financial products, services, business models and regulatory technology across five...

MCB Islamic Bank collaborates with NIFT

MCB Islamic Bank has partnered with National Institutional Facilitation Technologies (NIFT) to promote digital payments in Pakistan through the latter’s payment gateway services NIFT...

Aman Bank launches virtual assistant

Aman Bank has launched its virtual assistant and chatbot customer service driven by Oracle Financial Services’s artificial intelligence, a LinkedIn post said. The bank...

ADIB launches Emirati chatbot

Abu Dhabi Islamic Bank (ADIB) has launched ADIB Chat Banking, a chatbot service available in Arabic, English and the Emirati Arabic dialect. The service...

Bank Indonesia launches chatbot

Bank Indonesia (BI) has launched its chabot named LISA which can be contacted through the WhatsApp, Line Messenger and Facebook Messenger applications, according to...

Ripple opens office in DIFC

Ripple, a US-based fintech firm with Islamic solutions, has opened a regional office at the Dubai International Financial Centre (DIFC). “Ripple already has a significant client...

Subscription for blockchain Sukuk opens

The private subscription for Indonesia’s sophomore blockchain Sukuk issued using Blossom Finance’s SmartSukuk platform has been opened, IFN has learned. The Sukuk will first...

DFSA opens applications for regulatory sandbox

The Dubai Financial Services Authority (DFSA) has opened applications for local and international firms wishing to join the winter 2021 cohort of its regulatory...

Mutual Trust upgrades Islamic banking digital infrastructure

Mutual Trust Bank will be upgrading the digital infrastructure of its Islamic banking business with the Ababil Islamic core banking system by Millennium Information...

ADIB-Egypt launches BEAT

Abu Dhabi Islamic Bank-Egypt (ADIB-Egypt) has launched BEAT, a wrist-wearable device for contactless electronic payments, according to its website.

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