Arab Financial Services and Lune Technologies partner to enhance financial data services, offering advanced analytics and data enrichment to improve decision-making and user experiences in the financial sector.
Kuwaiti FinTech Kem has secured a $3 million investment from digital asset leader Tether to enhance P2P payments in the Gulf. The funds will drive the regional adoption of USD₮ and expand Kem’s real-time payment services, supporting economic stability in the Middle East and reflecting a growing trend towards digital financial frameworks.
Gulf Bank has introduced the “WAMD” service, allowing customers to transfer money quickly and securely using a phone number via the bank’s mobile app. This new feature, implemented by KNET under the Central Bank of Kuwait’s supervision, enhances Gulf Bank’s digital services, making banking more convenient and accessible for its customers.
ICAEW and UAE Banks Federation have partnered to guide companies through the UAE’s evolving digital assets landscape, with a focus on Central Bank Digital Currencies (CBDCs). The collaboration emphasizes the UAE’s leadership in financial innovation, the importance of cybersecurity, and the need for standardized accounting practices to ensure secure, compliant digital integration.
