News Centre

DIFC: 20 Innovative Tech Solution Pilots Emerge From Second FinTech Hive Accelerator Programme

Date 27/11/2018

• Second cohort completes MEASA’s largest FinTech accelerator programme
• 23 start-ups from across 14 countries present concepts and solutions toover 350 investors and partners at second FinTech Hive Investor Day, and in the presence of His Excellency Essa Kazim, Governor of DIFC
• AED 10 million expansion of FinTech Hive workspace announced
• Report launched highlighting substantial growth of FinTech in Middle East and Africa

Integral Announces Strategic $15m Investment From Morgan Stanley

Date 27/11/2018

Integral (www.integral.com), the technology partner trusted by leading banks, brokers, and asset managers to help them outperform their competition in the foreign exchange market, announced today that Morgan Stanley Expansion Capital has made a $15M investment in the company. This investment by Morgan Stanley enables Integral to continue its growth of its market leading FX technology platform across a broader set of banks, brokers, and asset managers.

Bank Of England: Minutes Of The Meeting Of The Court Of Directors Held On 21 September 2018

Date 27/11/2018

The Bank's Court of Directors acts as a unitary board, setting the organisation's strategy and budget and taking key decisions on resourcing and appointments. Required to meet a minimum seven times per year, it has five executive members from the Bank and up to nine non-executive members.

UAE's Securities And Commodities Authority Board, Under Chairmanship Of H.E. Sultan Al Mansoori, Issues A Directive To Draft Crowdfunding Regulations

Date 27/11/2018

• Amendments are introduced to the regulations concerning issuing and offering shares of public joint-stock companies to incorporate a mechanism for calculating share premium and to regulate the issuing of shares at discount
• The board approves SCA's plan of priorities up until 2021 and reviews a financial analysis report on listed companies and on ADX and DFM sectors for the third quarter of 2018

Shanghai And Singapore Set To Strengthen Financial Linkages

Date 27/11/2018

The Monetary Authority of Singapore (MAS) and Shanghai Municipal Financial Regulatory Bureau (SFRB)1 announced today key areas for closer financial cooperation between Singapore and Shanghai.  These areas include financing Belt and Road Initiative projects, facilitating international investments into China’s capital markets, and creating an ecosystem for collaboration between financial institutions and FinTech firms.

National Settlement Depository And ARQA Technologies Complete Integration Of Mutual Fund Distribution Platform With QUIK

Date 27/11/2018

National Settlement Depository (NSD), Russia’s central securities depository, and ARQA Technologies have successfully completed the process of integration of NSD’s centralized system for record keeping of mutual fund units (Mutual Fund Distribution Platform) with QUIK software (electronic trading system), allowing investors to conduct transactions with mutual fund units on the primary market. Currently, 20 market participants are connected to the Mutual Fund Distribution Platform.

Spar Nord Bank AS Selects AxiomSL’s Strategic Platform To Meet COREP And IRB Requirements

Date 27/11/2018

AxiomSL, the leading provider of regulatory reporting, risk and data management solutions, announces today that Spar Nord Bank AS, headquartered in Denmark, has chosen AxiomSL’s strategic platform to meet Common Reporting Framework (COREP) and Internal Ratings Based (IRB) requirements in Denmark.

Daman Securities Joins Nasdaq Dubai As Member To Trade Equity Derivatives - Leading Brokerage Can Now Enable Clients To Make Gains Using Futures Whether Share Prices Rise Or Fall

Date 27/11/2018

Daman Securities, one of the UAE’s most prominent brokerages, has joined Nasdaq Dubai as a Member to trade equity derivatives. The move enables clients of Daman Securities to make gains whether share prices rise or fall, by trading futures on the exchange.

UAE’s Securities And Commodities Authority, The Dubai Financial Services Authority And The ADGM’s Financial Services Regulatory Authority Reach Agreement On The Licensing And Promotion Of Investment Funds

Date 27/11/2018

The Securities and Commodities Authority (“SCA”), the Dubai Financial Services Authority (“DFSA”) of the Dubai International Financial Centre (“DIFC”) and the Financial Services Regulatory Authority (“FSRA”) of the Abu Dhabi Global Market (“ADGM”) announced today that they had reached agreement on facilitating the licensing of domestic funds by each authority for promotion across the UAE.

BSO Launches Global Access To AWS Direct Connect Cloud Service - BSO High-Performance Private Cloud Infrastructure Connects With Global Public Cloud

Date 27/11/2018

BSO, the award-winning Ethernet network, cloud and hosting provider, is pleased to announce the launch of its official partnership with Amazon Web Services (AWS).