Robot Advisors are accelerating steadily in the MENA Region
New research for behavioral finance experts at Oxford has found that the wealth managers in the MENA region are anticipating strong growth in the number of Robo advisers and digital wealth managers which may go up to manage assets of around $290 billion. Oxford risk has been advising wealth advisors to implement technology to provide better services.
Financial Processes paved the way for the Digital transformation of Dubai
Due to the pandemic, there has been an acute shift towards digitization and embracing new technologies to keep the business operating efficiently. The world is facing a lot of threats as well but that does not deter the new technologies from being implemented. Technologies such as e-signatures, digital identity verification, and authentication systems have completely revolutionized the usual functioning of financial institutions.
XT.com initiates weekly crypto meetups in the UAE
World’s first social-infused exchange, XT.com initiates the weekly crypto meetings that would invite investors, venture capitalists, and crypto enthusiasts from all over the world to promote awareness about cryptocurrency, blockchain technology, NFTs, metaverse, and other fintech technologies. It also provides opportunities for peer leaders to connect.
Huobi Group receives DIFC Innovation License from Dubai’s Regulator
A global blockchain asset financial service provider, Huobi Group announced that it has received a DIFC Innovation License in Dubai which aims at providing benefits for a better ecosystem and technology research and developments, capital repatriation, and taxes. This license is usually provided to all innovative technology companies in Dubai.
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