In line with its aim to be among the world’s top 10 central banks, the UAE Central Bank (CBUAE) has set its priorities for 2023-2026, including the launch of a digital currency.
Finance and Policy ME
UAE’s aggressive digital strategies and policies has put the country in the fifth position in the Global Cybersecurity Index (GCI) 2020, released by the International Telecommunication Union (ITU), the United Nations specialised agency for information and communication technologies.
Abu Dhabi Islamic Bank (ADIB) partnered with Visa to introduce the UAE’s first biometric authentication solution for e-commerce transactions. This solution leverages the Visa Consumer Authentication Service (VCAS) to deliver an improved customer experience and boost data security.
Commercial Bank of Dubai has become the first banks in the region to use robo-advisory investment solution by launching the “CBD Investr app.” Developed in partnership with InvestSuite, a leading wealthtech company based in Belgium, this innovative investment app is powered by smart algorithms that actively manage investment portfolios to deliver optimal risk-adjusted performance.
Saudi Payments, under the supervision of the Saudi Central Bank (SAMA), announced the launch of Saudi Arabia’s instant payments system ‘sarie’ in cooperation with IBM and Mastercard.
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