“As a result, CBUAE has issued [the] UAE’s first comprehensive financial consumer protection regulatory framework that defines the relationship between the financial and banking service providers and consumers in order to ensure the protection of financial consumers and continued confidence in the sector.”
The new measures are designed to improve the quality of information provided by financial institutions about products and services, as well as offering a more effective and efficient way of settling disputes, the regulator said.
This includes a requirement for banks and financial institutions to put in place an independent and fair complaint resolution system to receive and address consumer complaints, it added.
While we re still crossing our fingers for another
Enola Holmes movie, fans all over the world have slowly fallen in love with the beloved book series that started it all. Although readers might have thought they had to say goodbye to our favorite detective after the last book was published in 2010, Nancy Springer is giving us a big surprise with a brand new
Enola Holmes novel!
Seventeen has the official cover reveal on
Enola Holmes and the Black Barouche, which returns to the iconic Enola Holmes universe as she continues to solve mysteries with her impressive skills. Cover designer Olga Grlic and illustrator Tara Phillips brings Enola to life in a brand new way with a fresh design to the series.
Stage: Series A
Investors: Arbor Ventures, Mubadala Capital, Wamda Capital, STV, Raed Ventures, Global Founders Capital, JIMCO, Global Ventures, Venture Souq, Outliers VC, MSA Capital, HOF and AB Accelerator.
The launch of Tabby, an e-commerce start-up that offers the buy now pay later model, came at a fortuitous time – just before the coronavirus pandemic was beginning to spread around the world.
The company, which works on the layaway model that was pioneered by struggling retailers during the Great Depression, soon found a booming market after the pandemic affected consumer credit and drove people to shop more online.
The original layaway model was simple: customers who couldn’t afford to pay for merchandise in full could “lay it away” and pay for the item with a series of instalments, either weekly or monthly. Once it was paid off, they could take it home.