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Neobanks are Making Inroads in the United Arab Emirates with Fintech Adoption Rising in MENA: Report The FinxAr). The index aims to provide insights on the ongoing developments in the MENA region‘s Fintech sector as well as the adoption of digital financial services in Arab nations during the period (2018-2020). As explained in a new report, the annual index aims to identify the “efforts of Arab countries in enabling and promoting Fintech adoption.” The UAE leads the Arab nations in the General Index, achieving “an average of 75%.” As stated in the report, the general index for Fintech in the Arab region (FinxAr) includes six primary indices that represent the key pillars of the MENA region Fintech ecosystem – which includes policies as well as legislation, “the demand side, access to finance, financial markets infrastructure, talent development to support innovations, and finally collaboration and partnerships.”

Saudi arabiaUnited arab emiratesArab monetary fundModern financial technologiesGeneral indexCommercial bankKnow moneyசவுதி அரேபியாஒன்றுபட்டது அரபு அமீரகங்கள்அரபு பண நிதிநவீன நிதி தொழில்நுட்பங்கள்ஜநரல் குறியீட்டுவணிகரீதியானது வங்கிஇப்போது பணம்