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Neobanks are Making Inroads in the United Arab Emirates with Fintech Adoption Rising in MENA: Report

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 Arabia , United Arab Emirates , Arab Monetary Fund , Modern Financial Technologies , General Index , Commercial Bank , Know Money , சவுதி அரேபியா , ஒன்றுபட்டது அரபு அமீரகங்கள் , அரபு பண நிதி , நவீன நிதி தொழில்நுட்பங்கள் , ஜநரல் குறியீட்டு , வணிகரீதியானது வங்கி , இப்போது பணம் ,

Arab Monetary Fund Releases Fintech Index, a Measure of Financial Tech Adoption in Middle East

Arab Monetary Fund Releases Fintech Index, a Measure of Financial Tech Adoption in Middle East
The
Arab Monetary Fund, which aims to establish policies of Arab monetary cooperation and promote the development of Arab financial markets, has launched “Finxar,” which is a regional Fintech index for tracking the development of the financial technology industry in Arab nations.
The
United Arab Emirates (UAE) is at the top of the list of Arab countries in the general index, “with an average of 75 percent,” according to a release.
As explained in the announcement, the index aims to reflect the “interest” and “efforts” of the Arab authorities during the past year towards “improving opportunities for the growth and employment of financial technologies and the improvement of the digital financial services environment.” ....

Saudi Arabia , United Arab Emirates , Kingdom Of Saudi Arabia , Kingdom Of Bahrain , Republic Of Tunisia , Arab Republic Of Egypt , Abdulrahmana Al Hamidy , Arab Monetary Fund , Arab Day , Financial Inclusion , Modern Financial Technologies , Arab Countries , General Index , Arab Republic , Director General , சவுதி அரேபியா , ஒன்றுபட்டது அரபு அமீரகங்கள் , கிஂக்டம் ஆஃப் சவுதி அரேபியா , கிஂக்டம் ஆஃப் பஹ்ரைன் , குடியரசு ஆஃப் துனிசியா , அரபு குடியரசு ஆஃப் எகிப்து , அரபு பண நிதி , அரபு நாள் , நிதி சேர்த்தல் , நவீன நிதி தொழில்நுட்பங்கள் , அரபு நாடுகள் ,