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Unlocking Potential: GCC FinTech Trends, Regulations and Funding Outlook

Retrieved on: 2024-04-16 16:44:21

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Summary

The article discusses how the GCC region, especially UAE and Saudi Arabia, is becoming a hotbed for FinTech innovation with trends like BNPL, open banking, and digital payments. Regulatory changes facilitate this growth by balancing innovation and financial stability, with targeted laws in places like Dubai International Financial Centre and regulatory sandboxes. Moreover, new funding opportunities arise for FinTechs, such as receivables-backed financing, indicating a shift in market trends towards embracing financial technologies.

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