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Deep Dive: Why The Pandemic Is Pushing MENA Regulators To Upgrade Open Banking, Privacy Laws

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Financial authorities and lawmakers in Abu Dhabi, Saudi Arabia and the United Arab Emirates (UAE) quickly followed Dubai’s lead as consumers and merchants headed online. MENA nations’ original rules involved data privacy, but they were focused on developing the open banking ecosystem and allowing information to move freely.

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Payment Firm Moneycorp Acquires Australia’s Rochford Group

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Brazil, Gibraltar, Ireland, Spain, UAE, Romania, France and more. The companies did not disclose the price tag of the deal, but moneycorp did say it would pay 20 percent using cash on hand. In addition to Hong Kong and Australia, moneycorp has operations in upwards of 20 locations around the globe, including the U.K.,

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Smart Glasses Firm Vuzix Launches AI-Powered Facial Recognition

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The glasses don’t tag and store new faces. The smart glasses are in use in the UAE for “security operations,” and there are about 50 in circulation currently. It can store a database of 1 million faces without needing to be connected to the cloud.

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ToneTag CEO Sounds Off On Payments At The Speed Of Sound

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FinTech firm ToneTag said earlier this month that it has linked with First Abu Dhabi Bank, the largest bank in the United Arab Emirates (UAE). The latter will deploy sound-based contactless payments. While QR code scanning requires a working phone camera, NFC [hardware] works only on smartphones,” he said.

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Revving The Engine For Digital Licenses

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As we broaden out,” Boston said, “we start talking about being able to do bridge tolls,” enabled by RFID tags already in the plates, and being able to interface with parking meters. The company recently raised $11.1 million in financing. “As The ability to expand internationally,” he said, “is basically sealed.”.