Global Alternative Finance Market reached $145bn in 2015

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CLEO, the first trading platform built specifically for crypto and CFD prop firm traders, has integrated with Gold-i’s MatrixNET liquidity management and distribution platform, providing a market leading offering for prop firms, from infrastructure through to interface.

GCC Exchange, a leading name in remittance and foreign exchange services across the region, has announced a strategic partnership with Abhi Middle East Limited, one of the MENAP region’s neobanks of the future and SME-lending fintech, backed by Hub71 and Abu Dhabi Investment Office. This collaboration is designed to enable UAE-based workers with real-time access to their earned wages, alongside efficient and reliable cross-border remittance services.

Tether, the largest company in the digital asset ecosystem, announced today a strategic collaboration with Drift Protocol and partners to support user recovery and relaunch the Drift platform following its April 1 exploit, which resulted in approximately $285 million in user losses.

Narmi, a leading digital banking platform provider for banks and credit unions, today announced that CTBC Bank USA has selected Narmi to support the bank's future digital banking initiatives.

Tabby has been granted a Stored Value Facilities (SVF) licence by the Central Bank of the UAE (CBUAE), authorising the company to hold customer funds and introduce a new suite of financial products, including spending accounts, cards and money management tools.