Presented by 10 Leaves

In this episode, we cover everything you need to know about setting up an asset management firm in DIFC — from updated capital rules and licensing steps to staffing, costs, and managing crypto assets under DFSA guidelines.

Perfect for startup founders, solo bankers, or institutions exploring the Middle East market — tune in for a clear, concise roadmap to getting licensed in DIFC.

The UAE Retail Payment Services and Card Schemes (RPSCS) Regulation, introduced by the Central Bank of the United Arab Emirates (CBUAE) in July 2021, marked a significant milestone in the country's digital payment landscape. This comprehensive guide will explore the key aspects of the RPSCS license, its requirements, and its impact on the UAE's financial sector.

The RPSCS regulation came into force on 15th July, 2021, with a one-year transitional period for existing payment service providers and card schemes to obtain the relevant licenses. This new regulatory framework aims to enhance the safety, soundness, and efficiency of retail payment services while promoting innovation and establishing the UAE as a leading payment hub.

AI brings with it unprecedented opportunities in transforming the financial services industry, but also unprecedented challenges in regulating it. Finding a balance is going to be increasingly difficult in a technology that changes in days, not years.

This discussion is on a report that outlines key insights on consumer-facing AI and its implications for global financial innovation, based on the Global Financial Innovation Network (GFIN) AI Project, co-led by the UK Financial Conduct Authority (FCA) and the Dubai Financial Services Authority (DFSA).