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World’s Largest Metaverse Developer Opens Dubai Office

LandVault, the largest metaverse creator, is expanding its presence into the MENA region.

Published

2 years ago

February 8, 2023

world's largest metaverse developer opens dubai office

LandVault, the world’s largest metaverse developer, will expand operations to Dubai later this month as part of an ongoing strategy to boost its presence in the MENA region. The company aims to help local businesses gain a foothold in the expanding web 3.0 universe and sees exciting opportunities to bolster its client portfolio.

So far, metaverse developer LandVault has lived up to its name, creating and curating over 100 square feet of virtual space for a diverse range of organizations, including Mastercard, Standard Chartered, World of Women, Hershey’s, and many more.

The Dubai government’s Metaverse Strategy is one of the key reasons LandVault has been inspired to move to the region, as leaders plan to transform the Emirate into one of the world’s top 10 metaverse economies by 2030. Eventually, it’s hoped that in excess of 1,000 companies in the blockchain and web 3.0 spaces will be inspired to set up entities in the region, creating around 40,000 new jobs in the process.

Also Read: Best Music Streaming Services In The Middle East

“We are excited to open our office in Dubai and to be a part of the vibrant tech community in the UAE. The MENA region is a key market for us, and we believe that our presence in Dubai will allow us to assist the region and explore new opportunities. We are also excited about the potential for the metaverse in the real estate industry in the UAE. We look forward to working with developers and real estate companies to showcase their properties in a new and innovative way,” says Sam Huber, CEO of LandVault.

Alongside developing the metaverse from its new Dubai office, LandVault will also deploy its technology to assist the UAE’s real estate sector. Developers will soon be able to showcase their projects in a way that was never previously possible, reaching a much wider audience with immersive and interactive property tours and even virtual showrooms.

Related Topics:Blockchain Dubai Metaverse Web3

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Fintech Galaxy Gains Approval To Pilot Open Banking In Jordan

The Central Bank has given the go-ahead to test fintech services through JoRegBox — Jordan’s regulatory sandbox for fintech innovation.

Published

2 days ago

January 31, 2025

Nour Nasir

fintech galaxy gains approval to pilot open banking in jordan

Fintech Galaxy has secured approval from the Central Bank of Jordan (CBJ) to join JoRegBox, the country’s regulatory sandbox for fintech innovation. The green light allows the company to test and implement Open Banking services within a controlled, real-world setting, and makes Fintech Galaxy the first Open Banking provider to gain regulatory backing in Jordan.

This move aligns with CBJ’s long term vision for financial innovation, introduced in August 2023 as part of the Economic Modernization Vision (2023–2025). The program’s purpose is to establish Jordan as a fintech hub, attracting investment in high-tech financial solutions. JoRegBox provides a supervised testing environment for fintech firms, in a bid to foster widespread financial inclusion and build more consumer-centric financial services.

Riyadh Al Zamil, Chairman of Fintech Galaxy’s Board of Directors, expressed his enthusiasm: “We are proud and honored to receive the Central Bank of Jordan’s approval to test and introduce Open Banking services to the country through the JoRegBox regulatory sandbox. This milestone underscores our commitment to fostering financial inclusion, enabling innovation, and empowering Jordan’s economy through Open Banking”.

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Mirna Sleiman, Founder and CEO of Fintech Galaxy, echoed the sentiment: “The Central Bank of Jordan’s approval is a testament to our shared vision of fostering innovation and inclusivity in the financial sector. By leveraging FINX Connect, we aim to empower financial institutions and third-party providers with data aggregation and payment initiation services, ultimately improving the lives of consumers across Jordan”.

Open Banking services allow banks and payment providers to share customer data securely with third-party providers (with their prior consent). Fintech Galaxy’s FINX Connect platform enables real-time bank account data aggregation and payment initiation, enhancing customer access to personalized financial services and simplifying payment processing.

To support its expansion, Fintech Galaxy has raised $9 million for platform development and market growth. The Jordanian arm, led by Zaid Khatib, will integrate with banks and financial institutions country-wide, focusing on Personal Finance Management (PFM) and Business Finance Management (BFM) applications.