Managers of Wealth Middle East -Wealth, private banking and asset management news and opinion

Elliptic expanding into UAE with new regional headquarters

Strategic Expansion Highlights UAE’s Growing Leadership in Digital Asset Regulation and Elliptic’s Industry-Leading Risk Management Technologies

Saudi Arabia targets 535 fintech firms by 2030: How technology is changing Kingdom’s finance sector

Saudi Arabia is looking to fintech sector as an avenue of growth for Kingdom economy

Wolters Kluwer expands global footprint with new UAE TeamCloud hosting data center

New data center is empowering organizations in the Middle East with enhanced security, compliance, and flexibility

National Bank of Bahrain Launches First Bitcoin Fund for GCC

Bahrain attracts digital asset firms like Binance and Crypto.com by fostering a crypto-friendly environment with clear regulations.

Backbase unveils Intelligence Fabric to unlock AI-productivity gains for banks

The expansion of the Engagement Banking Platform includes a powerful set of natively embedded data/AI capabilities.

Qatar digital assets regulation framework to accelerate fintech innovation

The process of converting these rights into digital tokens, known as tokenisation, allows for the ‘fractionalisation’ of assets, allowing property rights to be divided into smaller parts and represented by tokens.

Saudi-based Alinma Bank and Dell Technologies collaborate to enhance financial services innovation

Through data center transformation

FinTech tops MENA’s total funding of $328m in September 2024

FinTech, eCommerce, and property technology (PropTech) remain top sectors for investors in the UAE.

How AI is transforming the banking industry and leading the fight against fraud

Banks in Saudi Arabia and the UAE are adopting AI-driven programs to help improve accuracy, efficiency, and security

WizzFinancial appoints Samir Vidhate as CEO of Xpress Money

Samir Vidhate brings over two decades of experience in the cross-border payments and financial services industry

QNB becomes first bank to launch updated version of Visa Click to Pay service

Through Click to Pay, merchants are able offer a faster and more convenient payment using unified checkout process

Saudi Awwal Bank partners Singapore’s PayerMax for digital payment enhancement

This effort is part of SAB’s broader strategy

Fawry’s BNPL business reaches EGP 1bln in total disbursements since inception

This underscores the company’s ability in expanding reach and influence of the "Buy Now, Pay Later" service among consumers

Mastercard and Amazon Payment Service join forces in Middle East and Africa

Mastercard and Amazon Payment Services have signed a multi-year commercial partnership agreement to digitize payment acceptance in Middle East and Africa

How an AI-driven platform is bridging linguistic and cultural gaps in content creation

New platform combines the power of AI and human expertise to offer accurate, culturally nuanced content in different dialects

Revolut bags investment from UAE sovereign fund

Revolut has also started to apply for banking licences in the Middle East in recent weeks.

Mubadala acquires stake in Revolut

The company was seeking to expand its suite of services and revenues outside of Europe while serving the meets, demands, and preferences of clients and customers.

Ras Al Khaimah Transport Authority wins Middle East Technology Excellence Awards 2024

It has launched several initiatives to impact the transportation industry with technological capabilities, ensuring organisational success.

CGC launches a platform for information exchange with banks

Provides real-time portfolio analysis services

Qatar leading the way in AI driven revolution in construction

These innovations aim to provide users with sophisticated tools, similar to ChatGPT, to assist in journey planning and decision-making.