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

KPMG financial services experts on the Middle East's fintech scene

The development of global fintech funding across merger & acquisition, private equity and venture capital deals was a story of two tales in 2020.

Emirates NBD aims to boost contactless adoption with prize draws

“Following the significant rise in contactless payment volumes in the pandemic, we believe more than ever that the future of payments lies in contactless payment methods,”

Retailers prepare for record online sales during Ramadan

A significant driving force in this steady uptick amid challenging conditions is the rapid shift to online consumption in the Middle East

Israeli regtech AML firm ‘considers public listing’ ahead of expected AI boom

London, Tel Aviv and Australian exchanges have approached ThetaRay about listing, which is also interested in the Nasdaq, Gazit reportedly said.

Challenger Banks in the Middle East: For The Digitally Savvy

The GCC has some of the worlds highest usage of mobile phones, where it is estimated that by the end of 2019 nearly 280 million people in the MENA region (45% of the population) were connected to the internet.

Saudi expansion in focus for Paymob after record Egypt fundraise

The Cairo-based firm, which provides mobile wallet products for companies including banks and phone operators and also helps process retail payments

Egypt's Paymob scoops $18.5 million in new funding

The company says it will use the funds to grow its merchant network and fuel its regional expansion efforts.

Bahrain's Bet On Fintech

Bahrain aims to make itself both a fintech incubator and a destination for providers based elsewhere to develop and launch their solutions.

UAE digital payments firm eyes Saudi Arabia expansion in 2021

According to its latest annual report for 2020, the company is planning to spend $20 million financing its expansion into the Saudi market.

NOW Money raises $7m in capital for Gulf digital expansion

The UAE-based fintech provides banking solutions for low-paid migrant workers

SH Capital selects FinIQ as digital trading platform

FIConnect is an online order execution tool for a wide range of simple to complex fixed income securities via the world’s largest supplier network including buyside, sellside and direct order workflows.

QFTH receives more than 500 applications from fintechs to join Wave 2 of its Incubator and Accelerator Programmes

The applicants were from 58 countries as USA, India, Singapore, Nigeria, Russia, Hong Kong, UK, Turkey, and Qatar.

UAE banks need to innovate customer service, back-end functions and governance to remain competitive

Digitalization will be a pivotal factor in ensuring operational resilience during uncertain times according to latest KPMG UAE banking perspectives report

Egyptian startup Koinz bags $4.8 million in seed round

Through a reward system for walk-ins, take outs and online orders that can only be redeemed via an app – Koinz brings offline customers online, topped off with real-time customer insights.

UAE fintech NOW Money secures $7mln to expand digital banking solution

The cash injection will initially be used to drive NOW Money in Saudi Arabia

GCC workers optimistic and ready to build digital skills

The underlying realisation is that a large share of modern tasks can actually be performed virtually.

Egypt's central bank celebrates winners of “FinYology – FinTech for Youth” Initiative

The initiative was launched in February 2020, with the objective of fostering young talents and inspire university students of different related majors to conduct FinTech Projects and innovative solutions.

KFH First Kuwaiti Bank to launch digital signature for personal financing transactions

Enabling customer to complete financing request anywhere and any time

Post-Covid-19 world brings new risks for FinTechs in UAE

“The survey results reflect the uncertain times, globally,” said Várri

SAP reveals winners of its Middle East partner excellence awards

“Partners help SAP customers with adopting innovation easily, gaining results rapidly, growing sustainably and optimising their solutions.”