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

BKN301 Group responds to growing demand for secure payment solutions with new strategic vision

Aiming for a digital future

UAE’s RAKBANK teams up with Bitpanda on digital asset platform for residents

The new digital asset management platform still requires the approval of the Central Bank of the United Arab Emirates.

Riyadh-based FinTech platform Tweeq raises a seven-figure investment round, co-led by STV and Raed Ventures

The funding round follows on the heels of the company’s exclusive partnership with Mastercard and Paymentology

Arab Financial Services introduces Samsung Pay to Oman

Arab Financial Services, in partnership with Samsung Gulf Electronics, has introduced Samsung Pay to Oman, marking a significant milestone in the Sultanate's digital transformation journey.

National Bank of Fujairah digitises corporate banking operations with iGTB’s eMACH.ai

Launched last year, the platform enables financial institutions to create and deploy their own custom products using AI technology.

Sav secures Dubai license

This endorsement empowers us to streamline and innovate, bringing all financial solutions under one roof, enhancing how users interact with their money.

85% of GCC firms rank innovation as a top priority: BCG

This strong commitment to innovation reflects the region's ambition to lead the global knowledge economy

ICAEW and UAE Banks Federation join forces to guide firms in digital currency adoption

This initiative coincides with the UAE's advanced pilot of Central Bank Digital Currencies (CBDCs)

Egyptian lending marketplace Qardy secures pre-Seed investment

Qardy, the operator of a digital lending marketplace in Egypt and the Mena regions, has secured a $7-figure pre-Seed round of investment with participation from White Field Ventures and Vastly Valuable Ventures.

India and the UAE lead globally in adoption of AI and Gen AI

The AI investment can be seen across most industries.

Finastra and Tech Mahindra sign strategic partnership to accelerate digital transformation for corporate banks

Tech Mahindra will become Finastra's exclusive global implementation partner for its Cash Management platform

UAE’s myZoi launches financially inclusive digital wallet with “one-to-many” transfer capabilities

The start-up’s ongoing commitment to financial inclusion and literacy is further supported by an interactive gamified financial education programme called MoneyTips

Central Bank Approves One Bank, Egypt’s First Native Digital Bank

This digital-only approach is expected to reduce banking fees, as it eliminates the need for physical branches and associated infrastructure costs.

Ooredoo Kuwait Group reported a 9% increase in revenue to KWD 346mln in H1 2024

Earnings per share of 50 fils

New technologies an opportunity and risk for internal audit

A new report from KPMG explores how technology is re-shaping the way how organizations can organize and run their internal audit function

Tech Imprints: How the UAE is approaching data protection

They discuss the significant changes introduced by the new federal data protection law, its impact on organizations managing personal data, and the future of data protection in the region.

Egyptian fintech Dopay raises a $13.5M Series A extension round to boost offerings and accelerate expansion

The fintech plans to leverage the new funding to accelerate its rapid expansion in its initial market

KPMG publishes playbook on how AI can drive functional transformation

To help businesses overcome this barrier and tap into the potential of AI

Omnix International launches conversational AI-as-a-Service

Omnix’s latest offering accelerates AI deployment, cuts costs, and enhances customer interaction across diverse sectors.

UAE’s Artificial Intelligence Office, Mastercard and First Abu Dhabi Bank launch joint AI Challenge

The competition will culminate in a pitch day, where finalists will be assessed by a panel of experts from the three partners.