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

Beware: New scam in UAE targets jobseekers

The scammers offer hefty salaries for just clicking a link.

Objectway Delivers New Integrated Digital Front-End Solutions for BNY Mellon’s Pershing

Objectway has been working closely with Pershing since July 2017 to phase in all the required services.

Qatar National Bank selects iGTB plaform for digital growth plan

QNB's system is designed to make the lender more efficient and and able to handle large volumes of business

Dubai Financial Services Authority welcomes new sandbox cohort

A great variety of applications was received from firms wanting to be part of this latest cohort, launched in November 2018.

Central Bank of Kuwait modernizes Technology Platform

TCS BaNCS is unique in its functional range across core banking, Payments, Treasury, Bonds settlement and Clearing capabilities, consolidating a range of services into a single solution.

KFH goes live on RippleNet for money transfer service

Alhous: Service available now in SAR at Al-Rajhi Bank

Robots are not killing our jobs, says World Bank

The World Bank does not guarantee the accuracy of the data included in this work.

Citi's Israeli Innovation Ensures Bank Stays Ahead of Rivals

Executives who visit go back ‘wowed,’ Citi Israel CEO Neil Corney tells ‘Post.’

CEO of Saudi Arabia’s newest technology investment fund STV shoots for the moon

STV is looking for world-changing investment opportunities.

Mideast interest-free payment platform developed in Turkey

The MenaPay Payment Platform, which opens the door to digital transformation in the payment area in the Middle East, can easily provide user trust and system transparency thanks to the controllability of blockchain technology.

QNB revamps payments systems with Infosys Finacle

Finacle is part of EdgeVerve Systems, a subsidiary of Infosys, and its hub enables the bank to consolidate local payment systems QIPS, and QATCH in Qatar into a single platform.

Ripple remittance apps launch in Korea, Kuwait

Ripple has two major products xCurrent and xRapid.

Blockchain Technology Solutions For Cross Border Trade Makes Way To Saudi Economy

TradeLens is developed by tech giant IBM and Danish transport and logistics giant Maersk

Is Blockchain Halal? These Startups are Transforming Islamic Finance

The UAE-based Al Hilal Bank became the world’s first Islamic Bank to complete a sukuk transaction on the blockchain on the Abu Dhabi Global Market Financial center.

10 Takeaways from the Fintech Ecosystem Playbook

Three relevant examples are Switzerland with cryptocurrency and blockchain, Malaysia with Islamic banking, and Stockholm with payments, the report notes.

Ripple partner National Bank of Kuwait ties up with SWIFT’s global payments innovation

While the partnership with Ripple is aimed for instant transactions, the recent partnership with SWIFT’s gpi will allow customers to execute same day transfer and use of funds.

What’s New in FinTech

Related to that is a willingness and recognition that shared next-generation technology platforms can make a big difference within and across institutions to create network value.

Blockchain is making its way into Islamic finance

UAE-based Al Hilal Bank in November last year became the world’s first Islamic bank to execute a sukuk transaction via blockchain on the Abu Dhabi Global Market financial center.

Blockchain Cross-Border Payments Service Launched By National Bank Of Kuwait

The new blockchain-based service, called NBK Direct Remit, currently allows money transfers to Jordan and will soon add services to more countries.

Largest Bank in Kuwait Integrates with Ripple for blockchain Cross-Border Payments

This direct remittance is actually packaged to serve the Jordan area, it costs just KD 1 per transaction when transferring to NBK Jordan and KD 5 when transferring to other banks in Jordan.