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

Mashreq Bank rolls out Samsung Pay

By enabling Samsung Pay for Mashreq debit and credit cards via Snapp, customers can easily add their cards to Samsung Pay from Mashreq’s mobile banking app without having to scan and enter card details.

The rise of robo-advisers in the UAE

Low-cost investment platforms targeting younger professionals make it easier for UAE residents to save

Mashreq enables Samsung Pay transactions

Service allows customers to instantly add their credit cards to Samsung Pay via Snapp, enabling them to make easy, fast and secure payments

Traditional wealth managers set to lose market share to robo-advisors, says GlobalData

In previous years, traditional wealth managers across the globe had a widespread level of agreement that robo-advice would seize market share.

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.

FinTech