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

Saudi Arabia and United Arab Emirates Will Release a Joint Cryptocurrency

The cooperation is currently ongoing, no specific dates as to when the development will be finished have not been released so far.

UAE Central Bank, Saudi Arabia to Develop Joint Cryptocurrency for Interbank Transactions

The Abu Dhabi Global Market also recently conducted a test of a blockchain-based Know Your Customer (KYC) system.

VIVA, StanChart launch Mastercard, fin services

Additionally, cardmembers will get access to more than 800 airport lounges around the world.

QDB launches initiative to achieve great strides in fintech

It was also a great opportunity for representatives from the banking and investment sector to explore technology breakthrough trends and to meet young and aggressive entrepreneurs and foster relationships with them, QDB further said.

Ripple Set To Conquer UAE’s Transfers From Q1 2019

Blockchain powered remittances are seen to be advantageous given the cheaper transaction costs and faster movement of transfers.

Bahrain Credit partners with Clayfin to digitalise retail banking

Clayfin focuses on providing digital banking experience solutions to the financial institutions. It caters to retail, corporate and SME banking businesses.

Mashreq Bank’s digital transformation journey continues, with Microsoft Modern Workplace solutions

As part of this phase of the journey, Mashreq has adopted Microsoft Surface devices and Microsoft 365 (Windows 10, Office 365 and Enterprise Mobility and Security) – a solution that brings together productivity and collaboration capabilities with de

First Abu Dhabi Bank goes live on Temenos T24 core system

FAB, which officially completed its merger on 1 April 2017, is the largest bank in the UAE and one of the largest in the MENA region, with total assets of over AED 670 billion ($180 billion).

KoreConX announces partnership with Middle East consultancy firm

In UAE, SMEs account for over 90 per cent of private enterprises and contribute to nearly 47% of Dubai's GDP and 52% of its workforce. It is therefore a top priority this sector has access to cutting-edge knowledge, technology and funding.

Commercial Bank continues to invest in technology to keep edge: Group CEO

I believe that the customer doesn’t care whether it’s a fintech company or it’s a bank

Bahrain Credit Signs 5-year Digital Banking Deal With Clayfin and Computer World

Clayfin will craft Digital Banking experiences for Bahrain Credit's Retail Business

Bank Aljazira launches Noor Innovation Program

It aims to foster the financial technology system in the Kingdom in order to make the country a leading center of financial technology

RENAC’s green banking programme launched for MENA

The agreement signed in Paris during the United Nations Climate Change Conference (COP21) is proof of the key role renewable energy and energy efficiency play in international climate change mitigation efforts.

Emirates shows off diamond-encrusted jumbo jet, confusing the internet

It called the plane the 'Bling 777' and credited the image to Ms Shakeel, but some Twitter users still believed the plane was real.

Token and Almoayed Technologies Partner to Deliver Open Banking Across MENA Region

Successful integrations in a sandbox environment have already demonstrated end-to-end value.

Turkey's digital banking listed among 'champions' in EMEA region

the report suggested banks in the EMEA markets could be broadly divided into four groups, namely digital champions, smart followers, digital adopters and digital latecomers.

Central Bank of Kuwait outlines fintech initiatives

The system will cover various initiatives including the Government Electronic Banking System, Wages Protection System, Digital Currency and Automated Clearing House.

Dubai-based mobile payments provider Beam goes global after major retail acquisition

The United Arab Emirates has seen a boom in the number of local mobile payments services on offer for consumers over the past two years, with platforms rushing to capitalize on the growing popularity of digital payments and attract the country's 1.3

Saudi Arabia’s ICD eyes blockchain tech for Islamic banks

Using blockchain for asset and liability management of Islamic banks would help them reduce costs, execution time and address issues related to transparency and traceability of transactions

Lessons from the boom-and-bust wild run of bitcoin

The initial hyper-libertarian vision for bitcoin was to create a form of money free from government or corporate oversight.

FinTech