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

Saudi blockchain pilot could save banks up to $400m per year, Moody's says

Central bank inked deal with Ripple last week to use blockchain for cross-border payments

Tech Firm C5 Accelerate Is Looking To Power Up Fintech In Bahrain

The government has been a fundamental driver, especially in nascent innovation ecosystems such as in Bahrain and the MENA region in general.

Kuwait Finance House Goes Live With (ITS) ETHIX-Net - Alkheshnam: “ETHIX-Net Delivers A New Generation Of Online Banking”

The product is designed to be one of the core components that help Banks to transform and adapt their business in the new Digital Transformation age.

Bahrain to launch electronic salary transfer system

An electronic salary transfer system will be launched in May to ensure the wages of private sector employees are protected.

Lebanon hops on the crypto train

Entrepreneurs aspire to tackle the digital economy on six fronts

Keeping up with the robots

Automation may pose a threat to jobs, but it also puts an added psychological pressure on staff who have to keep pace with the robots

Blockchain-based payments ideal for Bahrain

The project is not meant to go live with a big bang go-live approach where you have 40 entities onboard because that would be a catastrophe, that is why you go step by step, we want to start with two and go from there.

SGBL goes digital with Backbase

The bank’s mission is to engage its customers -from retail to professional and corporate- with a range of new services and self-service capabilities across all channels.

Singapore, Egypt sign fintech cooperation pact

The pact also establishes a framework for exploring joint innovation projects and for sharing information on emerging fintech trends.

Saudi startups have wider funding options amid huge fund volumes

These options encourage startups to adopt new alternatives for providing flexible funding opportunities, thus assisting them in building and developing investment plans, he added.

World's first 'cold storage' vault for digital currency launched in Dubai

All forms of crypto-commodities can now be stored offline with insurance at vault in Almas Tower, Dubai – the headquarters of DMCC

Gold trader gets Dubai licence to trade and store cryptocurrencies

Gold trader Regal has become the first company in the Middle East to be awarded a licence by DMCC to trade in cryptocurrencies.

Dubai finds solution to bitcoin hacking – the most protected vault in the world

BITCOIN hacking has forced cryptocurrency investors to investigate new ways to protect the digital tokens following a series of hacks and cyber attacks.

UAE leads Arab markets in Islamic fintech

The UAE follows Malaysia and the United Kingdom in terms of the number of Islamic fintech start-ups per market, according to analysis conducted by Edmond Christou, Bloomberg Intelligence.

UAE Exchange uses blockchain for instant cross-border payments

With multiple investments in various fintech and digital payments companies, UAE Exchange is focused on collaborating with technology specialists, start-ups, industry partners and the academia to seek out opportunities that deliver seamless and positive c

FinTech