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

Turkey’s fintech start-up Colendi raises $65mln - report

New funding round led by Citigroup’s investing arm Citi Ventures

Ooredoo Qatar extends partnership with Netcracker for revenue management and managed services across all lines of business

Middle Eastern Operator Will Continue Leveraging Netcracker’s Digital BSS Product Suite and Managed Services to Support B2C and B2B Customers and Gain Improved Agility and Time to Market

Crypto lender Genesis to return $3 billion to customers in bankruptcy wind-down

DCG and Genesis disagreed over who should benefit from the rise in prices

Tether partners with RAK DAO to boost adoption of Bitcoin, stablecoins in Ras Al Khaimah

The cryptocurrency recently also tied up with Chainalysis to monitor secondary market activity

UAE releases new AI model Falcon 2 to compete with Meta, OpenAI

The Falcon 2 series come as companies and countries are racing to develop their own large language models following the 2022 release of ChatGPT by OpenAI

IBS and EBRD Join Forces to Advance Digital Finance in Jordan

He emphasized the agreement’s role in enhancing the cooperative partnership’s framework

Commercial Bank wins 'Best Mobile Banking App', 'Best Remittance Service' awards in Middle East

The bank was recognised on a regional level in two categories: ‘Best Mobile Banking App’ and ‘Best Remittance Service’.

AI company, Webidoo establishes Middle East and Africa office at DIFC Innovation Hub

It has the power to redefine existing industries and create entirely new business models

How a Saudi start-up hopes to beat sickle cell disease with an AI-trained gene-editing biorobot

Their aim is to remove the gene from a patient’s body altogether.

Dyna.Ai unveils Dyna Athena & Dyna Avatar for the banking and financial services sector

Its solutions are pivotal in elevating marketing, customer acquisition, risk management, and operational productivity.

Dubai-based Amwal Capital Partners Updates Tech to Drive Growth with Broadridge’s Investment Management Solutions

Amwal Capital is now live on Broadridge’s investment management platform, which is providing the firm portfolio, order, and risk management as well as visual analytics, and performance attribution.

Egypt leads MENA surge as Bitget Wallet sees 300% growth

The full-stack, multi-chain trading wallet now serves over 20mln users globally, offering features like Swap, NFT Marketplace, a Dapp browser, and staking services

Chainalysis Named Council Member of MENA Banking Group’s Digital Asset Lab

The Digital Asset Lab’s objective is to comprehend how Emirates NBD’s customers can utilize digital assets and the associated technology.

Emirates NBD strikes payments deal with Nium

The partnership, subject to regulatory approvals, seeks to elevate the remittance experience with seamless, instantaneous cross-border transfers between the UAE and countries worldwide.

How Mastercard is driving financial inclusion in the Middle East

Mastercard’s chief operating officer for EEMEA region Khalid Elgibali tells us about how his company is innovating when it comes to cross-border and digital payments

Saudi Fintech Rasan to Initiate IPO This May

The IPO will see the company and its investors collectively offering 22.7 million shares

BankDhofar launches the innovative Samsung Pay from Samsung Transforming shopping experience

With Samsung Wallet, customers can now effortlessly use their Samsung device to complete transactions, offering a convenient and secure shopping experience.

UAE, Kenya join hands to boost digital cooperation

Kenya has become increasingly attractive to data centre providers, driven by growing demand for cloud services, improved business conditions

Jordan Kuwait Bank digitises transaction banking functions with iGTB platform

JKB’s pursuit of an improved digital experience

Hassana Wins Best Transformation Award

With over USD 300 billion in assets under management, Hassana serves as the investment manager for Saudi Arabia’s governmental pension company

FinTech