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

Virtual assets firm M2 secures Abu Dhabi nod to offer crypto services

ADGM's FSP license entails M2 to offer institutional and retail clients in the UAE the ability to buy, sell and maintain custody of virtual assets

Network among first payments providers to offer WeChat Pay acceptance in UAE

Network International introduces ‘WeChat Pay’ acceptance on its N-Genius POS terminals

The Central Bank of Egypt, Ghanaian counterpart mull cybersecurity cooperation

This is in addition to ensuring the governance of the procedures and management systems followed when handling cybercrimes

Qatar’s daring tech overhaul opens doors for digital empowerment and innovation

Qatar is fervently pursuing rapid progress in the realms of digital space and communications

AmiViz and Darktrace announce cybersecurity partnership

The AI-Powered cybersecurity solutions will address the growing cybersecurity challenges faced by enterprises in the Middle East

Zain Group reports net profit of 14% for Q2 2023

The mobile voice and data services operator reported that it served 52.7 million customers at the end of the period across seven countries

Garanti BBVA fintech subsidiary launches digital asset business

With pilots already in progress, the new company will initially provide services for transfer and custody of bitcoin and ether in the cryptoassets market.

UAE: New national system for carbon credits using blockchain

The collaboration aims to reduce emissions and enhance sustainable agriculture, environmental health, and biodiversity in the UAE

Financial industry ranks second in most hybrid multicloud deployments

Research highlights the cloud plans, priorities, challenges, and experiences of IT professionals in the financial services industry around the world

How AI and blockchain technologies are shaping financial markets in the GCC

The potential impact of AI in the Middle East could reach US$320 billion

KIB launches all-new state-of-the-art corporate online banking platform

customers can tailor their Corporate Online Banking experience to match their role within their organization

Kuwait International Bank rolls out corporate online banking platform

This platform was implemented as part of KIB’s pledge to elevate its state-of-the-art digital banking technologies to cater to the Bank’s corporate customer segment.

NBK warns against phishing e-mails and provides protection tips

NBK intensifies awareness on phishing e-mails and precautions against fraud attempts

Abu Dhabi's G42 unveils world’s largest supercomputer for AI training

Condor Galaxy will be used to address challenges across health care, energy and climate action using artificial intelligence technology

91% of UAE businesses consider AI crucial for future growth: survey

New survey reveals 83% of businesses in UAE are ready to harness AI into operations

TCS BaNCS helps Saudi Arabia's BSF bank to transform payments

TCS BaNCS has centralised and standardised BSF’s domestic and international payments operations

Retirement planning redefined: Building an individualized pension fund with INPL

Innovative investment approaches such as INPL offer new tools in retirement planning

Bank Muscat updates its e-services to align with the new RTGS system

The enhanced liquidity management mechanism for RTGS participants is an additional feature for risk mitigation by enabling them to monitor their liquidity requirements in real time around the clock.

Saudi IT firm MIS and Al-Rajhi receive CMA approval to launch $266m fund

MIS will be the sole marketer, supplier, executor, and operator of the fund’s projects, the bourse filing noted.

Privacy and myths: 40% of respondents from KSA are not aware of what personal data about them is available online

For those who recognized and are aware about their own personal information being available online, the survey showed that some have even tried to completely remove it from the Web

FinTech