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

Saudi Arabia unveils open banking framework

The open banking programme is part of a wider fintech strategy - part of Saudi Vison 2030 - that is seeing the Kingdom push to become a global financial technology hub.

QIB introduces Samsung Wallet to customers

QIB brings more mobile payment choices to its customers by introducing Samsung Wallet to tap and pay on the go using Samsung devices

Open Finance platform Fintech Galaxy scores Central Bank of Bahrain license

The MENA Open Banking market is anticipated to grow with an average CAGR of 25% to reach $1.17Bn by 2027

Digital payments surge 34% to $8.5bln in Bahrain

Contactless payments dominate POS transactions in the kingdom

Binance CEO sees no threat to crypto from central banks' digital currencies

Most major central banks are studying the potential launch of a digital version of their currencies, dubbed CBDC

Mashreq partners with FinIQ

To enhance client experience with an Integrated Wealth Management platform

How one UAE-based fintech is looking to process $200bln in trade finance

Fintech startup Modifi has quadrupled its growth over the past two years by bridging the trade finance gap in the MENA region and around the world

Saudi Central Bank licenses new fintech company to provide e-wallet service

This brings the total number of payment companies licensed by SAMA to 22

Saudi wealth fund launches $24bn tech fund

The announcement was made at the Future Investment Initiative, a flagship event for the region's financial services industry.

ICM.com launches an investment opportunity in Empower IPO

The world’s largest district cooling services provider

UAE's central bank pilots cbank digital currencies transactions

Central banks around the world have been racing to develop CBDCs as they seek to provide an alternative to cryptocurrencies, but are grappling with technological complexities

Meta gives tepid revenue forecast as ad weakness persists

In the third quarter, Meta posted revenue of $27.7bn, slightly beating analysts’ average estimate for $27.4bn

WhatsApp services down for thousands of users

Outage detection portal DownDetector has confirmed that the messaging app is not working

Dubai traces a digital path towards a smart future

The Digital Dubai initiative represents a vision to recreate the traditional top-bottom city management model into one that is representative and sustainable

Egyptian fintech Telda lands $20m seed funding

The firm’s partnership with Mastercard also enables it to issue prepaid cards to its customers and facilitate transactions through Mastercard’s payment processing services. It has also partnered with Cairo’s Banque Du Caire and is regula

Abu-Ghazaleh Global wins ‘Excellence in Supporting Digital Transformation in the Arab Region’ award

Presented by the World Union of Arab Bankers

Lloyds Banking Group delivers its Innovation Sandbox

Will accelerate Lloyds Banking Groups’ collaboration with Fintechs and improve the digital products and services it offers to customers

BisB launches corporate branding services for startups and SME’s

As part of the Bank’s strategic partnerships and collaborations with local universities

G42 bolsters ecosystem with 15 strategic deals at Gitex Global

Deals with UAE and international firms underscore the power of collaboration

UAE-based Wio Bank forms partnership with Stripe

Users can soon sign up on the Wio Business app, and be set up with a payment gateway to optimise payments within minutes.

FinTech