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

Predicted trends for the Middle East financial services sector in 2022

Global management consultancy Oliver Wyman shares its predictions on the trends that will shape the financial sector in the Middle East during 2022

Saxo Bank launches new Money Matters campaign across the GCC

Series aimed at rapidly growing retail sector, where Saxo Bank has recorded an increase of over 150 per cent in new investors across the region in the past two years

Accenture to develop UAE National Instant Payment Platform

In collaboration with SIA, now part of Nexi Group, and G42, Accenture will build and operate the National Instant Payment Platform over the next five years

Blockchain and Cryptocurrency Is 'Here to Stay and Impossible to Regulate at Large' — CEO of a United Arab Emirates Based Bank

Concerning the future of blockchain and cryptocurrencies, especially in the wake of increased pressure from regulators and governments around the world, Nerguizian is quoted asserting that the technology is not going away.

KSA speeding up digital transformation says survey

Nearly all (92%) of Saudi Arabia’s government IT decision-makers agree that the Covid-19 pandemic has accelerated their digital transformation over the past year

IFID 2022 focusing on "How fintech innovation is transforming the investment industry"

To be held under the patronage of the Central Bank of Bahrain

Dubai's ICICB Group preps Brazilian digital bank

The Group has exhibited tremendous development in banking and financial services during the pandemic, leveraging its extensive experience and innovative technology implementation and setting the benchmark in the economic system.

Fawry tops the acceptance segment through its comprehensive "Fawry Accept" solutions bundle

Fawry also leads the payment acceptance sector with a jump in transactions exceeding 6 billion EGP through Fawry acceptance machines and 5 billion EGP via online gateway

Al-Rushood: digital transformation is at the heart of the Kuwaiti banking sector

He explained that digital transformation in Kuwait is in line with its 2035 vision.

Banque Misr signs cooperation protocol

It’s among the leading providers of electronic collection services through QR Code using the Meeza network, which transfers to mobile phone wallets.

Online payment gateway noon payments launches in Egypt

The payments solution accepts a variety of payment methods including Visa, MasterCard, Meeza, and others, and allows returning customers to save cards for future purchases, resulting in increased transactions and conversions.

Cedar supports Islamic Bank in Oman with setup of digital bank

Planned for launch in the next 12-18 months, a project team has over the past months created the fundament for bringing the plan to life, developing an overall new venture approach and roadmap.

KPMG: Saudi Arabian insurance firms pursued digitalization and expected to close year-end with higher top-line

Financial Performance of 28 Saudi insurance companies until Q3 2021 continued top-line growth trend

Saudi fintech Lean raises $33 million

Besides Sequoia Capital India, existing investors and newcomers including General Electric Co.’s former chief Jeff Immelt participated in the Series A round.

Al Rajhi Bank Malaysia Selects Thought Machine to Build a State-Of-The-Art Islamic Digital Bank

Thought Machine has been selected by a number of tier one and large retail banks and the company also works with smaller, agile fintechs and challengers.

Crypto platform Rain secures in-principle approval for FSP from UAE's ADGB

Once Rain satisfies FSRA approval, the permission will allow it to offer services outside the GCC and list a greater number of virtual asset pairs

Bahrain's CoinMENA obtains second cryptocurrency license from European Union paving the way for expansion to new jurisdictions

CoinMENA's second licence obtained after the Central Bank of Bahrain (CBB) license

FinTech