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

First regulated open banking platform in UAE goes live

The licence that has been granted by DFSA allows the provision of arranging money services as well as AIS and PIS.

Azentio Software wins ‘Islamic digital banking provider’ award at the MEA Finance Banking Technology Summit & Awards 2022

The award was formally presented at a ceremony held in Dubai, UAE on Thursday, May 19

The UAE's new cyber crime law (all you need to know)

The Cybercrimes Law, which came into force on 2 January 2022

Blast emails ‘no longer relevant’ says report that examined more than 5 billion emails

Customers across the Middle East and Africa prefer personalised and journey-based emails

Qatar, Germany enjoy deep economic ties, says Deutsche Bank Chairperson

Deutsche Bank is one of the world’s leading banks, in which Qatar holds a 6.1 percent stake. The

Saudi's SAMA seeks proactive steps to confront growing cyber threats

SAMA admitted that there has been a rapid advancement in the level of cyber threats to the financial sector caused by the advanced hacking groups, targeting the financial sector for various fraudulent purposes

Profile software: Bronze sponsor at middle east banking innovation summit in Dubai

During the two days of this prestigious event, Profile will present its cutting-edge and globally recognised Banking and Investment Management solutions for Fintechs, Banks and Investment Management firms

How are OIC countries facing up to the AI megatrend?

Artificial Intelligence (AI) is dramatically changing how the world works but it is still unclear whether it will enhance and/or restrict human potential

CBB launches Bahrain Supernova FinTech Challenges 2022

Innovators and fintech startups will have access to an API sandbox with 330+ APIs

Robo-advisers democratise investing and promote financial inclusion, experts say

Demand for low-fee, transparent digital investment platforms is growing in the Mena region

Dubai eyes crypto hub status as global regulators remain cautious

Cryptocurrencies are receiving a mixed reception around the world, but Dubai is doubling down on its efforts to place itself at the front and centre of the technology.

DIFX Cross Asset Digital Exchange grows to USD550mln in assets under management with FireBlocks

In 2020, Fireblocks launched MPC-CMP, an open and free-to-use MPC protocol

GCC banks minimise cyber risks with strong investment in digital security, S&P says

Strong profitability, capitalisation and liquidity provide a financial buffer to lenders against potential cyber incidents

SDAIA expects AVs to be available for everyone by 2050: Saudi Arabia

Autonomous vehicles (AVs) are among the most advanced technologies in developed countries

KPMG launches second edition of global tech innovator competition

2022 KPMG Private Enterprise Global Tech Innovator competition is being hosted in over 21 countries round the world

Cybersecurity skills gap contributed to 80% of breaches

Fortinet releases new research on key concerns around the cybersecurity talent shortage, recruitment, diversity, and security awareness

Mashreq Bank commits up to $10mln investment in fintech “Cashew”

Long-term relationship designed to give added benefit to NEOPAY merchants and BNPL customers

Spare Technologies granted license as an open banking ancillary service provider in the Kingdom of Bahrain

The license will pave the way for Spare to kickstart their operations in Q2 of 2022

Indian cryptopreneurs eye UAE

Venture capital is making a big move on crypto in 2022 and investment totalled $10 billion globally in the first quarter of this year, according to data from Pitchbook.

What’s driving digitalization in the Gulf?

Banks in the Gulf are embracing blockchain, fintech, cryptocurrencies and AI as they look to cater to changing consumer demands and a rapidly evolving financial landscape.