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

The first neo-financial institution in KSA opts for ICS BANKS Digital Platform from ICSFS

The LFC has received a no-objection letter from the Saudi Central Bank

The Key to Solving MENA Banking Challenges Starts With Regulators

There was a lack of technical infrastructure, as the market was served by legacy processors that were used to serving banks for 20 years and didn’t know how to engage with FinTechs.

DigiDoe launches operations in Qatar

DigiDoe has put the world’s central and commercial banks firmly in its sights

Bahrain in talks for cloud computing, FDI deals

Bahrain, which since 2018 has hosted a large AWS centre - the first in the Middle East, has introduced a "data embassy law"

Saudi Arabia aims to increase digital transactions to 70% by 2025

The strategy seeks to increase the number of FinTech companies operating in Saudi Arabia from 82 to 230 by 2025

Saudi Arabia to raise FinTech companies by threefold under new strategic plan

The ministry of finance said in a statement that under the new FinTech strategy the number of firms is expected to increase from 82 to 230 by 2025.

Qatar National Bank launches open banking suite

QNB is the first bank in Qatar and one of the first in the region for launching Open Banking services.

State of Open Banking in Europe, Africa and the Middle East

Many of the central tenets of OB have their origins in the free-market economics and open-source software movement of the late twentieth century.

Arab Tunisian Bank Goes Live on Temenos to Power Sustainable Growth

Temenos open platform for composable banking frees the bank from legacy constraints to accelerate product delivery and digital expansion

Visa, FAB and DBWC launch global 'She's Next' initiative in UAE

UAE women business owners are invited to apply for one of five USD10,000 grants, and one year of coaching from IFundWomen with networking and mentoring opportunities

Qatar National Bank launches open banking platform for fintechs

“The ultimate goal of open banking is to increase efficiency, enrich functionality and put user experience to the next level.”

NBK receives “Data Transformation” award at AI and Analytics Summit in Dubai

The award reflects the bank’s successful strategy to build a digital culture with internal capabilities that are knowledgeable in AI and Data Analytics

Regulation, (Competitive) Risk and Resilience Dominate the EMEA Transformation Agenda

Another key theme for the industry over the last decade or so has been regulation.

DeFi and crypto assets adoption by family offices is expected to be the route for the institutional capital

The digital assets adoption, stock market situation, and the crypto winter are to be discussed at The Wealth Today Summit in its forthcoming edition by experts from ADGM, Kraken and TDeFi

Global fintech Ascenda announces partnership with Banque Saudi Fransi to power JANA Rewards program in the Middle East

With more than 340,000 cards in circulation, this new strategic partnership is set to disrupt the traditional cashback era in the market and deliver unparalleled consumer value and choice.

CoinMENA receives provisional licence from Dubai’s Vara

This will allow CoinMENA to continue its business operations in Dubai while it undertakes the in-depth process of applying for a licence, in accordance with Vara requirements.

Tech company Flytxt hires adviser to find new investors

Flytxt provides artificial intelligence and data analytics to companies to track and predict customer behaviour.

EFG unit acquires tech-driven Egyptian B2B platform Fatura

Fatura is a fast-growing tech-driven Business-to-Business (B2B) platform with a regional footprint of 22 governorates in Egypt

Bahrain ranks among top 10 performing MENA ecosystems in Global Startup Ecosystem Report

Ecosystem valuation jumped over 460% to reach more than half a billion US dollars in 2022

Crypto in the Middle East is gaining attention. Experts: Pancakeswap (CAKE) and Gnox Token (GNOX) are taking the world by surprise

Crypto analysts are now looking at particular projects that are gaining popularity in the region.