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

Qatar exploring CBDC as it digitizes payments

Speaking to a local news outlet, Alanood said that the bank recognizes the need to keep up with digital payments as the world gradually moves away from cash payments.

Al Maryah Community Bank launches new digital service

Bank's new Mbank UAE app allows users to acquire an investor number at DFM

CBE launches Instant Payment Network, its mobile app ‘InstaPay’

The new network will allow bank customers to carry out electronic transfers instantly at any time.

The digital payment opportunity in Saudi Arabia

HyperPay focuses on the B2B sector, providing its clients with three white-label products including payment gateway technology, e-invoicing and an AI data analytics platform.

Doha Bank to strengthen e-commerce platform

Speaking on the sidelines of the general assembly, Doha Bank group chief executive Dr R Seetharaman said digital banking is on the cards; but pending approval from the regulator.

Burgan Bank introduces the Cash Management Solution online platform

Enhancing further the digital banking services for corporate customers

Value of digital economy in MENAP could reach $700bln by 2030

Redseer Consulting says a funding gap of $20 billion must be resolved to fulfil potential of $200 billion opportunity

Oliver Wyman highlights the digital trends defining the future of the GCC

Experts compile eight themes powering public sector ambitions in the digital space

iGTB Virtual Accounts 2022 set to transform digital banking at major Qatari bank

iGTB Virtual Accounts 2022 co-exists seamlessly with the bank’s existing product processors and channel solutions

Abdulaziz Fahad Al-Jouf, founder and CEO of payment processing company PayTabs

PayTabs is a key player in the region’s e-commerce sector with global ambitions

Mashreq Partners With Sharjah Investors Services Centre To Bring Banking Support To Local SMEs

"It will enable us to expand our services to 60,000 SMEs who are currently operating in Sharjah, contributing to our growing GDP which is currently valued at AED 133billion."

Egypt state banks setting up $85mln fintech innovation fund

Legislative and regulatory changes in Egypt over the last two years have paved the way for a surge in fintech investments and a change in the way the country's largely unbanked citizens do business

How Dubai’s largest bank plans to add momentum to emirate’s IPO push

Emirates NBD announces the launch of a new IPO platform to support investors

Finastra to Build Model Digital Bank for Union of Arab Banks

The model digital bank will also be designed to enable the fulfilment of several of the UN’s Sustainable Development Goals (SDGs).

Banque Misr, National Bank of Egypt, and Banque Du Caire lead investment in new fintech fund

Launch of ‘Nclude’ by Global Ventures to accelerate Egypt’s Fintech innovation.

Arab Monetary Fund Names RippleNet As Potential Alternative to Central Bank Digital Currencies

If a CBDC is used outside of its jurisdiction successfully, this could lead to a local currency losing its function as a medium of exchange, unit of account, storage of value and eventually raises financial stability risks.

Unit of Egypt’s largest bank invests in fintech

Worldwide, there has been rising interest in fintech and last-mile-delivery African startups to capitalize on the massive number of individuals without bank accounts in the continent.

Dubai’s Shuaa Capital acquires controlling stake in fintech Souqalmal

This programme is currently offered by MAF, Careem, and Emirates Catering to their employees.

IFC invests $5mln in Egypt fund to support fintech startups

The Cairo-based venture capital invests in fintech and fintech-enabled startups

This is the year cryptocurrency will come of age in the Middle East

The exchange, which is backed by Al Waha partner funds VentureSouq and Middle East Venture Partners and 500 Startups, raised $110 million in a Series B round co-led by Kleiner Perkins and Paradigm, the largest crypto fund in the world.

FinTech