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

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

NBK launching new services for the first time in Kuwait on NBK mobile banking app

The new features help customers better control their spending and access all services with utmost speed

Arab Financial Services and Spotii partner to launch "Buy Now Pay Later" in Bahrain

This is through its latest partnership with Dubai-based, Buy Now Pay Later solution provider, Spotii.

Misr Capital and Fawry launch ‘Fawry Yawmy’ money market fund using fintech for the first time in Egypt and MENA

With a minimum initial investment ticket of EGP 500, Fawry Yawmy relies on Fawry’s state-of-the-art fintech and its expansive retail presence to reach the largest number of individual investors

Cisco Middle East & Africa hosts 'Future Cloud' Summit to showcase new hybrid cloud innovations

Company highlights its ground-breaking new hybrid cloud solutions alongside partners in the region

Network International releases Tap on Phone tech to merchants in the Middle East and Africa

Making sure that SMEs have all the support they need to go digital and grow digital is a key focus for Mastercard and Network International.

Personal web and mobile experience key to Mideast banks’, fintechs’ customer retention

Accelerated by the pandemic, the region is observing a growing demand for real-time electronic payment methods

Sequoia Capital India makes Gulf debut with $33 million investment in Saudi fintech Lean Technologies

Sequoia’s funding for the Saudi fintech’s Series A round is joined by other international investors including New York-based Liberty City Ventures and former General Electric CEO Jeff Immelt.

Saudi FinTech start-up Lean raises $33m to expand its operations

The capital will be used to grow its team and expand in the region, the company said

Bank ABC Wins Big

Submissions are evaluated on various subjective and objective criteria, including profitability, market share, customer service, pricing, innovation, and the extent to which nominees differentiated themselves in the industry.

Batelco launches three new digital companies

BEYON Cyber, BEYON Solutions and BEYON Connect will provide state-of-the-art solutions

FSS partners with UAE's first digital banking platform

Under the partnership, YAP and FSS would work to deliver greater value to customers by combining the FSS Unified Card Issuance Platform

First Abu Dhabi Bank to partner with Thomas Murray

The information from FAB is set to benefit subscribers, ensuring they are kept up-to-date and follow local regulations in relation to the trade and post-trade process.

ADIB awarded Best Digital Platform for Corporates

ADIB's digital banking platform for businesses allows the integration of a payment gateway system with a digital wallet whilst also simplifying and automating client on-boarding

QIIB brings Apple Pay to customers

Customers can also use Apple Pay on iPhone, iPad, and Mac to make faster and more convenient purchases in apps or on the web in Safari without having to create accounts or repeatedly type in shipping and billing information

Gulf Data International implements FaceTec’s leading 3D face authentication software at First Abu Dhabi Bank (FAB)

The system provides unparalleled security during user onboarding

FAB goes live with Arab Monetary Fund’s Buna system

Payments are settled in real time as the remitter and beneficiary banks are direct platform participants.

Gulf crypto firm Rain Financial raises $110mln

Backers include Silicon Valley firm Kleiner Perkins

Coinsfera Bitcoinshop, Bitcoin Exchange in Dubai, is Awarded in The Largest Blockchain Conference

Blockchain Economy Summit is the annual event to bring all cryptocurrency communities together all over the world.