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

Finastra showcases Open Banking innovations during DIFC Innovation Month

Company highlights FusionFabric.cloud, its powerful open development platform in Dubai

Dubai Future Foundation launch report on cyber risk scenarios in banking and finance

As a part of 'the digitisation of critical infrastructure' series in partnership with Dubai Police

Mashreq Bank deploys digital payments platform at SEWA to support digital transformation

Mashreq implements automation of customer deposit refunds for Sharjah Electricity Water and Gas Authority

QIB launches new generation of its top and most rated mobile banking app in Qatar

The new App is offering a new leading-edge user experience, marking a significant shift in the bank's customer-centric approach

UAE announces first quantum computer to defend against cyberattacks

The UAE is also developing the first PQC software library to safeguard confidential data

Two new digital banks close to obtaining a license in Saudi Arabia

MIS would contribute SR25 million ($6.66 million) to the bank’s capital, and its establishment would be subject to the approval of authorities, the company said in a filing on Tadawul.

Cedar Rose launches fully automated solution to digitize the onboarding process of customers for companies

With the option to work with Batch files or Cedar Rose's powerful Application Programming Interface (API), the system can be fully customized to every company's needs and existing compliance process

NBK officially launches the new MX.3 Solution

Zakhour: The new platform contributes to developing NBK's digital infrastructure and helps provide leading competitive treasury solutions, regionally and globally

Bank regulators plan capital rule for bitcoin

Major economies including China and the US have signalled in recent weeks a tougher approach, while developing plans to develop their own central bank digital currencies.

Microsoft and PwC global digital alliance lands in Qatar

Azure is the second largest cloud service provider in the world according to Statista – occupying 20% of the cloud market share.

Gulf-based Opontia raises $20mln to fund acquisitions, recruitment

Investors in the seed-funding round included Raed Ventures, Global Founders Capital, Presight Capital and Kingsway Capital

Emirati-founded tech start-up Boksha raises $1mln seed fund

Platform is the largest online marketplace for independent fashion designers in the region offering Khaleeji themes

Dubai startup raises $20m to promote MENA e-commerce brands

The concept of consolidating up and coming e-commerce brands is popular in the US and Europe, led by American company Thrasio, which was valued between $3 billion to $4 billion in a financing round early this year.

Turkey’s largest private bank chooses Commencis’ Dataroid platform to enhance the customer experience

“Our priority is to deliver a seamless and secure customer experience in all touchpoints by using the latest digital technologies and analytical methods with an innovative mindset,”

HSBC UAE launches Global Money Account on mobile banking

Global Money Account allows customers to send funds in real time to any HSBC bank account

KHCB launches the new version of "Khaleeji Mobile App"

To facilitate client's banking experience under current exceptional circumstances and precautionary measures

NBK receives best financial innovation lab award in Kuwait for 2021

In Global Finance's Survey for World's Best Financial Innovation Labs

Kuwait Central Bank cautions against crypto-assets

Banking regulators believe digital currencies pose a threat to the global financial system

PwC, Microsoft join forces to accelerate digital transformation

As the country continues its journey towards becoming a knowledge and innovation hub, the PwC and Microsoft partnership in Qatar will continue to drive economic growth, upskill the workforce and provide a foundation for the Country in line with the Qatar

UAE welcomes new blockchain platform

This marks the start of our commercial operations in the blockchain space, and represents a unique solution to mitigate long-standing risks inherent to trade finance” said UTC’s CEO Zulqarnain Javaid in a statement.

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