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

Blockchain Research Institute expanding to Africa, the Middle East and Korea

Three new BRI divisions will foster innovation and research in their respective regions.

A tech landmark for Saudi Arabia as Jahez unveils IPO listing

And the timing is no coincidence: online commerce has gained tremendous momentum and a vast consumer base since the pandemic last year.

Accompany banking digital transformation with a people strategy

In the future, the banks will likely continue to focus on AI and robotic process automation (RPA), leading to minimal human intervention.

How Bahrain will benefit from its nationwide 5G coverage

Global management consultancy Booz Allen Hamilton recently published a study on the full impact of the 5G-driven paradigm shift across economy and society.

Egypt’s e-payments to suppliers, state worker salaries record EGP 628bn, EGP 377bn respectively

Total of 13.5 million transactions worth EGP 37bn take place through government electronic collection points

Artificial Intelligence enhances companies’ operational agility

The session focused on the industrial enterprises that are planning to implement AI and Machine Learning for their performance improvement and enterprises that have started using AI in their firm.

Turkey begins digital currency transactions over $1200

The country’s central bank has already outlawed the use of digital currency for payments, with the new powers expected to give MASAK more authority in regulating the activities of the country’s digital currency exchanges.

Bahrain cbank in tie-up for digital currency settlement

This will lead to suppliers being paid faster and buyers originating payments in shorter time periods without the need for holding funds in advance.

Mambu and the UAE’s digital banking journey

Miljan Stamenkovic, Mambu’s General Manager for MENA, talks technology and digital transformation

World Bank and Arab Monetary Fund to discuss financial technology

In the medium-term, expect the digital payments market to boom as the region becomes one of the fastest-growing e-commerce and remittance markets.

Innovation in Retail Banking to Prepare for a Post-COVID World

In the Middle East and North Africa region, factors such as changing customer preferences, high mobile penetration rates, growing competition from fintech companies are driving change.

QIB is 1st bank in Qatar to launch AI virtual assistant ‘Zaki’

Zaki is designed to provide relevant and contextual responses to QIB existing and new customers’ queries in a more convenient and instant manner.

Arab world’s first electromagnetic compatibility labs launched in UAE

EMC allows electronic devices that are near each other to operate without mutual interference, known as electromagnetic interference.

Dubai launches incubator for health tech startups

It will connect entrepreneurs to investors, as well as to a network of specialists and mentors to help them develop their ideas

Turkey's cryptocurrency pain grows with second exchange collapse

Crypto exchange Vebitcoin is halting operations, citing deteriorating financial conditions

$2B crypto scam: Turkish exchange Thodex goes silent, sparks user outcry

But users who have not been able to withdraw their money or access their accounts took to Twitter to voice concern that they may have been scammed.

Fintech Robos migrates to cloud-only infrastructure with AWS

We are a B2B Fintech company, providing our partners with leading-edge technology for offering mobile-first and cloud-only savings and investments services

Checkout.com leads $110 million debt and equity round in Saudi BNPL startup Tamara

The $110M cash injection in both debt & equity will be used by the company to scale its team, open new countries in the GCC and fund the distribution of its BNPL product.

Egypt allows banks to issue electronic money units

Electronic money units cannot be issued unless the equivalent cash amount in Egyptian pounds is deposited with the issuing bank, it added.

Etisalat Digital's new blockchain platform aims to stop trade finance losses

UAE Trade Connect says losses through duplicated invoices could be between AED500mln and 1bln annually

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