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

European Fintech Solutions Provider finleap Partners Bahrain’s Telecom Firm Batelco to Support Open Banking

Batelco Financial Services will also be providing digital financial services and open banking in the MENA region.

Get ready for a UAE CBDC as blockchain and crypto adoption accelerates

The central bank digital currency (CBDC) launch is part of the central bank’s 2023-2026 strategy.

Startup Hub Riyadh creates new generation of Saudi innovators

‘Real world’ programs help ambitious young entrepreneurs launch into global marketplace

IMA report on State of Technology in Finance & Accounting in Middle East and India shows strong focus on digital transformation

First ever report highlighting the impact of technology on the finance function across Saudi Arabia, the United Arab Emirates, Egypt, and India over a two-year period

Platform banking: the imperative to reshape the business model

Most major banks today are vertically integrated, with closed-loop offerings.

Mast Consulting launches customer service app for consumers

Leveraging the data accumulated by the app (consumers agree to sharing their data), the platform in turn “can provide significant value” to brands and partner companies that participate in the ecosystem.

Estonia’s Cybernetica teams up with PwC in the Middle East

Since its inception, Cybernetica has delivered its systems to clients in over 35 countries worldwide, including in the Middle East.

Fintech is driving Saudi Arabia toward a cashless society

The fintech market in Saudi Arabia is expected to exceed $32.8bln by 2023

The Arab Monetary Fund publishes the policy guide on stratigies for adopting DLT-blockchain technologies in Arab countries

Great opportunities for enhancing financial services by fostering the use of DLT/ Blockchain Technologies in Arab Countries

Fintech Dopay Secures Banking Agent Licence With Bank ABC Egypt

Businesses will be able to instantly open Dopay accounts for employees and other beneficiaries, and pay them in real-time, in accordance with the guidelines set by the Bank.

Egypt says moving steadily towards cashless economy

The electronic collection and payment technology sector in Egypt consists of 39 banks, 39 insurance companies, 900 microfinance companies and civil society organizations, four mobile phone network operators and 50 electronic payment and collection compani

Standard Chartered UAE launches third cohort of flagship Women in Tech programme

Alongside DIFC Fintech Hive and Hub71

New Metrics bolsters employee experience offering with LinkedIn

“Powered by LinkedIn’s portfolio of solutions, we can now embed new elements into our employee experience design approach, create omnichannel internal and external employer branding campaigns, and drive accelerated blended learning programs.&a

Fintech firms dominate Saudi startup scene, attracting venture capitalists

Saudi fintech startups raised a record $150 million in the first half of 2021

Dubai fintech Sarwa closes $15mln in funding round led by Mubadala

Mobile platform will use new capital to grow team and launch new products

Dubai crypto platform BitOasis sees over $1.5bn trading in H1

BitOasis says it has seen a doubling of its user base in the last six months compared to the same period last year

Bahrain’s ila Bank Launches Five New Digital Banking Features

It permits two shares for each user in a collaborative digital savings tool inspired by a longstanding regional tradition.

Egypt: Fawry to acquires Banque Misr’s 15% stake in Fawry Plus

Fawry is an Egypt-based company that provides an electronic payment network.

Banking access: Cryptocurrency promise for UAE's unbanked migrants - but not yet

Every month, 24-year-old parking attendant Ramesh Giri waits outside a money transfer office in Dubai to send $US600 in cash to support his parents and two brothers in Nepal.

Dubai-based buy now, pay later platform tabby raises $50M at $300M valuation

Tabby is one such service and clearly the most known in the region.

FinTech