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

ADIB launches Amwali, the world’s first Islamic Digital Bank targeting GenZ

Account-opening can be done easily and effortlessly.

Saudi information technology sector will hit $27bln by 2025

IoT market size is expected to grow at a compound annual rate of 26%

85% of UAE consumers open to artificial intelligence being used to enhance video call experiences

With 56% of people in the UAE now spending 'significantly more time' on video calls, many see AI as a means to better engage with others, and multitask more surreptitiously

Saudi will see more fintech unicorns 'soon,' head of Kingdom's top fintech body says

Digital currencies in Saudi have not been formally adopted, Almulaik said, but the Kingdom is seeing the use of e-wallets

Banking & Wealth Management: How to Win the Best of Both Worlds

This requires a culture of proactive change that is typical of a technology-forward institution.

TigerWit opens Dubai office to provide in-person access to financial services

The move to expand their services further in the region comes as they received their licence to serve and cater for individuals and entities looking to add exposure to global markets

Arab Bank launches its FinTech accelerating program in Egypt

Arab Bank is one of the leading financial institutions in the region to deploy state-of-the-art technological solutions for financial and banking services

Accenture and Google launch their cloud data offering in Middle East

Accenture and Google are now expanding the offerings of the AGBG practice with a new proposition specifically geared at data science, including advanced techniques such as artificial intelligence, machine learning and even deep learning.

HSBC launches mobile payments for customers and merchants

The new mobile payments and collections services provide a more convenient and secure way to pay bills, transfer money from person to person, and purchase goods from registered merchants.

AI is an accelerator of change in the UAE

In the UAE, the public and private sectors at various levels have used the technology to ensure minimal disruption due to the pandemic.

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.