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

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.

Path Solutions successfully completes system upgrade at KFH

The bank proud to announce taking advantage of iMAL R14.1 new features and benefits

Cloud-based computerized maintenance management systems to gain popularity within small & medium sized enterprises: FMI

Growing demand for CMMS in small and medium sized enterprises for asset monitoring is primarily underpinning expansion prospects. Furthermore, FMI projects a CAGR of nearly 8.7% CAGR through 2031

AWS to Open Data Centers in UAE

New cloud infrastructure region to launch in first half of 2022, allowing customers to run workloads and store data locally while serving end-users with even lower latency

Danish investment bank Saxo to launch crypto trading platform in Mideast

The Crypto FX will allow investors to trade Bitcoin, Ethereum, and Litecoin against euros, dollars, and yen

Dubai Debuts Own Cryptocurrency

DubaiCoin will soon be able to be used to pay for a range of goods and services both in-store and online, with the clear intention for the coin to be used in place of traditional bank-backed currencies.

The future of wealthtech in the GCC

Older generations are also becoming more exposed to technology solutions that commoditise product offerings

Protiviti partners with Sword GRC to offer award winning Governance Risk & Compliance solution in the Middle East

The team will help identify program gaps and implement the right technology, whether organizations are looking for a new tool or want to optimize existing risk software in their IT ecosystem

FinTech