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

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

Mashreq Bank offers 'buy now pay later' options to customers via cashew deal

Cashew has now emerged a leading alternate payment service provider in UAE

Banking giant HSBC to use only recycled plastic for cards by end 2026

Bank's UAE clients will soon see their credit and debit cards made of recycled plastic

Thawani and BankDhofar team up to offer innovative fintech products

This first-of-its-kind partnership in Oman comes after Thawani Technologies acquired its payment solutions provider license from the Central Bank of Oman

Doha Bank wins 'Best Digital Wallet App Qatar 2021' award

Seetharaman received the 'Banking CEO of the Year' award from the International Business Magazine for bringing transformational leadership to Doha Bank with a focus on technology and sustainable development.

UAE Trade Connect’s digital trade platform goes live with 7 banks

One of the first commercialised blockchain applications in the country, the platform will create an ecosystem for multiple trade-related entities

Canada's 3iQ to bring Middle East's first listed crypto fund to Nasdaq Dubai

Institutional investors including sovereign wealth funds have expressed interest in the listing, said Zachary Cefaratti, CEO of Dalma Capital Management.

UAE hits its digital stride in KYC and blockchain

So, the following year, it switched track and headed to the United Arab Emirates, opening an office in the Dubai International Financial Centre (DIFC), the region’s main financial hub.

FinTech