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

First Abu Dhabi Bank cooperates with the financial technology company “TAPI”...

The “Buy Now, Pay Later” service allows customers to shop and buy products in-store and pay in installments extending up to 6 months without interest

UAE PASS Digital Signature Workflow now available for GCG Enterprise Solutions

UAE PASS also enables users to request a digital version of any official documents issued to their name.

Spotlight MEA: Developing a Single Universal Open Banking API

Abdulla Almoayed is a serial entrepreneur and the founder and CEO of Tarabut Gateway (TG) – the first and largest company licensed open banking platform in MENA.

Finastra helps redefine the future of finance to improve millions of lives globally

Finastra and its customers are set to positively impact over nine million lives around the world, through technology and collaboration.

Turkey's Akbank selects Featurespace for fraud prevention

Realizing this, Akbank sought to replace its existing system with an advanced platform that provides real-time enterprise-wide fraud detection.

Growing digitalization makes the oil and gas industry more vulnerable to cyberattacks

Loss or theft of such data can prove financially and operationally detrimental for an oil and gas company.

EMEA companies lead the way with most culturally diverse boards: Refinitiv

Globally, the cultural diversity of board members has increased from five years ago, but has stalled at around 30%

ila wins big at Transform Awards, MEA

ila’s brand is built around the concept of a journey and logo design is based on reflection- the English logo has been designed as a reflection of the Arabic in mind, keeping the brand promise at heart– “banking that reflects you”.

Digital economy in UAE eyes fast lane

MBRIF - a Dh2 billion initiative set up to support innovators - now has 43 members, of which 39 are in its Accelerator programme and four in its Guarantee Scheme.

Why cashless payment is catching on in UAE

September has seen the launch of two major cashless payment initiatives in UAE

Emirates Digital Wallet’s Digital Cash Platform, klip, now Live

Emirates Digital Wallet LLC, along with First Abu Dhabi Bank (FAB), Mashreq Bank, National Bank of Fujairah and Mastercard have announced the launch of klip, Emirates Digital Wallet’s Digital Cash Platform.

Investor appetite in Middle East’s FinTech sector remains strong

An upshot from the crisis and the resultant lockdown has been that consumers across the world have developed a preference for mobile-based transactions, as most things had to be done from within the confines of their home.

TAMM launches second phase of ‘Abu Dhabi Pay’ platform

Residents and citizens now able to use ‘payit’, the popular digital wallet application

Wealthtech Spending to Reach US$24B Annually by 2023

COVID-19 is Redefining the Tech Investment Roadmap, Source: Wealth Management Technology Forecast 2020-2023, Celent, August 2020

More Qatar companies now going for digital transformation: KPMG

Qatar maximised their gas reserves by investing wisely on energy.

Finding ways to connect with UAE’s unbanked

Top up features in Wages Protection System ties blue-collar workforce to new ways

BisB launches end-to-end account opening solution

This digital innovation goes beyond creating an improved experience for the Bank’s corporate customers by offering increased convenience through a simplified process and shorter time frame.

Dubai-based Elixir Group to foray into $187 billion modern tech market

The company focuses on AI and will diversify into machine learning, IoT, robotics and VR

Virtual Assets Red Flag Indicators of Money Laundering and Terrorist Financing

In response, the FATF Report Virtual Assets - Red Flag Indiciators of Money Laundering and Terrorist Financing will help national authorities detect whether virtual assets are being used for criminal activity.

Distance education will contribute to developing digital economy, say experts

With COVID-19 invading the world, using digital transformation for performing activities remotely was an essential resistance tool for facing the virus, Prof.