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

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.

Crealogix and IBM collaborate to help banks accelerate digital transformation

With a total of 150 years of experience between them, two industry leaders in the banking industry are helping their customers take advantage of the latest developments in user experience design, innovation and cloud technologies.

klip digital cash now live with First Abu Dhabi Bank, Mashreq and National Bank of Fujairah

Emirates Digital Wallet’s digital cash platform open to any individual, business in UAE

UAE-Based Fund Invests In Israeli Fintech Startup Salaryo

Salaryo said it will use the funds to propel the growth of its small business lending activity and to launch new business banking products in 2021.

Saudi Arabia tops G20 digital competitiveness rankings

The champions in our report have a clear strategic vision that they swiftly implement and the second is that they all invest a lot in startups, in future technologies and in innovation in general.