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

Al Salam Bank-Bahrain introduces WhatsApp banking

The service, available 24 hours, seven days a week, answers questions about the bank’s products and services

Saudi Tabadul opens e-platform for bank guarantee service

The new platform, Wthaq, is in line with the Saudi Vision 2030’s digital transformation programme

Two UAE banks cut credit card limits as COVID-19 crisis deepens

Some customers say spending limits changed without prior notice

5G Markets in the Middle East - Database & Report - Data & Forecasts up to 2026 - ResearchAndMarkets.com

This report analyses the overriding trends and changes taking place in the mobile market in the Middle East with the arrival of the fifth mobile generation.

TAMM launches ‘Abu Dhabi Pay’

The initiative demonstrates the proactive approach to government services now in place, with “TAMM” providing convenience to customers and government entities alike.

Thomson Reuters Enhances Strategic Partnership with Path Solutions for ONESOURCE Centralized Tax Solution

Organizations will therefore be well-positioned to navigate the GCC’s fast-changing financial and tax landscape, while optimizing their total cost of technology ownership going forward”, explains Ramy Rayan, Senior Solution Consultant, Thomson

Gulf Insurance Group acquires stake in yallacompare for $4.25 million

Investment is part of GIG’s digitization strategy and expansion plans

UAE sees 78% surge in contactless payments: report

The service aligns with this consumer trend and can be used to make safe, quick, and easy purchases from almost any location.

Asset gains: Bitcoin surge lights up global crypto market

Soaring past $9,000, it packs enough momentum to go even higher

Do not click that link if you are not sure

United Arab Bank has a sophisticated security alert system in place to protect its customers and their assets.

Israeli Blockchain Startup 2key Launches New Ethereum-based app

The feature is coming right at a time when the online broadcasting industry is in high demand, and online conferences are on the rise due to the coronavirus crisis.

Arab Bank Switzerland Leads Major Series A for Swiss Digital Assets Firm Taurus

Arab Bank Switzerland has closed a $10 million+ Series A financing round for Swiss digital asset infrastructure firm Taurus Group.

ADGM aims to use AI to automate licence application

AI to facilitate the quick and compliant entry of new players to support rapid industry growth

British Business Group in the UAE launches new website to support companies

Nearly 65 per cent of British companies in the country said in a survey conducted by the group that they needed more clarity on the UAE government schemes available to them

Reliance on technology increases risk of cyber attacks

Government and private entities in Qatar have resorted to the use of social media platforms to spread useful information and educate citizens and residents about the measures taken and guidelines to combat the spread of the virus in the country.

QIB adds innovative new features to its Mobile App

Through the updated QIB Mobile App, customers can now request for a temporary credit limit increase, in real time, on all their Charge cards, including Qatar Airways co-branded cards.

DCG responds to members’ concerns over COVID-19 impact

DCG has been closely working with Dubai Chamber to highlight the concern of the industry and seek support.

Clients onboard to digital channels: NBD

A front-runner in digital banking innovation, Emirates NBD recently received international recognition for its ‘Transformation in Transaction Banking’ from leading international experts in financial services technology, Celent Research.

Saudi banks need to accelerate digital transformation: KPMG

KPMG in Saudi Arabia, has published its analysis of Covid-19 impact on the banking sector

How banks are going digital to manage COVID-19

Looking beyond the crisis, the document underlines that many of the ‘rapid response’ quasi-digital solutions in place or being put in place currently will be re-examined and likely withdrawn post-crisis

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