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

Financial Technologies record a rapid growth in the region, says Dubai Future Foundation report

Sector proves its resilience amid COVID-19, expected to emerge stronger

FinTech to emerge stronger in post-coronavirus period, says Dubai Future Foundation

More than 92% of people in the UAE use smartphones, presenting a substantial opportunity for FinTech companies

Key cyber risks for banks during COVID-19

This all makes personal and corporate banking customers a natural target for fraudsters.

Global advisory giant to launch major digital finance operation in Dubai

Mr Green comments: “The world has changed forever in the last few months, the market has changed and client expectations have changed.

FAB Switzerland renews its long-term contract with Avaloq

For Avaloq, this is the second deal closed with a Geneva-based private banking institution in 2020.

African banks confident on growth of cashless payments

Banks in Africa and Middle East are the strongest believers in a cashless society, according to a global retail banking survey released by Temenos, a banking software company.

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