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

85% of banks to embed artificial intelligence by year-end in bid to streamline know-your-customer procedures

The increasing reliance on cloud across the industry has given rise to cloud marketplaces.

Egypt’s Oldest Bank Taps Ripple Remittance Solution

Egypt's oldest bank, the National Bank of Egypt is adopting Ripple blockchain remittance solution as blockchain utilization spreads.

Fintech to help SMEs get more access to funding, says QDB chief

During the panel, al-Khalifa underscored the role of QDB in providing financing opportunities for SMEs, as well as a wide range of facilities, training, and advisory services to help small companies grow their businesses.

MOU signed between Commercial Bank of Kuwait and Zain Group

The telecom company said that it will provide, under the MoU, a set of the latest innovative cloud solutions to enhance the digital infrastructure of Commercial Bank

Deloitte showcases latest in AI technology in Dubai

Google, SAP, Informatica and Cloudera are among official sponsors of Deloitte's Experience Analytics event

Extreme Networks doubles its investments in the Middle East

Extreme Networks has set its sights on the Middle East to help partners and customers on their path to the autonomous enterprise with its cloud-driven, end-to-end networking solutions

Dubai gets new cyber risk information sharing platform

The new cyber threat intelligence platform was showcased for the first time last month by the Dubai Financial Services Authority.

Saudi Arabia’s Global Cybersecurity Forum aims to ensure safer cyberspace for all

The National Cyber Security Authority also signed MoUs with the NEOM company

Fintech company Beehive causing a buzz in the SME world

The platform directly connects businesses looking for finance with investors that can provide funding support for their growth

Hub71 announces new corporate engagement program with Aldar and ADCB

Hub71 launches new Corporate Engagement Program for startups

Egypt- CIB deploys digital solutions to revolutionise banking sector

CIB's Innovation Lab is positioned as the FinTech and Entrepreneurship Hub within the Banking Sector given its strong presence in the ecosystem via its contribution to all the sound incubators and accelerators in the market

NBK First Bank to Launch 'Garmin Pay' Service in Kuwait

Al Othman: The new service comes as part of NBK's efforts to introduce customers with easy, innovative and time-saving payment solutions

Rise of robots: Most UAE residents fear they will be out of work in ten years

New survey says growing adoption of artificial intelligence (AI), automation will put professionals out of work

Standard Chartered, Bahrain FinTech Bay to foster startups in the region

The FinTech space in the Middle East and North Africa (MENA) region is expected to have strong growth prospects where it is estimated to receive private-funding investments worth $2 billion in the GCC over the next decade.

Saudi Aramco invests $5m in oil blockchain VAKT

Saudi Aramco is one of the largest companies in the world by revenue and recently had an IPO of 1.5% of its stock, giving the entire organization a valuation of $2 trillion.

RAKBANK launches full product suite of Corporate Payment Solutions in partnership with Mastercard

RAKBANK Corporate Purchase Card, Corporate Executive T&E Card and B2B Virtual Card payment solution unveiled for the UAE Market

MoneyGram taps Suez Canal Bank for remittances in Egypt

“We’re excited about how this partnership with Suez Canal Bank will provide our customers in Egypt with cutting-edge capabilities that offer the industry’s best service.”

DIFC’s FinTech Hive launches new start-up ‘Scale Up Programme’

DIFC's FinTech Hive Scale Up programme benefits scaleups by helping them grow through strategic partnerships

Middle East, Turkey and Africa to spend top dollar on innovation, digital transformation

Additionally, spending on artificial intelligence will top US$600-million in 2023, doubling from 2018 levels, while IOT spending will reach US$17-billion in 2023, six times the value seen in 2018.

Microsoft Announces Plan To Launch Cloud Data Centre Region In Israel

This investment expands the company’s global cloud infrastructure to 56 cloud regions in 21 countries with the new Israel region anticipated to be available by 2021.