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

Asset management industry increases spend on digital transformation by GBP8 million a year in last year

A total of 73 per cent of asset managers view shifting customer and client expectations as the biggest threat in 2019

Ajman Bank launches new branch in Dalma Mall and with it introduces another digital initiative

Installation of automated teller services in the branch is one step forward in digitalization of cash transactions and making the customer experience completely paperless..

Financial institutions need to embrace FinTech as an opportunity to thrive, rather than defending outdated mechanisms

Banks must commit significant investment into building state of the art infrastructure if they wish to keep pace with the sector’s accelerating trajectory

Visa unveils new instalment payment solutions

With the instalment solutions, Visa cardholders will have the option to divide their total purchase amount into smaller, equal payments over a defined time period on qualifying purchases, at the store and online or while traveling abroad, it said.

Tezos scores billion dollar STO deal with investment bank

The token was launched using the Ethereum protocol, but will now be migrated to Tezos, according the announcement.

Dubai Tourism partners with hotel groups to launch Futurism Programme

Applications can be submitted until 31 July 2019

FlexxPay to offer a cloud-based payroll solution to organizations across the GCC

Following massive successes in the US and UK, first entity of its type in the GCC

Emirates NBD teams up with Dubai Police to raise cybersecurity awareness

The two-minute video starts with a male customer calling the bank asking for help after his entire account was wiped out after receiving an email that he has to rectify his payment issue by sending his bank details and password.

Abu Dhabi’s Hub71 chief urges banks to upgrade services for start-ups

Incubator in talks with UAE lenders to make it easier to set up accounts

Digitization the Only Way for Banking Sector… It Won’t Threaten Jobs

A recent study conducted by Deloitte found that 86 per cent of consumers use branches or ATMs to access their primary bank, while 84 per cent use online banking and 72 per cent use mobile apps to access it.

Crypto Assets Exchanges In The Kingdom Of Bahrain

On the one hand, the it is government policy to be at the forefront of new industries and innovation and promoting distributed ledger technology (including its subset blockchain) is a government priority.

A new era for seamless payments in the UAE

First Abu Dhabi Bank’s mobile wallet payit to support UAE’s aim to become cashless

Credit card to facilitate donations for Abu Dhabi temple

One per cent cashback offer can be donated for the construction of the BAPS Hindu Mandir

United Arab Bank named CX Innovator at Genesys G-Summit Middle East 2019

The award was presented to Mr. Ravi Bhatia, vice president, Head of Digital Banking, during an awarding ceremony held during the G-Summit.

Fintech could stimulate Islamic finance industry

Fintech could stimulate growth by making transactions quicker, more secure, and easier to implement.

IBM bolsters investment in Egypt with two new Centersto accelerate digital transformation

The centers will foster innovation by providing an enhanced customer experience, connecting clients with high level technical expertise.

Etisalat, Noor Bank launch eWallet in UAE

The partnership is in line with the UAE Vision 2021 of creating smart knowledge economies that will enable a shift to a cashless economy.

DFSA’s role in supporting global FinTech innovation highlighted in the first GFiN Report

Titled “GFiN – One Year On”, the report details the GFiN’s many activities over the past year, the challenges it has faced, achievements, and its ambitions for the future.

Mena Fintech Association hatches expansion plan following Abu Dhabi launch

Initiatives include sector-specific committees, government lobbying and talent exchange scheme

Banque du Caire goes live with Temenos

The bank has benefited with a fast implementation of its digital front office by selecting our integrated, packaged product, Temenos Infinity.