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

Kuwait International Bank launches video call banking service

Customers will be able to talk to representatives face-to-face.

Understanding the state of cryptocurrency in the UAE

Lack of regulations isn't hindering a surge in investments in crypto-based firms.

Bank Hapoalim Opts for Wolters Kluwer's OneSumX Software for Measuring Counterparty Credit Risk (SA-CCR)

OneSumX Credit Risk calculates credit valuation adjustment, debt valuation adjustment and funding valuation adjustment, enabling exploration of the correlation between credit, market and behavioral risk in an integrated approach.

Cybersecurity: Staying one step ahead

Stephan Berner, CEO at Help AG, sheds light on how financial institutions should approach their cybersecurity strategies

QFPay raises $20mln in its latest round of funding from an all-star roster of investors

QFPay secures an all-star roster of new strategic investors in the latest round of capital raise including MDI Ventures, Rakuten Capital and VentureSouq; existing investors Matrix Partners and Sequoia Capital China also participated

Kuwait hit in Pyongyang cyberattack

UN experts investigate at least 35 instances in 17 countries

Crypto currency reigns

In previous comments to the GulfWeekly, Abdullah has said: “Rain is incredibly excited to watch the cryptocurrency continue to evolve.

Will Egypt launch its own official digital currency?

In May 2018, Facebook announced that it was seeking to launch its own cryptocurrency in dozens of countries, but the July 31 statement said that the initiative faces a great deal of criticism from regulators and lawmakers around the world.

Nigerian Edmund Olotu’s TechAdvance raises $1m from Bahrain investor

Ventureburn sought comment from the company on its expansion plans, among other questions, but had not received a response at the time of publication.

Challenger banking comes to trade finance with the launch of the Anglo-Gulf Trade Bank

74 percent of rejected trade finance applications stem from micro, small and medium sized businesses.

Crypto criminals rake in $4.3 billion in 2019 so far, says new report

Over just the last few months alone, hackers and cyberthieves managed to steal roughly $160 million in assorted crypto funds

Investment in adviser fintech lowest since early 2018

Dip in venture capital funding, but early stage companies are tackling a variety of adviser challenges

Abu Dhabi’s Mubadala throws support behind cryptocurrencies

Mubadala invests in MidChains, an Abu Dhabi-based exchange for cryptos

Why banks need to undergo 'bionic transformation'

As tech continues to evolve customer expectations and interactions, banks are quick to respond to meet their demands

Israeli Cryptocurrency Traders Locked Out of Banking System: Report

The issue is not the tax authorities

UAE is not a mature PE market but technology might help managers’ fundraising efforts

For newer, less mature PE markets, such as the one being developed in the United Arab Emirates, technology tools combined with traditional roadshows are enabling managers to connect with new investors, be it for primary or secondary PE fund products.

African Fintech firm enters UAE market to empower African expat community with financial solutions

African payment gateway Innovate 1 Pay this week announced that it is launching its Dubai office, bringing easy and seamless money transfer and payment services to African expatriates in the region.

Saudi British Bank believes blockchain can revolutionize global trade

Saudi Arabia is among the top nations who depend on international trade a lot.

Dubai’s DIFC-based InsurTech firm secures new blockchain deal

The global InsurTech market revenue was valued at $533mln in 2018 and is expected to reach over $1bln by 2023

Middle East investors embrace tokenisation to build sustainable wealth

UAE to publish concrete legal frameworks for tokenised assets soon in a bid to improve legal security

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