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

Commercial Bank begins fast-track fund transfer to UK and Europe

The introduction of this new fast-track funds transfer service to the UK and Europe follows the success of ‘Commercial Bank’s 60 Seconds Remittance service’

Online Banking & Arab Millennials: A love-hate relationship

"It changed things for me, both professionally and personally"

Commercial Bank of Kuwait installs video kiosks at 68 branches

The system is based on TrueConf Server, a video conferencing software serve

Speakers Including the World's Top Fintech Influencers Announced at Third Middle East and Africa Fintech Forum in Bahrain

The FinTech conference will be held in Bahrain on Feb. 20-21 under the patronage of the Central Bank of Bahrain and hosted by Bank ABC and Arab Financial Services

UAE-Saudi digital currency will be restricted to few banks, central bank says

Aber currency will be used for financial settlements between the two countries.

Islamic banking software a rapidly growing market

It is expected that the market for Islamic banking software will grow further at a high rate beyond 2021

Israeli online broker eToro targets Southeast Asia’s young and savvy investors with global outlook

The Ping An-backed broker is targeting young traders with its machine learning-based ‘social trading’ platform

Open Banking: Growing in customer trust in 2019 by Herbert Leonelli, Profile Software

The banking industry is looking to achieve strong customer authentication, consent and reliability as required by PSD2, Open Banking and GDPR.

Middle East cryptocurrency exchange ‘Rain’ to be Shari’a compliant

Rain was founded in 2016 by four entrepreneurs Yehia Badawy, Abdullah Almoaiqel, AJ Nelson and Joseph Dallago.

Banks move toward digitisation, fintech

NBE launches first e-service branch; Banque du Caire to introduce first smart branch

Striking A Balance Promoting Data Privacy While Addressing Business Needs by Jacques Visser, DIFC

While it stems from the EU, it has affected every company that trades with the bloc or has EU data subjects as customers.

How technology affects wealth management business value

Additionally, many firm founders and principals are approaching retirement age, not unlike their baby-boomer clients.

Al Mustashar Islamic Bank goes live with ICSFS core banking system

Al Mustashar will be implementing ICS BANKS ISLAMIC Core Banking System, Credit Facilities & Risk Groups, Murabaha, Musharaka, Ijara, Mudaraba, Qard Hasan, Time Deposit, Profit Distribution, Remittances and Trade Finance.

Bahrain as a tech hub is starting to see 'green shoots' of progress

Coding and programming are becoming viable career paths, according to Economic Development Board head

UAE to implement new technology to reduce cheque fraud

Banks in the country plan to use QR codes to improve cheque security

Saudi Arabia and UAE cooperating on regional crypto coin

Most regulatory agencies have been wrangling with the digital currency concept for years, searching for existing regulations that could be used to police exchange compromises and protect investors from outright fraud.

Medsbla reports over 100,000 registered users globally with growing demand in the UAE

Spanish start-up participating in Arab Health 2019 to present flagship platform Medsbla, an encrypted communication system exclusively for the healthcare industry

Coinbase Targets High-Volume Investors In Asia And Europe, Adds SWIFT Support

The firm also said that a select number of its Coinbase Prime customers will have access to the platform’s Custody cold storage services.

IIFM and BAFT Publish Shari’ah-Compliant MPA’s for Islamic Trade Finance Business

The IIFM-BAFT MPA’s are developed based on a comprehensive industry consultation process under the guidance of the IIFM Shari’ah Board and provide the financial market participants with a robust and ready to use documentation,” said Ijla

Saudi Arabia and UAE to launch new banking crypto-currency

The Middle East is another region exploring the application of blockchain and private crypto-currencies to improve banking and cross border payments