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

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

SAMA receives requests to open digital, traditional banks

The central bank will call for public opinion soon on the fifth update of opening bank accounts

Saudi Arabia, UAE Launch 7 Strategic Initiatives

The initiatives include areas of collaborations and setting forth the joint vision of economic, social and military integration between the two countries.

Cryptocurrency, SME platform among initiatives launched by Saudi-UAE alliance

The seven new measures cover integration in the fields of financial markets, tourism, aviation, entrepreneurship, customs and security

How AI is transforming the fight against money laundering

Data scientists have made major leaps in the past decade to get us here.

Virtusa's open innovation platform powers open banking sandbox in Middle East

The Open Innovation Platform will provide Emirates NBD access to ready proof of concepts and help transform a concept into working prototypes.

Is AI a matter of survival for the modern bank?

AI will save the banking industry an estimated US$1 trillion and by 2030 traditional financial institutions will be able to enjoy a 22 percent reduction in operating expenses due to AI across front, middle and back-end operations, enabling greater focus o

Central Bank of Kuwait’s CDO on transforming the country’s financial sector

Recently appointed as the bank’s CDO, he is on a mission to drive its digitisation as well as transform the whole banking sector in Kuwait.

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