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

Is Blockchain Halal? These Startups are Transforming Islamic Finance

The UAE-based Al Hilal Bank became the world’s first Islamic Bank to complete a sukuk transaction on the blockchain on the Abu Dhabi Global Market Financial center.

10 Takeaways from the Fintech Ecosystem Playbook

Three relevant examples are Switzerland with cryptocurrency and blockchain, Malaysia with Islamic banking, and Stockholm with payments, the report notes.

Ripple partner National Bank of Kuwait ties up with SWIFT’s global payments innovation

While the partnership with Ripple is aimed for instant transactions, the recent partnership with SWIFT’s gpi will allow customers to execute same day transfer and use of funds.

What’s New in FinTech

Related to that is a willingness and recognition that shared next-generation technology platforms can make a big difference within and across institutions to create network value.

Blockchain is making its way into Islamic finance

UAE-based Al Hilal Bank in November last year became the world’s first Islamic bank to execute a sukuk transaction via blockchain on the Abu Dhabi Global Market financial center.

Blockchain Cross-Border Payments Service Launched By National Bank Of Kuwait

The new blockchain-based service, called NBK Direct Remit, currently allows money transfers to Jordan and will soon add services to more countries.

Largest Bank in Kuwait Integrates with Ripple for blockchain Cross-Border Payments

This direct remittance is actually packaged to serve the Jordan area, it costs just KD 1 per transaction when transferring to NBK Jordan and KD 5 when transferring to other banks in Jordan.

The AI Gap: Why the Middle East needs to disrupt businesses right now

The key revelation around AI that we should all be mindful of — is if we want to progress as entities — is that the technology has now matured to a level where it is set to disrupt almost any technology-based industry.

Arrow Capital selected Axia for their wealth management operations

Axia is an advanced web-based investment management platform that is continuously being enriched with new and innovative tools, offering a competitive user experience across functions, creating added value to the Firm’s internal operations, client-f

Majority in Gulf ‘prefer online banking’

Fournier was commenting on RBBi’s research study on the local banking and financial industry titled “An Analysis of Banking Websites in the Gulf region”.

Majority in Gulf ‘prefer online banking’

Fournier was commenting on RBBi’s research study on the local banking and financial industry titled “An Analysis of Banking Websites in the Gulf region”.

FundedByMe gets the nod for UAE crowdfunding debut

Equity crowdfunding platform FundedByMe is looking forward to next year as it has got approval to start operating in Dubai.

Dubai's biggest bank first to support Fitbit Pay, Garmin Pay

Emirates NBD says move comes as wearable payment solutions gain popularity in the UAE

Bahrain under crypto spotlight

The Central Bank of Bahrain (“CBB”) on Thursday issued for consultation, the draft rules on Crypto-asset Platform Operators

Kuwaiti official says digital economy key to sustained development

She revealed that some 70 digital economy experts have come together for the talks, saying that such events provide an opportunity to become informed of the latest research in that field.

UBF explores adoption of blockchain in banks

Banks to focus on digital transformation and Emiratisation

Central Bank of Egypt (CBE) to Explore Digital Currency Issuance Options

The Central Bank seems to be inspired by other banks around the world that have chosen to emit cryptocurrencies and digital currencies of their own national tokens.

Ripple to Launch Blockchain Remittances to Asia with Major UAE Exchange

The source also confirmed that Asia is “one of the largest recipients of the $613 billion in remittances estimated to have been sent globally in 2017”.

First Arab Digital Economy conference kicks off in Abu Dhabi

Governor of the Central Bank of Egypt Tarek Amer and former telecommunications minister Atef Helmi attended the first session.

The League of Arab States Launches the Common Vision for Arab Digital Economy

The launch of the vision was headed by Ahmed Aboul Gheit, the Secretary General of the League of Arab States, and members of Arab States from Arab Ministers visiting Abu Dhabi and attending Arab Ambassadors to the UAE.