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

Bahrain and Singapore strengthen cooperation in FinTech

The MOU also sets out a common framework to help FinTech companies prepare for regulatory requirements in both countries.

Iran Finalized the Development of Rial Backed National Cryptocurrency

The central bank of Iran signed a contract with Informatics Services Corporation to design and develop a national digital currency.

Middle East’s banking industry headed for tech revolution

Technology adoption not a choice but an imperative as fintech changes sector landscape

First Abu Dhabi Bank taps AI tools for merchants portal

FAB said that the portal compares performance of merchants’ brands with their competitors and tracks industry trends.

Running behind: Arab regulators need to move faster and in step to catch up with banking innovation - Dubai-based fintech CEO

Zawya Express presents the top story, topic or trend highlighted by our editorial team as recommended reading to start your working day

Dubai payments firm Network International selects banks for potential listing

The IPO could value the firm at about $3bn

Middle Eastern Nations Aim to Become Force for Innovation

Digital transformation is changing the look of cities in the region, and it has emerged as a surprising leader of smart cities and other newer technologies.

Bahrain authority recognises InfoWatch’s contribution to cybersecurity

The company then received an award in the International Recognition category.

WeInvest sets eyes on UAE, opens office in DIFC

The Singapore firm, a finalist at the FinTech Hive initiative, is a robo-advisory platform-as-a-service provider for financial services provider

Standard Chartered rolls out instant messaging service for priorty clients

Clients will also be able to do video and voice calls and conferences with their Private Bankers and Relationship Managers, and invite additional Investment Advisors or Specialists as needed.

Dubai’s first regulated cryptocurrency exchange launches

UAE is open and very positive about cryptocurrencies, AI and other nascent technologies and increasingly attracting investments and startups in these areas.

QAB Launches Innovation Lab, Hub

Those interested can register for the Innovation Hub competition, that will be held on January 25, with their proposed idea and names of team members on www.oman-arabbank.com/theinnovation hub.

Dubai with its first official cryptocurrency exchange

Dubai has set the ambitious goal to have its government operations 50% blockchain-based by 2022. A stablecoin called Emcash is also being discussed as a possible future step for Dubai.

Temenos further strengthens relationship with Arab Bank for Investment and Foreign Trade (Al Masraf)

with signing of digital change management and training platform, TLC Engine

Singapore-based digital wealth startup WeInvest expands to UAE

The spokesman added that wealth penetration within banks in the Middle East has been low for private and retail banking customers.

DIFC set to make first investment from $100mln fintech fund

Fund is "in the process of being seeded and structured as we speak", says chief business development officer Salman Jaffery

Crypto giant Ripple plans to open office in Dubai

Senior Ripple executive says Middle East is important as a new market for the company

Ripple Announces Expansion in the Middle East, Reveals Nearly 200 Financial Institutions Have Joined RippleNet

On average, every six days Ripple is adding a new customer to its network of payment providers that utilize the company’s software solutions to process cross-border payments.

Dubai’s IFC becomes a hive of activity for Fintech start-ups

As many as 25 per cent of he applications were from Dubai-based start-ups

Fintechs blend technology and traditional processes

Innovations in the field of RegTech, blockchain, robotics, Artificial Intelligence (AI) and digital-only banking are fuelling fintech's rapid growth in the region.