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

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.

Bank Hapoalim Partners With Local Startup to Give Biometric Access to Bank Accounts

Using AnyVision’s facial recognition technologies, the bank can let customers open a bank account online without having to come to the bank personally, Ronen Yochpaz, a vice president at the bank said

Islamic banks slow to adopt tech, start-ups drove innovation in Shariah-compliant finance in 2017: study

The study also said there is still "substantial" white space for the Islamic finance industry to develop, in particular through a closer alignment to the United Nation's Sustainable Development Goals (SDGs) and broadening access to private

Deciphering the fintech boom in the Mid East

It is still at a very nascent stage, but with 86 per cent of adults in the region remaining unbanked and with some of the highest mobile penetration rates in the world, the Middle East market is ripe for testing and scaling these new technologies.

Disrupting The Old Order: Fintech In MENA

While total investment in fintech companies worldwide in H1 2018 hit US$57.9 billion across 875 deals, the $2 billion fintech market in the MENA region has only seen $150 million in investments in the last couple of years.

Crypto Exchange Huobi Reveals Global Expansion and New Partnerships Plans

The first step in the ambitious regional expansion would be forging alliances with local blockchain notables.

HSBC: We invested $9bn in FinTech sector

Assaf revealed that the HSBC Group invested a huge amount in technology amounting to $9 billion in order to reach the current situation.

New digital bank Anglo-Gulf Trade Bank enters trade finance space

Explaining the idea behind starting up a new bank in what is today a heavily over-banked region, its deputy CEO Daniel Gould tells GTR that AGTB is “not like any other trade bank in the Middle East or the world”.

Bank of Israel: We Want to Help Blockchain Companies

Regulators were speaking at the Israel Blockchain Summit alongside a number of prominent blockchain companies

Bahrain Fintech Bay launches Islamic finance centre

GISFC aims to onboard more partners as it seeks to drive the Islamic and sustainability FinTech development agenda

Turkey Seeks Haven in Crypto With Lira Plunge. Regulation Promised Soon

Turkey is often called as a newly industrialized country by economists and political scientists, while the World Bank classified it as an upper-middle income country in terms of the country's per capita GDP in 2007.

Accelerating digital transformation in banking

Findings from the global consumer survey on digital banking

Enhancing Middle East trade through technology

Artificial intelligence (AI) is one example. AI refers to simulated intelligence in machines that have been programmed to mimic human action and rational thought.

Banks’ Revenue Growth at Risk Due to Unprecedented Competitive Pressure Resulting from Digital Disruption, Accenture Study Finds

Digital-only banks, fintechs and big tech companies are quietly gaining customers, while incumbents struggle to make strategic investments in their digital future

FinTech