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

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.

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”.