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

ICAEW and UAE Banks Federation join forces to guide firms in digital currency adoption

This initiative coincides with the UAE's advanced pilot of Central Bank Digital Currencies (CBDCs)

Egyptian lending marketplace Qardy secures pre-Seed investment

Qardy, the operator of a digital lending marketplace in Egypt and the Mena regions, has secured a $7-figure pre-Seed round of investment with participation from White Field Ventures and Vastly Valuable Ventures.

India and the UAE lead globally in adoption of AI and Gen AI

The AI investment can be seen across most industries.

Finastra and Tech Mahindra sign strategic partnership to accelerate digital transformation for corporate banks

Tech Mahindra will become Finastra's exclusive global implementation partner for its Cash Management platform

UAE’s myZoi launches financially inclusive digital wallet with “one-to-many” transfer capabilities

The start-up’s ongoing commitment to financial inclusion and literacy is further supported by an interactive gamified financial education programme called MoneyTips

Central Bank Approves One Bank, Egypt’s First Native Digital Bank

This digital-only approach is expected to reduce banking fees, as it eliminates the need for physical branches and associated infrastructure costs.

Ooredoo Kuwait Group reported a 9% increase in revenue to KWD 346mln in H1 2024

Earnings per share of 50 fils

New technologies an opportunity and risk for internal audit

A new report from KPMG explores how technology is re-shaping the way how organizations can organize and run their internal audit function

Tech Imprints: How the UAE is approaching data protection

They discuss the significant changes introduced by the new federal data protection law, its impact on organizations managing personal data, and the future of data protection in the region.

Egyptian fintech Dopay raises a $13.5M Series A extension round to boost offerings and accelerate expansion

The fintech plans to leverage the new funding to accelerate its rapid expansion in its initial market

KPMG publishes playbook on how AI can drive functional transformation

To help businesses overcome this barrier and tap into the potential of AI

Omnix International launches conversational AI-as-a-Service

Omnix’s latest offering accelerates AI deployment, cuts costs, and enhances customer interaction across diverse sectors.

UAE’s Artificial Intelligence Office, Mastercard and First Abu Dhabi Bank launch joint AI Challenge

The competition will culminate in a pitch day, where finalists will be assessed by a panel of experts from the three partners.

QNB & NPCI International partner to launch UPI Payments in Qatar

This announcement is of particular significance as Indians rank as the second largest group of international visitors to Qatar.

Al Salam Bank Launches “Digital Personal Finance” Campaign On Mobile Application

The Digital Personal Finance service aims to provide clients with a variety of financing options through AI-powered offerings.

Codebase Technologies and Capital Investments win segment award for wealth management

At IBS Intelligence Digital Banking Awards 2024

Mastercard inks deal with UAE-based LuLu Group

The partnership will introduce revamped features and benefits

NBK first bank to implement Super iPaaS solution in the region

Al-Kharafi: This step will enable operational execution efficiencies, in line with our strategy to develop digital propositions in our international markets

Network International Partners with NPCI International to enable UPI QR payment acceptance across its merchants in the UAE

Unified Payments Interface (UPI) enables users to make QR code-based real-time payments

NBK advises to use strong passwords and never share them with anyone

Calling customers to keep always updated with latest phishing trends to take precautions

FinTech