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

Jordan Ahli Bank taps Fintech Galaxy to comply with open banking standards

A month later, it had also acquired Egyptian open banking platform Underlie for an undisclosed sum, in a bid to expand its regional open finance footprint.

Dubai-based last-mile delivery startup secures $16mln in funding

The GCC’s last mile delivery market is expected to reach $1.85 billion in 2027

Crypto.com wins Dubai licence

Once approved, the Virtual Assets Service Provider (VASP) licence will allow Crypto.com to offer various services in-market to retail and institutional investors

Saudi fintech LYNK raises new round of investment

Launched by BIM Ventures' Saudi Venture Studio in early 2023

Mastercard, Ottu partner to boost payment access across GCC

Mastercard Gateway offers advanced payment processing and fraud prevention technology to acquiring banks, merchants, micro-merchants, and technology partners

Abu Dhabi’s Core42 sets new benchmark for Arabic LLM with Jais 30B

The homegrown large language model offers 160 per cent longer and more detailed answers in Arabic and a 233 per cent increase in English

Crypto firm Phoenix Group is next UAE IPO, with Dh1.3b offer opening November 16; price set at Dh1.5/share

Phoenix's is the first stock market float by a crypto business in the Middle East

Interview: Positive Technologies maps cybersecurity trends in MENA

Cybersecurity threats have grown in scope and size with government and enterprises having to adopt a comprehensive approach to protect their digital assets

Dubai regulator VARA wants virtual asset firms to get licensed by November 17 - failure invites 'enforcement'

Virtual asset businesses lagging on applications must get their acts together

XRP Approved by DFSA For Use Within the DIFC by Licensed Virtual Asset Firms

It’s refreshing to see the DFSA encourage the adoption and use of digital assets such as XRP to position Dubai as a leading financial services hub intent on attracting foreign investment and accelerating economic growth.

Dubai-based BNPL Tabby raises $200m at $1.5bn valuation

The fintech’s Series D round could be followed by an initial public offering

Al Fardan Exchange Launches Aani Instant Payment Platform Making ‘UAE Closer to a Cashless Society’

This strategic initiative also signifies a significant leap in the UAE’s digital payment landscape.

Generation Start-up: How Vault seeks to reshape investment practices in the UAE

The ADGM-licensed digital wealth management platform aims to provide high-net-worth individuals with transparent advice

Turkey plans to finalise crypto regulations in 2024

A key focus of this programme is the establishment of regulations governing the use of cryptocurrencies within the country by the end of 2024.

Africa and Gulf Bank Selects Temenos to Deliver Digital Transformation on the Cloud

Temenos digital and core banking solution will enable the bank to provide innovative products faster to retail and corporate customers in Sudan and around the world

Ajman Bank launches retail super app in partnership with Codebase

Leveraging Digibanc’s microservices architecture

Global insurtech firm Democrance expands footprint in Saudi Arabia

Democrance helps insurers increase their digital sales and access new customer segments

UAE: Emirati experts create AI-powered auditing platform

Al Mersad, developed by Abu Dhabi Accountability Authority, will bolster the speed and accuracy of auditing process

Turkish fintech Figopara taps Provenir to automate risk decisioning

Cuneyt Aydemir, risk management director at Figopara, says that the company recognises that an “evolving financial risk landscape demands a more refined, real-time, and predictive risk assessment model”.

Visa Launches Payment Instalment Solution to Support GCC Businesses

Visa explained that the solution aims to offer eligible Visa credit cardholders flexible payment options, enabling them to effectively manage their budgets and make larger purchases more affordable.

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