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

DIFC-based fintech firms net $559m in funding during Jan-Sep 2022

DIFC’s fintech accelerator programme has attracted more than 3,000 applications from all over the world

Bitcoin’s bearish futures are signalling a slowdown into 2023

Bitcoin’s price has dropped 64 per cent since the beginning of the year

Paymentology partner Tweeq obtains e-money licence in Saudi Arabia

The e-money licence approval will allow the company to launch its mobile-first app, which provides services tailored to millennials and Gen Z.

Egyptian tech start-up Sideup raises $1.2m to fuel growth

Launched in 2019, the company is aiming to move its headquarters to Arab world's largest economy Saudi Arabia

IFZA partners with Wio Bank to provide Digital Banking Services

IFZA study reveals 50% of respondents believe business owners find it challenging to open a corporate bank account

Standard Chartered Launches Women in Tech Program in Saudi Arabia

The initiative is currently available in seven countries, including Saudi Arabia.

Islamic Coin wins ESG Crypto at The Middle East Blockchain Awards

The team has already engaged in Sustainability initiatives and recently presented at the WGGO Youth International Conference in New York, supported by the United Nations.

As crypto collapses in US, is Middle East going through digital renaissance?

The adoption of Web3, however, has witnessed a slowdown as cryptocurrency and NFT scams have become rampant in markets such as the US.

QNB promises easy, innovative banking during World Cup

Digital transformation at the heart of QNB’s products and services

Jingle pay partners with Mastercard to boost financial inclusion

Jingle Pay unlocks Mastercard's network of 90 million global merchants for its users

SwissBorg announces its launch the UAE

SwissBorg brings more than six years of expertise to the UAE, introducing a digital asset management app that takes the guesswork out of crypto investments.

Kuwait news: Open Banking and SWIFT transfers

Recently, the Central Bank of Kuwait has requested banks to update their plans for the implementation of the Open Banking Services project

AUB warns against dealing in crypto-assets – ‘Cryptocurrencies lack security’

These crypto-assets can be used in money laundering, terrorist financing and other related criminal activities that cannot be traced as they are done under fictitious names over the internet.

SABB partners with Visa’s Cybersource for its eCommerce Acquiring Business

With the aim of fostering the bank’s growth in an evolving and dynamic eCommerce space

Companies lured to ‘crypto hub’ Dubai have regrets thanks to FTX and Sam Bankman-Fried

The implosion of FTX, which went from a $32 billion valuation to bankruptcy in the ensuing weeks, sent crypto markets into a tailspin, driving billions of dollars in outflows from some of the biggest global exchanges.

Burgan Bank Selects Commencis as Its Technology Partner in Turkey

Burgan Bank’s digital bank ‘ON’ in Turkey has signed a strategic business partnership with Commencis

Burgan Bank selects Commencis as its technology partner in Turkey

At Burgan Bank, we track developments in technology very closely, and continue to renew and grow all our digital processes.

Deloitte expands Technology FAST 50 program in Middle East

Since its inception in the United States in 1995, the Deloitte Technology FAST 50 program has grown into one of the most well-known competitions for technology-focused start-ups and scale-ups.

GCC fintech hubs 'must build on billion-dollar momentum'

The number of fintech hubs in the GCC has risen from just one in 2018 to four in 2022 and the volume of late-stage funding rounds has almost doubled in the last five years

Geidea empowers women to compete in Saudi fintech boom

The training program contains several major fintech topics, such as the impact of fintech on business models across banking and finance and different strategies for growth.

FinTech