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

Saudi fintech Mozn enters UAE market with its AML platform

Mozn is working on a Gulf expansion, and the UAE office is first step towards that

KPMG’s Tech Innovator competition returns in Saudi Arabia

Start-ups that participate will be provided the opportunity to pitch their concept to investors and industry experts, enabling them to gain valuable insights going forward.

Ripple expands in the Middle East

Deepens commitment with new office and brings annual global conference to Dubai

Tarabut Gateway Raises $32 Million to Expand Saudi Open Banking

Open banking is reshaping the financial landscape in KSA and the wider Middle East, and we at Tarabut Gateway are proud to be at the forefront of this innovation

You can now pay your DEWA bill with Samsung Pay

DEWA is the first government entity in Dubai to adopt the Samsung Pay option within its digital channels

Qatar tech startup Snoonu raises $12mln in Qatar Development bank-led funding

The funding round was led by Snoonu’s strategic partner, Qatar Development Bank, along with the participation of several other investors

Dubai is bolstering its global fintech hub status. Here’s how

The DIFC Innovation Hub has launched wide-ranging initiatives designed to nurture entrepreneurship and support startups

ROSHN banking on technology to deliver high-quality communities

The Public Investment Fund-backed giga-project which is building over 200 million sq. m of integrated neighborhoods, aims to increase the rate of homeownership to 70 percent within the next 10 years.

Emirates NBD Priority Banking introduces Signature, an exclusive new proposition for the ultra-high-net-worth client segment

The invite-only proposition aims to offer an enhanced banking experience that matches the specific needs and objectives of ultra-wealthy customers maintaining an average balance of AED 7 million across deposits and investments.

3 innovative financial technology companies in Turkey

FinTechs in Turkey operate in a wide area

ADDED and Wio Bank to support growth of SMEs

Customers benefit from fast tracked application submission process and account opening

Mastercard and DIFC to drive digital transformation by partnering with FinTech companies

The partnership will provide FinTech companies with access to Mastercard's network and expertise and DIFC's world-class financial ecosystem

ADCB, Al Hilal Bank brings UK digital banking to UAE nationals

Nomo is part of BLME, a subsidiary of Boubyan Bank, and was set up to bring high-quality, Shari’ah-compliant digital banking to non-UK residents in the Middle East

QFCA partners with R3 to boost Qatar’s fintech sector

The pair will also set up working groups to “observe new and emerging regulatory paradigms” and support the QFC’s deployment of DLT at a national level.

Mbank partners with Dgpays to offer a digital wallet integrated with next-level financial solutions

The First of its Kind in the Nation

Jordan Ahli Bank becomes first in the Middle East to integrate AI to customer service with "ahliGPT"

The pioneering step reflects the bank's vision to integrate AI into its operations and improve the quality of services

574 cybercrime cases in Sharjah during 2022

The official said that electronic extortion is one of the most serious crimes at present, and it may push the victim to the brink of suicide.

KPMG partners with Saudi SMEs Authority for third edition of Global Tech Innovator competition

Chance for Saudi tech innovators to pitch against global peers

E-payment share in retail sector exceeds target as KSA pushes for cashless economy

This accomplishment comes from Saudi Arabia’s ongoing support and enablement of the financial sector over the past couple of years, reported the Saudi Press Agency.

Forbes Middle East Unveils The Region’s Top Fintech Companies 2023

Egypt and Saudi Arabia comprise over 46% of the list, with eight and six entries, respectively. Bahrain, Iraq, and Morocco all recorded one entry each.