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

UAE’s digital economy to reach $140bn in 2031: Dubai Chamber of Digital Economy

The chamber’s plans include attracting 300 digital startups and 100 tech experts to Dubai by 2024

Globaleye unveils wealth management platform

In a bid to address a gap in the Middle East market for digital advice

Saudi Central Bank engages with fintechs and banks on CBDC

The Governor of Sama Fahad Almubarak says that it has engaged both local banks and fintechs

Commercial Bank International collaborates with Mastercard to launch World Elite Exclusive card for invitation-only clients

CBI’s premium banking customers to enjoy elite loyalty services and priceless experiences

Offering crypto will bolster banks' books dramatically: Seba Bank

Despite the crypto winter and the contagion effect of the FTX collapse, the industry remains strong, says Christian Borel.

New Lab Paves Way for Saudi Arabia’s Open Banking Launch

The initial rollout, which only facilitated Account Information Services (AIS), has now been expanded to include Payment Initiation Services (PIS) and represents the latest in a series of regulatory initiatives undertaken by SAMA

How ITC Infotech is well positioned to be the tech partner of choice for Middle East clients

The company harnesses its expertise to deliver the best solutions to the banking industry

Cryptoverse: Bitcoin digs in for a bumpy new year

Cryptocurrencies have crept into the new year, licking their wounds after the carnage of 2022

The Implications of ChatGPT and AI Models on Fintech and Banking

For Alex Lazarow, a global venture capitalist (VC) and author, AI models like ChatGPT will not only affect fintech thought leadership, but could also potentially deliver financial services.

IT services firm to be Qatar's first to use book building for IPO

Qatar introduced the regulations for book building in February 2021 to help entice foreign investors and elevate its status towards a developed market.

SAMA launches Open Banking Lab to facilitate financial innovation

The first version focused on account information services, and the second will concentrate on the payment initiation service.

Central Bank of Turkey Successfully Tests Payment Transactions Using Digital Lira

2023 will also see the CBRT select a range of banks and fintech companies to participate in new tests on the Digital Turkish Lira Collaboration Platform.

Flat6Labs and Wio Bank sign MoU to streamline and enhance SME-centric banking services for start-ups in Abu Dhabi

Start-ups from Flat6Labs Ignite will have the opportunity to take advantage of Wio’s innovative banking products and services under Wio Business

Abu Dhabi bank launches tokenized payment system using wearables

There have been numerous fintech developments in the United Arab Emirates this year.

Dubai Chamber of Commerce launches FinTech and Payments business group

“The new FinTech and Payments Business Group is a great addition to our network of business groups, and we believe it will play a pivotal role in supporting members and the emirate’s private sector to drive FinTech growth and serve as a platfo

Al Salam Bank Launches the First-Of-Its-Kind Digital Self-Service Kiosk

This comes in line with Al Salam Bank's ongoing commitment to staying ahead of the latest trends in digital technology, ensuring the delivery of a refined, transformative client experience.

Bank of Israel gives green light to Palo Alto’s Nir Zuk for new digital bank

The approval marks second time in three years that a new bank will be set up in Israel; plan is for digital bank to offer attractive interest rates and services without commissions

Temenos and NdcTech sign partnership to expand market reach in Bahrain, Kuwait, Oman, Pakistan, Qatar, Saudi Arabia, and UAE

Financial institutions will benefit from Temenos’ world-class banking platform and NdcTech’s regional expertise to offer Country Model Bank functionality in these countries

UAE launches new AI-powered mobile app for crop disorder detection

The new application – called Dr. Nabat – is developed through collaboration between the International Center for Biosaline Agriculture (ICBA) and the University of Barcelona, Spain

Pure-play digital firms yet to make a mark on Middle East financial services: PwC

The one area that is likely to continue to be a growth constraint for financial services in the region is the regulatory structure around cloud services, according to an expert