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

Saudi Awwal Bank partners Singapore’s PayerMax for digital payment enhancement

This effort is part of SAB’s broader strategy

Fawry’s BNPL business reaches EGP 1bln in total disbursements since inception

This underscores the company’s ability in expanding reach and influence of the "Buy Now, Pay Later" service among consumers

Mastercard and Amazon Payment Service join forces in Middle East and Africa

Mastercard and Amazon Payment Services have signed a multi-year commercial partnership agreement to digitize payment acceptance in Middle East and Africa

How an AI-driven platform is bridging linguistic and cultural gaps in content creation

New platform combines the power of AI and human expertise to offer accurate, culturally nuanced content in different dialects

Revolut bags investment from UAE sovereign fund

Revolut has also started to apply for banking licences in the Middle East in recent weeks.

Mubadala acquires stake in Revolut

The company was seeking to expand its suite of services and revenues outside of Europe while serving the meets, demands, and preferences of clients and customers.

Ras Al Khaimah Transport Authority wins Middle East Technology Excellence Awards 2024

It has launched several initiatives to impact the transportation industry with technological capabilities, ensuring organisational success.

CGC launches a platform for information exchange with banks

Provides real-time portfolio analysis services

Qatar leading the way in AI driven revolution in construction

These innovations aim to provide users with sophisticated tools, similar to ChatGPT, to assist in journey planning and decision-making.

UAE takes the lead in AI as international markets face talent race to meet global demand

The Future AI Economy will take centre stage at GITEX GLOBAL 2024, the world's largest tech and startup event, taking place from 14-18 October in Dubai

Ooredoo Qatar enters multi-year partnership with Oracle to drive digital transformation

This integration not only streamlines operations but also provides deeper insights into core service processes, setting a new standard for operational efficiency and customer experience.

How the Middle East is redefining sustainable wealth management

Automated processes in wealth management are proving to be a double boon

Settle Payments secures $2mln pre-seed funding led by Shorooq Partners to overhaul B2B payments in Egypt

SETTLE’s services will automate critical financial operations and offer companies across Egypt and other areas real-time cash flow management for better decision-making

Mastercard and First Abu Dhabi Bank: Harnessing the power of partnerships to drive payment innovation across the region

A case in point is the long-standing collaboration between Mastercard, a global technology company in the payments industry, and First Abu Dhabi Bank (FAB), the largest bank in the UAE.

Beyon Money wins ‘Best Mobile Payments App’ Award at MEA Finance Awards

This is a proud moment for us and is a result of the commitment of all Beyon Money’s team members in Bahrain and in UAE, as well as our customers’ trust and loyalty to Beyon Money’s products

Paymob secures $22m extension to Series B funding, raises $72m in total

The additional funding will further boost Paymob’s efforts to expand its regional footprint and reinforce its position as a leading payments provider in the region

EBRD promotes digital transition in Egypt

The Bank’s investment will support Paymob’s product development

Vision Bank launches digital banking app in Saudi Arabia

Our vision to transform banking with unprecedented simplicity

KPMG bring its global ServiceNow alliance to Bahrain

This alliance underscores our commitment to helping businesses in Bahrain achieve digital excellence.”

Abu Dhabi fintech FlapKap secures $34M in debt and equity funding

Abu Dhabi-based FlapKap, a leading fintech platform providing revenue-based and embedded financing solutions in the MENA region, today announced the completion of $34M in new debt and equity funding.

FinTech