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

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.

MENA Fintech Association appoints Bryan Zhang, Co-founder of Cambridge Centre

For Alternative Finance, to Advisory Board (Academic)

Al Baraka Bank to acquire 10% of Taly for digital payments within two months

The sources revealed that the bank is considering raising its stake in Al Tawfeek Financial Lease (AT Lease) to more than 10% during the coming period, explaining that the bank owns a current stake estimated at 7.5%.

UAE bank selects Paymentology for digital card services

The collaboration comes as the UAE undergoes rapid digital transformation, with 52 per cent of consumers planning to go cashless by 2024, according to Visa.

UAE based AI-powered full stack commerce and embedded finance firm Sterve forays into Oman

Sterve has got tremendous response in UAE where it is already working with more than 4000 businesses and their shopping webfront has reached to 450,000 end customers

The CBB issues a new regulatory framework for digital tokens

Further developing the crypto-assets market

Kuwait ministry warns against scammers using fake links to steal banking data

The ministry advised the public to make sure that the link they received ends with “moci.gov. kw”, not with “.net or .com” or any other domain extension.

Ride-hailer Careem in advanced talks with UAE's e& for Super App investment - sources

Careem began seeking outside investors last year to help finance its Super App, which offers services outside its core ride-hailing business such as food delivery, bike rentals, digital payments and courier services

AI may affect 300 million jobs but will boost global economy and labour productivity

Adoption of artificial intelligence technology can increase annual GDP by 7% over 10 years

Women in tech: Tatiana Rahal, managing director at talabat UAE

Women should appreciate their own value and emulate that belief in everything they feel, think, do or say