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

Capiter, QNB Alahli sign cooperation agreement

Negm said that the CBE seeks to reach a cashless society and transform Egypt into a regional centre for financial technology in Africa and the Arab world.

Wizz Financial to introduce live digital payment platform in the UAE

Wizz Financial will partner with NPCI International Payments, the international arm of National Payments Corporation of India

Russians Liquidating Crypto In UAE As They Seek Safe Havens

Crypto firms in UAE are deluged with requests to liquidate billions of dollars of virtual currency as Russians seek a safe haven for their fortunes

Charting the growth of the regional fintech ecosystem

Saxo Bank MENA’s CEO Damian Hitchen talks about the region’s fintech space and the challenges faced by the financial sector

Binance gets first Gulf crypto licence from Bahrain

The world's largest cryptocurrency exchange will be able to provide crypto-asset trading, custodial services and portfolio management to customers

Masdar, Mashreq to progress UAE SME, start-up ecosystem

This will include easy access to NeoBiz, the bank’s first digital banking platform designed specifically for start-ups and SMEs

Top Strategic Technology Trends for 2022

Composable applications make it easier to use and reuse code, accelerating the time to market for new software solutions and releasing enterprise value.

Abu Dhabi Islamic Bank enhances its digital banking ecosystem

More than 75% of customers are digitally active on ADIB’s online banking platforms

National Finance introduces WhatsApp with real time automated messaging

The enhanced service comes in line with the company’s vision toward adopting digital transformation and improving customer experience

NBO Suite of Solutions Offer Customers Seamless Digital Payments

NBO’s latest digital payment solutions include the constantly-enhanced mobile app

Saudi IT firm Arab Sea swings into profit in 2021 as revenue more than doubles

The Riyadh-based company erased losses of $4.21mln from a year earlier

The middle east blockchain ecosystem “Crypto oasis” is expected to reach 1000+ organisations target by Q2 2022

Innovation and disruption ignites surge within the Blockchain industry, and the local regulators are supporting the progress

Bank of Israel explores impact of digital Shekel on banking system

The Bank of Israel analyzed the potential impact of issuing a CBDC on the stability of the banking system

SWVL and Paynas partner to empower captains with integrated financial services

The partnership enhances financial inclusion for traditionally under-resourced captains through a suite of resources and benefits

Three Egyptian banks to launch fintech fund

Egypt has grown rapidly in the field of fintech over the past few years, as investments in the field soared over 300%, Negm added.

National Bank of Oman Earns Fifth Citibank STP Excellence Award

Citibank is considered the industry’s premier provider of U.S. Dollar payment services, providing clearance for a vast majority of banks in the region.

Egypt’s banking system processed 1 bln electronic transactions in 2021: CBE

The CBE is also ramping up to launch a digitised system called ‘Know Your Customer’ (EKYC), which will enable citizens to open their bank accounts online without needing to visit bank branches, according to Hussain.

Western Union partners with Banque Saudi Fransi for digital money transfers

Established in 1977, BSF provides superior banking services to both corporate and retail clients and aims to create a long-term and personalized partnership with all its customers

Ajman’s Department of Finance 'Fursan Robots' wins UAE Innovates 2022

This award reflects the commitment of the Department to advance its achievements and innovations in artificial intelligence

Saudi tech firm Master Works raises $40m in first round of funding

Al-Lehaibi added that Master Works intends to expand its product portfolio and continue focusing on data and digital transformation.

FinTech