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

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.

The growth of the fintech sector in the Middle East

Moving towards more homogenised regional frameworks can catalyse a wave of new fintechs to scale globally, opines Oliver Obitayo, CEO of IDnow Middle East

World’s exciting startups to chase Saudi Arabia's massive defense market

The biennial event will offer a unique platform for defense companies to present their solutions from the air, sea, land, space and security sectors.

OPay Group Targets Major Expansion in North Africa and the Arab Region

Due to the steps taken by Egyptian President, Abdel Fattah El-Sisi, and the support provided by Tarek Amer, Governor of the Central Bank of Egypt, has paved the way for the faster digital transformation of the Egyptian banking sector.

Qatar Fintech Hub opens applications for next generation banking hackathon

In this edition, the QFTH Hackathon Wave 4 brings on board Visa as a Challenge Partner who will also open their Fast-Track Incubator program to the winner of the Visa Challenge.

QIB introduces innovative new features to its award-winning mobile app

CleanTech innovation offers opportunities for Saudi investors

British companies seem to have certainly got the message and are making waves when it comes to innovation in green technologies.

Turkish fintech seeks Qatari investment

The financial technology sector in Turkey has grown significantly, and is looking to Qatar for further expansion.

Capital Bank of Jordan launches Blink neobank

In addition, users can manage their accounts, send and receive money, view their transaction history and withdraw money from domestic and international ATMs

Bank of Bahrain and Kuwait B S C : BBK launches its fifth operational 24/7 “BBKPLUS” Digital Branch concept at Souq Al Baraha in Diyar Al Muharraq

"The opening of this new branch at Souq Al Baraha in Diyar Al Muharraq is also part of BBK's network strategy of being present in all key locations of the Kingdom."

FinTech