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

Al-Rushood: digital transformation is at the heart of the Kuwaiti banking sector

He explained that digital transformation in Kuwait is in line with its 2035 vision.

Banque Misr signs cooperation protocol

It’s among the leading providers of electronic collection services through QR Code using the Meeza network, which transfers to mobile phone wallets.

Online payment gateway noon payments launches in Egypt

The payments solution accepts a variety of payment methods including Visa, MasterCard, Meeza, and others, and allows returning customers to save cards for future purchases, resulting in increased transactions and conversions.

Cedar supports Islamic Bank in Oman with setup of digital bank

Planned for launch in the next 12-18 months, a project team has over the past months created the fundament for bringing the plan to life, developing an overall new venture approach and roadmap.

KPMG: Saudi Arabian insurance firms pursued digitalization and expected to close year-end with higher top-line

Financial Performance of 28 Saudi insurance companies until Q3 2021 continued top-line growth trend

Saudi fintech Lean raises $33 million

Besides Sequoia Capital India, existing investors and newcomers including General Electric Co.’s former chief Jeff Immelt participated in the Series A round.

Al Rajhi Bank Malaysia Selects Thought Machine to Build a State-Of-The-Art Islamic Digital Bank

Thought Machine has been selected by a number of tier one and large retail banks and the company also works with smaller, agile fintechs and challengers.

Crypto platform Rain secures in-principle approval for FSP from UAE's ADGB

Once Rain satisfies FSRA approval, the permission will allow it to offer services outside the GCC and list a greater number of virtual asset pairs

Bahrain's CoinMENA obtains second cryptocurrency license from European Union paving the way for expansion to new jurisdictions

CoinMENA's second licence obtained after the Central Bank of Bahrain (CBB) license

NBK launching new services for the first time in Kuwait on NBK mobile banking app

The new features help customers better control their spending and access all services with utmost speed

Arab Financial Services and Spotii partner to launch "Buy Now Pay Later" in Bahrain

This is through its latest partnership with Dubai-based, Buy Now Pay Later solution provider, Spotii.

Misr Capital and Fawry launch ‘Fawry Yawmy’ money market fund using fintech for the first time in Egypt and MENA

With a minimum initial investment ticket of EGP 500, Fawry Yawmy relies on Fawry’s state-of-the-art fintech and its expansive retail presence to reach the largest number of individual investors

Cisco Middle East & Africa hosts 'Future Cloud' Summit to showcase new hybrid cloud innovations

Company highlights its ground-breaking new hybrid cloud solutions alongside partners in the region

Network International releases Tap on Phone tech to merchants in the Middle East and Africa

Making sure that SMEs have all the support they need to go digital and grow digital is a key focus for Mastercard and Network International.

Personal web and mobile experience key to Mideast banks’, fintechs’ customer retention

Accelerated by the pandemic, the region is observing a growing demand for real-time electronic payment methods

Sequoia Capital India makes Gulf debut with $33 million investment in Saudi fintech Lean Technologies

Sequoia’s funding for the Saudi fintech’s Series A round is joined by other international investors including New York-based Liberty City Ventures and former General Electric CEO Jeff Immelt.

Saudi FinTech start-up Lean raises $33m to expand its operations

The capital will be used to grow its team and expand in the region, the company said

Bank ABC Wins Big

Submissions are evaluated on various subjective and objective criteria, including profitability, market share, customer service, pricing, innovation, and the extent to which nominees differentiated themselves in the industry.

Batelco launches three new digital companies

BEYON Cyber, BEYON Solutions and BEYON Connect will provide state-of-the-art solutions

FSS partners with UAE's first digital banking platform

Under the partnership, YAP and FSS would work to deliver greater value to customers by combining the FSS Unified Card Issuance Platform