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

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.

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.

FinTech