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

16 more fintech firms enter Saudi market in Q3 of 2021

Saudi Arabia witnessed a 37% rise in the number of fintech firms entering the market and also recorded an increase in venture capital investments that exceeded $181mln

Israel’s Bank Hapoalim to Invest $10 Million in Digital Wallet Neema

Bank Hapoalim is well-acquainted with Neema

Global Finance Awards Bank Al Etihad Jordan's for the year 2021

Following numerous rounds of screening with financial institutions from around the globe, Bank al Etihad successfully won several awards for its digital presence and seamless banking solutions

Qatar First Bank participates as a private investor in a Silicon Valley AI Technology Company

As a late-stage venture company, SoundHound has a strong backlog from existing customers, which include well-known car manufacturers, home appliance manufacturers, and telecom companies, among others.

Arab Bank Launches the New Version of Arabi Mobile App in Bahrain

The launch of the new version of the application comes as part of Arab Bank’s constant efforts to deploy the latest digital banking solutions, offering its customers a seamless banking experience.

Saudi Arabia to allow more digital banks, central bank governor says

The kingdom this year issued licences for its first digital banks, STC Bank and Saudi Digital Bank

Kuwaiti bank launches digital bank with ‘its own budget’

Al-Fulaij pointed out that financial technology will play a major role in the future and we have to keep pace with that.

Kuwaiti bank launches digital bank with ‘its own budget’

The digital bank targets those under the age of 34, the age group that represents two-third of Kuwait’s population

EDB Business Banking App wins best banking product of the year recognition at Fintech Abu Dhabi Awards 2021

Award recognises new App for SMEs within two months of launch

NBB upgrades digital banking app

The new app will introduce a number of enhanced features

Arab Federation for Digital Economy, Union of Arab Banks launch 'Huma Wealth' programme in cooperation with GCEL

Based on the MoU, the programme will be put in place through a digital platform that will provide new tools and enablers for the B2B market, which will improve efficiency and transparency levels and help companies cut down the risks of doing business and

Active.Ai powers ‘Zaki’, Qatar Islamic Bank (QIB) ‘first-of-a-kind’ AI virtual assistant available in Arabic and English

They can update their personal detail, enquire about their accounts balances and transactions, and perform transfers within their own QIB accounts to other QIB accounts and local transfers to other banks inside Qatar.

Firms are focused on increasing flexibility and reducing costs to drive efficiency

One way is through automating manual processes.

HSBC joins the Abu Dhabi Global Market Digital Lab

One of the key challenges financial institutions encounter when adopting new innovations and digital solutions is integrating them with their legacy systems in a timely and cost-effective manner

69-Year Old Israeli Lady Turned a $3K Bitcoin Investment to $320K: Now the Bank Refuses to Deposit

After 100x her initial investment, Bank Hapoalim denies depositing $320K in profit Esther Freeman earned from her BTC investment

ahlibank receives JP Morgan Chase Elite Quality Recognition Award 2021

This prestigious recognition is a validation of ahlibank's commitment to ensure absolute accuracy and efficiency while handling electronic fund transactions and commercial payments

Dukhan Bank launches AI-powered virtual assistant

Virtual assistants are playing an increasingly important part in our daily lives

Finalists shortlisted for ADIB's Ethical Finance Innovation Challenge and Awards

The finalists were selected from more than 200 applications, from all over the world, for the EFICA award which recognises companies and individuals that successfully develop ground-breaking solutions for the Islamic finance industry

Saudi FinTech, InsurTech Rasan Secures $24M

The investment will enable Rasan to build and scale multi-sided platforms and expand into new geographical regions.

UAE-based fintech Verity raises $800k to launch family financial app

The Verity app, which is set to launch in the UAE before the end of the 2021, enables youngsters to build core money management skills such as how to earn, save, give, and spend responsibly in a safe and secure environment.