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

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.

First Abu Dhabi Bank teams with Ascenda

The collaboration equips the new cards with an unparalleled loyalty programme powered by Ascenda, tailored specifically to driving spend and engaging affluent customers.

Why the Blockchain Market is Booming in the Gulf

In June 2020, Saudi Arabia’s central bank, the Saudi Arabian Monetary Authority (SAMA), became one of the first central banks in the region to use blockchain technology to facilitate money transfers.

QIIB launches QMP eWallet

"The Bank will continue to offer the best technology solutions to its customers and will dedicate more efforts to completing its digital transformation plans, in which it has already made great strides."

ADGM-licensed digital wealth manager unveils investments for retail clients

FinTech offers 10 diversified investment portfolios for clients who invest a minimum of $2,000

Volante Technologies Wins "Best Cloud Services Provider" at MEA Finance Awards 2021

It is Volante's second award win in the Middle East this year.

Mashreq Bank automates bancassurance operations

ASSURE Banca Platform will improve operational efficiencies, deliver convenience, and improve personalization to Mashreq's bancassurance customers

CBUAE issues communiqué on joint "mBridge" project with partners from BIS

The project has now identified and will start to put through, business test cases based on historical transactions to test the recently-developed mBridge Trial Platform

BitOasis launches zero-fee local funding option for UAE-based customers

“We are constantly looking for new ways to simplify buying and selling of crypto assets for our customers, by becoming the first crypto asset exchange in the UAE to set up local funding options," Ola Doudin, CEO and co-founder of BitOasis said.