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

Post-Covid-19 world brings new risks for FinTechs in UAE

“The survey results reflect the uncertain times, globally,” said Várri

SAP reveals winners of its Middle East partner excellence awards

“Partners help SAP customers with adopting innovation easily, gaining results rapidly, growing sustainably and optimising their solutions.”

Dubai Financial Services Authority consults on regulation of Security Tokens

The DFSA is proposing a comprehensive and innovative regulatory framework for regulating Security Tokens

Cloud spending a top priority for CEOs in Saudi Arabia

Per the survey, 75% of Saudi businesses have accelerated their digital transformation since the pandemic, while nearly 90% see tech as an opportunity rather than a threat.

Are Israel’s institutional investors late to the tech investment party?

Senior executives at The Phoenix explain their strategy when it comes to investments in private companies and admit they missed the insurtech craze

Fintech in action in Saudi Arabia

Fintech Saudi is also working closely with the different financial sector players by linking them to its members.

Telegram Messaging App Raises $150 Million From Middle East Investors

They have bought what are described as five-year, pre-IPO convertible bonds, although it is not clear what sized shareholding in the company the debt could be converted into.

Dubai-based Mamo Pay looking to transform payment transfers

Fintech start-up raised $15m in a seed round last year, with plans to expand across the MENA region

4 top neobanks in the Middle East to keep an eye on

The Covid-19 crisis which arose last year has further pushed banks to undergo digital transformations.

Banque Saudi Fransi goes live with Finastra

The move will enhance, automate and standardize the bank’s treasury and trading operations

MENA spending on social media advertising is on the up

An ecommerce boom grabbed centre stage in 2020, driven by lockdowns, infection risks and a growing familiarity with digital channels.

EBRD to invest in Turkish fintech firm DgPays

The EBRD’s Venture Capital Investment Programme aims to support fast-growing, innovative technology companies

Middle East CEOs view cyber attacks as serious security concern, says PwC survey

According to the survey, 59 percent of CEOs in the Middle East aim to increase their investments in digital transformation by 10 percent or more over the next three years, as a direct response to the impact of Covid-19.

KFH and Aion Digital Sign a Digital Transformation Agreement

For digital-first retail and corporate banking services

The Recent Fintech Funding Rounds in the Middle East

Open Banking Platform Tarabut Gateway has raised $13 million, in what it claims to be the largest fintech seed round in MENA history.

Bitcoin price spike fuels fresh demands for regulation

“Bahrain is one of the most proactive with its central bank recently awarding regulated licences to an exchange."

Qatar’s digital sector offers opportunities for companies

The event introduced opportunities in the digital sector in the Qatari market to large Russian corporations, SMEs and start-ups geared towards innovative solutions and emerging technologies.

Amazon to create 1,500 new jobs in Saudi Arabia

The expansion will boost storage capacity in the Kingdom by 89 percent and its geographical delivery network by 58 percent

Saudi executives to take digital transformation to the next level

Accenture surveyed more than 6,000 businesses and tech leaders from 27 countries globally – including Saudi Arabia.

Dubai Islamic Bank and Codebase Technologies launch Roshan Digital Account App in Pakistan

The platform can be accessed anywhere, at any time, and simplifies the onboarding process using a customer-centric user interface, intelligent customer workflows, and quick eKYC components.