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

UAE's first fully-integrated digital bank forms founding committee

Entertainment goes digital as consumers embrace new normal

The only bright spot is digital revenues, which are on a steep incline owing to pandemic-induced consumer conditions.

HSBC UAE taps Mastercard Track for B2B payments

The launch of Mastercard Track Business Payment Service is a game-changer for the Middle East and Africa region.

Middle East warms up to digital commerce

Digital payments platform Checkout.com tracks trends to grow regional footprint

Saudi Arabia based Fintech Prexle Secures $670K via Seed Round, Company Offers Cloud based POS Services

Saudi Arabia will make electronic or digital invoicing mandatory for companies by the end of this year.

Nigeria joins Middle East’s Digital Cooperation Organization at first meeting

The first meeting was chaired by Abdullah Al-Swaha, Saudi Arabia’s minister of communications and information technology.

Ooredoo business partners with Microsoft to drive cloud adoption in Kuwait and accelerate digital transformation

Through its newly launched Cloud Connect offering, digital services leader is now established as an Azure ExpressRoute connectivity provider in the country, giving Kuwaiti enterprises access to a range of platforms and services

KPMG financial services experts on the Middle East's fintech scene

The development of global fintech funding across merger & acquisition, private equity and venture capital deals was a story of two tales in 2020.

Emirates NBD aims to boost contactless adoption with prize draws

“Following the significant rise in contactless payment volumes in the pandemic, we believe more than ever that the future of payments lies in contactless payment methods,”

Retailers prepare for record online sales during Ramadan

A significant driving force in this steady uptick amid challenging conditions is the rapid shift to online consumption in the Middle East

Israeli regtech AML firm ‘considers public listing’ ahead of expected AI boom

London, Tel Aviv and Australian exchanges have approached ThetaRay about listing, which is also interested in the Nasdaq, Gazit reportedly said.

Challenger Banks in the Middle East: For The Digitally Savvy

The GCC has some of the worlds highest usage of mobile phones, where it is estimated that by the end of 2019 nearly 280 million people in the MENA region (45% of the population) were connected to the internet.

Saudi expansion in focus for Paymob after record Egypt fundraise

The Cairo-based firm, which provides mobile wallet products for companies including banks and phone operators and also helps process retail payments

Egypt's Paymob scoops $18.5 million in new funding

The company says it will use the funds to grow its merchant network and fuel its regional expansion efforts.

Bahrain's Bet On Fintech

Bahrain aims to make itself both a fintech incubator and a destination for providers based elsewhere to develop and launch their solutions.

UAE digital payments firm eyes Saudi Arabia expansion in 2021

According to its latest annual report for 2020, the company is planning to spend $20 million financing its expansion into the Saudi market.

NOW Money raises $7m in capital for Gulf digital expansion

The UAE-based fintech provides banking solutions for low-paid migrant workers

SH Capital selects FinIQ as digital trading platform

FIConnect is an online order execution tool for a wide range of simple to complex fixed income securities via the world’s largest supplier network including buyside, sellside and direct order workflows.

QFTH receives more than 500 applications from fintechs to join Wave 2 of its Incubator and Accelerator Programmes

The applicants were from 58 countries as USA, India, Singapore, Nigeria, Russia, Hong Kong, UK, Turkey, and Qatar.

UAE banks need to innovate customer service, back-end functions and governance to remain competitive

Digitalization will be a pivotal factor in ensuring operational resilience during uncertain times according to latest KPMG UAE banking perspectives report

FinTech