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

Bank of Israel encourages participation in hackathon on the use of ISO 20022 for x-border payments

Bank of Israel encourages participation in a global hackathon on the issue of cross-border payments

ADCB Egypt prepares to launch package of digital services: CEO

Bank completes final preparations for second phase launch of internet, mobile banking for individuals and companies, says Ihab ElSewerky

KPMG: 98% of Saudi CEOs set to invest in cloud technology in 2021

SAP found that while 83 percent of respondents said data sharing improved their innovation in current goods or services, only 22 percent did this with partners.

81% of business leaders believe COVID has increased the need for improved security of finances

Over one-third (35%) of those who saw a need for improved security also singled out securing data as one of their biggest financial technology priorities post-pandemic

The 10th annual Middle East Banking Innovation Summit returns next week

The programme agenda will cover a range of areas including customer acquisition, best data management practices for innovation, transforming banking touchpoints to revitalise corporate and retail experiences, the role of the CIO in today’s ever-chan

Finablr owners set for merger with Bahrain payments firm

The deal will be subject to regulatory approval in India, Bahrain and Kuwait.

UAE BaaS provider NymCard launches fully public APIs for MENA

Said to be built from the ground up, the objective of NymCard is to simplify the complex world of payments by bridging the gap between old legacy systems and modern cloud-native API first platforms.

Israel Discount Bank selects Wolters Kluwer’s compliant e-forms package

The Wolters Kluwer DEMx offering allows financial organizations to streamline their documentation processes, help ensure compliance with all regulatory requirements, maximize internal resources, and reduce turnaround times.

Putting customers at the heart of digital change

Mashreq Bank may be the oldest privately owned bank in the UAE, but it has always been a leader in the pioneering use of technology to improve the customer experience

National Bank of Bahrain Partners with Backbase to Launch New Digital Banking Platform

Bahrain’s local bank National Bank of Bahrain (NBB) announced the launch of its new digital banking platform, built in partnership with banking technology provider Backbase, to support with their digital transformation journey

Saudi-based fintech Tweeq signs partnership deals with Mastercard and Paymentology

The partnership with Mastercard and Paymentology are in line with Vision 2030 which aims to develop the FinTech environment and provide financial inclusion for all sections of society.

Korean cloud consultancy Bespin Global lands in Abu Dhabi

Now, Abu Dhabi will take over as the MEA headquarters – home to a new, larger office and two new innovation centres.

Iress integrates TP ICAP Fusion RFQ into trading platform

The increase in flows from the Iress trading community means that TP ICAP clients will have access to a larger pool of liquidity.

Tarabut Gateway secures $13 million in its seed round

As part of Tarabut Gateway’s growth planned for the next year, the business aims to hire 40 additional team members across MENA by the end of 2021.

Qatar to launch FinTech venture capital fund

Moving forward, we expect more initiatives in this area,” Mohammed Al Emadi, Head of Angel Investment at Qatar Development Bank (QDB), said in the Qatar Financial Centre Authority’s (QFCA) Qatar FinTech Report 2021.

What can Mena learn from the African experience in fintech?

With game changing digital innovations entering the fray in recent years, it has become possible for such nations to leapfrog several generations in technology.

Why fintech is on the brink of rapid expansion in the GCC

The GCC is catching up with developed markets in terms of financial inclusion

Will P2P lenders ever soar in the stock market?

With two Israeli peer-to-peer lenders readying for life in the public markets, investors are wondering if long term these fintech companies can live up to their racy private market valuations, writes Yonatan Brand.

Commercial Bank handles over 2 million contactless taps a month

Though Commercial Bank has always strived to stay ahead of the curve in digital innovation, COVID-19 has accelerated its momentum and has changed the scope of how people bank and use digital services.

$9bn by 2024

Yousuf Mohamed Al Jaida, Chief Executive Officer, Qatar Financial Centre, said: “The outbreak of the COVID-19 pandemic created new opportunities for financial innovation, which has attracted an influx of tech and FinTech companies seeking to set up