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

Almarai working with McKinsey and SAP on digital transformation

Digital is a central part of Almarai’s plans

QIB wins 3 awards at ‘The Digital Banker’s Global Retail Banking Innovation Awards 2020’

QIB has recently announced the results for the nine months’ period ended September 30, 2020.

Department of eGovernment, Sharjah opts Dell Technologies Solutions to Champion Service Excellence

Department of eGovernment, Sharjah (DeG) opts for Dell Technologies' advanced cloud, software defined storage and hyper-converged infrastructure with Data Lake.

Bahrain's Bidayatech starts MENA's first reward-based crowdfunding platform

The fintech will enable startups to create and launch a fundraising campaign through an assigned campaign page in the platform

Saudi Telecom's digital payments business plans UAE, Kuwait and Bahrain expansion

Egypt was also being discussed, though the Gulf nations were the immediate target

In-Depth Analysis of Abu Dhabi and Fintech in 2020

Abu Dhabi’s economy is expected to expand by 6 percent to 8 percent over the next two years, with the oil sector, financial services, government spending and foreign investment driving that.

UAE's fintech industry can grow faster if on its own

Being tethered to monolithic financial institutions will slow down pace of innovation

How Abu Dhabi aims to become a global hub for tech innovation

Advanced Technology Research Council collects top talent from around the world to put Abu Dhabi on the technology map

Double Win For Objectway Wealthtech Suite At Xcelent 2020 Awards

The augmented intelligence component and overall scalability of the Optimiser solution is a distinguishing point.

UAE Investment platform Sarwa launches new product offerings through SARWA X

It allows for free local transfers from AED bank accounts to the Sarwa X account with no international transfer fees, which helps to increase user’s long-term returns.

Stanhope Financial cash boost gives SMEs tier one global banking services

The company’s research has identified a clear market opportunity.

NBK launches new digital account opening service

The customer has the option to deposit money from a local bank with the K-Net payment option.

QIB unveils new features on mobile app

QIB has also launched the ‘Instant Credit Card’ service that is available through the mobile app.

Leumi UK completes core banking upgrade with Finastra

The enhanced core banking system is a fundamental component of Leumi UK’s new IT strategy, as defined by Chief Technology Officer, Alon Shmuel.

Bitcoin has soared over 130 percent this year, and is up more than four-fold from its March lows

COVID-19 speeds up Middle East banks’ technology transformation

Region’s financial services industry is moving towards digitization at a rapid pace

Dubai entrepreneur Khurram Shroff's IBC Group to invest $10 million in the 'Genesis' launch of Ethereum 2.0, in partnership with CanETH pool

The investment backs the launch of a greener new model of Blockchain, which seeks to replace energy intensive 'Proof of Work' smart contracts, with ones based on 'Proof of Stake'

FinTech