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

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'

ila Bank wins ‘Digital Banking Experience of The Year’ award

Merging state-of-the-art technology, including sophisticated data analytics and AI, with human understanding, ila is designed to listen to its customers, study their financial behaviour and aspirations and address their pain points.

Digital wealth firm launches in the UAE

As Zurich Middle East rolls out financial planning solution to ‘distribute product sales online’

Path Solutions is presented with two distinct awards by MEA Finance Awards

Recognition celebrates excellence, leadership and innovation in financial technology

Lebanon Central Bank Plans to Introduce Digital Currency in 2021

The Lebanese Central Bank Banque Du Liban (BDL) plans to introduce a digital currency to replace its Lira next year in an effort to restore confidence in the banking sector and transition into a cashless system amid economic and financial crisis.

Digital transformation and cloud security top of mind for enterprise

The respondents also identify with each other when it comes to the biggest pain points.

Turkey's Akbank to manage consumer credit portfolio with Fico

FICO has a global pedigree in credit limit management optimization projects, and many of the world’s leading financial institutions use its optimization technology.

Turkish bank İşbank carries second pilot on cross border trade using blockchain

İşbank is the first bank in Turkey to perform a trade finance transaction using blockchain technology.

ADNOC completes first phase of AI predictive maintenance project

The predictive maintenance project is being implemented over four phases and is one of the largest in the oil and gas industry

Digital payment markets expect 2021 windfall as online shopping surges

Nearly half of consumers in UAE, rest of region, plan to increase online spending

Abu Dhabi Investment Office offers startups $41mln in AgTech incentives

ADIO programme focuses on supporting innovators developing agriculture solutions that are locally relevant and globally exportable

NBK the first bank in Kuwait to provide registration for "Kuwait Mobile ID" app from different locations

For NBK customers through the mobile branch

Profile: Partnership with Surecomp, leading provider of global trade finance to mutually represent solutions

In response to a higher volume of finance requests, they must facilitate trade more efficiently and with greater connectivity to the broader trade finance ecosystem.

FinTech Ripple chooses Dubai International Financial Centre for regional headquarters

Ripple to work with local and regional institutions to revolutionise payments industry

UAE eCommerce sector to continue upward trajectory as digital payments boom during COVID-19

49% of consumers have been shopping online more since the virus outbreak

Digital banking is yet to throw up clear winners, and that means opportunity

Pure banks may have an edge, but tech giants will not shy away from an entry

GCC governments can save billions if they adopt AI

For one, AI can enhance government services – menial tasks such as licenses, registration, tax, post, etc – that are widely criticised for long waiting times.