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

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.

Online payments in Bahrain surge 292%

Transactions using the national electronic wallet, BenefitPay, increased by 794% in volume

How Digital SBL Offers a Roadmap to Post-COVID Liquidity

Leverage, not liquidate.

Dubai-based investor Khurram Shroff is betting big on Bitcoin alternative Ethereum

Shroff's Ethereum services platform CanETH to be acquired by Toronto-listed iMining

UAE leads Middle East’s digital wallet revolution

Samsung Pay, Apple Pay and Google Pay already allow saving of debit or credit card details.

Middle East's regulated Crypto-Asset Trading Platform, CoinMENA has officially launched

To mark its launch, CoinMENA is offering rewards via its unique two-way referral program for a limited time

First Digital goes live as Israel's first new bank since 1978

Israel has five main banking groups, led by Hapoalim and Leumi, which together account for more than half of the market.

Fintech and Wider Financial Services Regulation with Dubai Financial Services Authority

In addition to regulating financial and ancillary services, the DFSA is responsible for administering Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) legislation that applies in the DIFC.

New digital authority aims to enhance automation, reduce duplication

Digital Government Authority will lead to the automation of government services and better coordination between ministries and other state bodies

Banking on SAMA’s advice to combat financial crime

SAMA has defined fraud as “any act involving deceit to obtain a direct or indirect financial benefit by the perpetrator or by others with his help, causing a loss to the deceived party.”

FinTech