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

What Internet Penetration, Growth, and Usage Means for the Arab World

By 2020, the global average had surged to 59 percent, being vastly outdone by the Middle East’s 70.2 percent.

Ooredoo Qatar security efforts recognised with Fortinet

To date, our key contribution has been to defend against cybercrime, to reduce risk, and ensure compliance with regulation.

Central Bank of Bahrain : CBB announces launch of eKYC as part of digital transformation strategy (January 30th, 2021)

With the introduction of Open Banking in Bahrain, this also provides an opportunity for fintech companies to verify customers identities through their online and mobile applications.

DFin Holding launches Egypt’s pioneering FinTech platform for tech-based financial services and announces establishment of the first Venture Debt Fund in the Region

The team has established a solid and promising base to lead the next wave of innovative digital financial services in Egypt and across emerging markets in the region.

Virtuzone becomes the first company to accept bitcoin payments for business setup in the UAE

The strategic move also builds on Virtuzone’s aim to help accelerate the adoption and growth of digital technologies in the country

Saudi Arabia's futuristic city project in talks over cloud computing deal

"We're seeing lots of opportunities for partnerships with large, hyper-scale providers," head of technology and digital at NEOM, told Reuters

Refinitiv Wealth Management Report – ‘Redefining Investor Data Needs’ – Highlights the Growing Needs of Self-directed and Advisory Clients

The study finds that self-directed and advisory clients’ needs are rapidly changing.

National Bank of Bahrain Launches ‘Tap & Go” Services Across Largest ATM Network in the Kingdom

The National Bank of Bahrain has also recently launched its new and improved mobile app

Tech Mahindra to expand in Gulf; localisation focus

The region is growing, and we do have a defined plan to increase local staff strength.

Bahrain Central Bank Issues License to Shariah-Compliant Crypto Exchange

At launch, Coinmena plans to offer spot trading in five major crypto assets – bitcoin (BTC), ethereum (ETH), ripple (XRP), bitcoin cash (BCH), and litecoin (LTC) to both retail and institutional investors.

Digital wallet spending to nearly double to $10trln in 2025

83% growth in spending to be fuelled by accelerated shift to e-payments due to COVID-19

Saudi-based fintech startup Hakbah raises $1.2 million seed round

Hakbah confirms that the pandemic has increased the importance of saving for individuals.

Mambu and Ta3meed announce their partnership in Saudi Arabia

Miljan Stamenkovic, General Manager of Mambu in the Middle East and Northern Africa said, “Through its Vision 2030 initiatives, Saudi Arabia aims to boost its financial sector while developing a fintech ecosystem to ensure a diversified economy and

7 reasons WealthBrain is the best digital wealth manager for 2021

How clients and financial advisors can benefit from online services

National Bank of Oman Enables 6,500 POS Machines with QR Code Payments

Eliminating the need to physically go to branches, remember cards, or handle cash, the bank’s pioneering mobile wallet offers a wide range of user-friendly features for secure and easy transactions.

NBB launches improved digital platform

The launch took place at an NBB Group internal virtual event hosted yesterday

StashAway announces Assets under Management of US$1billion

In 2020 alone, the portfolio returns ranged from 24.1% to 5.2% for those same portfolios, and consistently outperform their same-risk benchmarks.

Central Bank of Bahrain licences Sharia-compliant cryptocurrency exchange CoinMENA

At launch, CoinMENA’s platform will be available to residents of Bahrain, the UAE, Saudi Arabia, Kuwait and Oman

Codebase Technologies and BankBI help banks leverage real-time financial performance data

Most banks and financial institutions struggle to balance ever-growing data demands across their value chains with the capabilities of their technology infrastructure

Fintech reshapes U.A.E's financial industry

Most of the ventures in the region are moved to improve the fintech sector.