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

Why Middle East investors should consider Northern Ireland’s fintech sector

The fintech sector is booming – supported in part by the Covid-19 pandemic – and Northern Ireland offers regional businesses a great platform for growth

Finverity teams up with Abu Dhabi Global Market

The collaboration will develop a proof-of-concept to improve the transparency and trustworthiness of UAE SMEs’ credit profiles to enable faster access and on better credit terms to working capital finance.

Mambu opens new office in the United Arab Emirates (UAE)

The new office, located in Al Khatem Tower at ADGM Square, Al Maryah Island, is said to bring together a wealth of talent and experience to help transform the UAE’s fertile market.

UAE's TruKKer gets $10mln funding from US-based Partners for Growth

The debt will be used to finance working capital needs required for the instant payment of thousands of transporters operating on TruKKer's network

Saudi Budget 2021 Commentary: Fintech will play a key role in Saudi diversification in 2021

“We believe fintech will play a key role in Saudi diversification in 2021, enabling faster transmission of credit and capital to fuel GDP growth, especially given ongoing consolidation within the financial services sector.

Central Bank of Oman opens fintech regulatory sandbox

A Fintech Regulatory Sandbox is a common and worldwide-used approach to achieve the objective of harnessing opportunities for innovation in the financial sector while mitigating the accompanying risks.

UAE Israel Business Leaders Summit: Fintech innovation cannot grow in an over-regulated environment

Gradual approach to creating regularoy framework will best suit sector

Businesses can’t let their cyber guards down

Even cutting-edge technologies of today will have some vulnerabilities as well

Al Salam Bank Bahrain and FlexxPay announce Sharia compliant solution

Employees with commission-based salaries will have immediate access to already-earned commissions.

Emirates Islamic launches digital banking platform

As a leading Islamic bank in the UAE and a key supporter of the leadership’s vision to make the UAE a global hub for Islamic banking

DigitalX signs MoU with Dell Technologies to collaborate around workforce transformation solutions for customers

Marwan Bin Haidar, Vice Chairman of Digital DEWA - Digital Sector, and Mohammed Amin, Sr. Vice-President - Middle East, Russia, Africa and Turkey at Dell Technologies, signed the MoU during the participation of DEWA and its subsidiaries at the 40th GITEX

The Arab Monetary Fund Holds a Virtual Workshop showcasing Buna's abilities to enhance and support the growth of the global payment industry

Attended by more than 200 senior officials representing Arab and international central banks and a wide spectrum of financial institutions

OneConnect enables fintech Innovation in Abu Dhabi Global Market's Digital Lab

The technology used by OneConnect to support the construction of ADGM Digital Lab is derived from Gamma O, OneConnect's own open platform aiming to link developers, Fintech services providers and financial institutions.

DIFC grants Ebury financial services licence in fintech first

The licence will allow Ebury to enhance the services it offers SMEs in the region, and to do it in or from the DIFC.

Five nations unite to launch the Digital Cooperation Organization

The event was attended by H.E. Houlin Zhao ITU Secretary General and H.E. Borge Brende, President, World Economic Forum.

Emirates NBD makes mobile banking app available on Huawei AppGallery

These features are further reinforced by the HUAWEI AppGallery, which provides a safe platform for finance apps through its full-cycle security and protection system.

Cyber risk is new threat to financial stability: IMF

Under extreme scenarios, investors and depositors may demand their funds or try to cancel their accounts or other services and products they regularly use.

Is 'buy now, pay later' the future for Gulf digital payments?

Fintech provider Tabby wins $23m funding to grow its 'instant credit' network

Under threat from digital challengers, Middle East banks revamp processing platforms

The momentum is aided by legislation mandating payment of salaries into accounts instead of cash, for example in the UAE, said Francesco Burelli, a partner at Hamburg-based Arkwright Consulting.

French digital payments company IDEMIA snaps up Saudi company

Saudi Arabia's Pcard is into card personalisation services

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