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

Dubai's Tecom Group-owned incubator in5 raises $17.7mln in H1 2020

Forty-one new companies joined the startup incubator in the first 6 months of the year

Paymentology eyes digital banking expansion in the Middle East

This calls for opportunities to size up quality payment processors for bringing new technology to the new and existing digital banks in the region.

Over 100,000 cyber-attacks foiled in UAE last month, says TRA report

In terms of raising awareness and building capabilities, the report indicated that 2,085 awareness sessions and 105 training courses were held in June.

Insider online forum to focus on trade with Middle East

"Our panel will be packed with knowledge and experience, and those watching will come away with a better understanding of how to make the most of the opportunities on offer."

Islamic banks ‘way ahead in adopting financial technology’

The scope and speed of evolution in the way consumers interact with their banking institutions, business practices and financial technologies form the main areas of competition between Islamic financial institutions and their conventional counterparts

QIIB launches salary cards to pay workers’ salaries

In addition to the card’s safety features, ease of use and issuance, there will be no minimum balance required for the salary card that can also be used at any ATM and point of sale within the State of Qatar.

Arab Monetary Fund prepares launch of international immediate payment service

New service is the latest part of its “Beni” platform for Arab payments

Burgan Bank launches its WhatsApp service

The WhatsApp service is among the quickest interactive and easy-to-use platform that aims to reach out to a wide customer base.

The world’s first gold-backed digital gold currency launched in the Gulf Cooperation Council, Middle East and Africa

IBMC is introducing the digital asset to customers ranging from retail and corporate investors, banks, financial institutions and sovereign wealth funds to treasuries and asset management companies.

Egyptian fintech fund Disruptech leverages rising e-financial services industry

We need specialized funds that [can] invest in fintech startups by providing them not only with money but also with consultations, Fintech expert Mohamed Okasha said

DigiDinar: The Middle Eastern Gateway to Cryptocurrencies

Operated by DigiDinar Technologies Kuwait, it is a regulated platform with a technology and brokerage license issued by the country’s Ministry of Commerce and Industry.

Pagaya Announces $102 Million Series D Funding Round

Closing a round of this magnitude, with such a high-quality group of investors, is a testament to the hard work of the Pagaya team.

Six apps and a website: Saudis confused by kingdom’s response to coronavirus

Saudi Arabia has asked residents to use a multitude of different health apps, creating an impression of an unorganised response to the virus

QFC ‘Fintech Circle’ to boost networking with large entities, corporates

The ongoing coronavirus crisis not only highlights the importance of tech and fintech but also accelerates adoption and development

Abu Dhabi's Hub 71 takes a closer look at SME issues

Brings out whitepaper on challenges startups face in opening bank accounts

Bank Muscat honoured for Channel Innovation at Infosys Finacle Client Innovation Awards

Bank Muscat has also introduced a new Personal Finance Module

ila Bank Bahrain launches new savings solution

Customers can personalise it with a name, description and fun icon and create up to ten Hassalas to reach their goals, no matter how big or small.

Banks keen to engage with FinTech projects

The study found 25 percent of Middle East banking customers surveyed are aware they are using FinTech solutions.

Fintech Adoption: Over 80% of Middle East Consumers Say they’re Willing to Use Financial Technology Apps

The study by Deloitte surveyed and interviewed 1,500 financial industry professionals who are actively working in the Middle East’s banking sector.

UAE consumers go cashless as trust in digital payments surges

71% consumers reported increased use of digital payments when shopping in-store, one in two consumers shop more online