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

Saudi expansion in focus for Paymob after record Egypt fundraise

The Cairo-based firm, which provides mobile wallet products for companies including banks and phone operators and also helps process retail payments

Egypt's Paymob scoops $18.5 million in new funding

The company says it will use the funds to grow its merchant network and fuel its regional expansion efforts.

Bahrain's Bet On Fintech

Bahrain aims to make itself both a fintech incubator and a destination for providers based elsewhere to develop and launch their solutions.

UAE digital payments firm eyes Saudi Arabia expansion in 2021

According to its latest annual report for 2020, the company is planning to spend $20 million financing its expansion into the Saudi market.

NOW Money raises $7m in capital for Gulf digital expansion

The UAE-based fintech provides banking solutions for low-paid migrant workers

SH Capital selects FinIQ as digital trading platform

FIConnect is an online order execution tool for a wide range of simple to complex fixed income securities via the world’s largest supplier network including buyside, sellside and direct order workflows.

QFTH receives more than 500 applications from fintechs to join Wave 2 of its Incubator and Accelerator Programmes

The applicants were from 58 countries as USA, India, Singapore, Nigeria, Russia, Hong Kong, UK, Turkey, and Qatar.

UAE banks need to innovate customer service, back-end functions and governance to remain competitive

Digitalization will be a pivotal factor in ensuring operational resilience during uncertain times according to latest KPMG UAE banking perspectives report

Egyptian startup Koinz bags $4.8 million in seed round

Through a reward system for walk-ins, take outs and online orders that can only be redeemed via an app – Koinz brings offline customers online, topped off with real-time customer insights.

UAE fintech NOW Money secures $7mln to expand digital banking solution

The cash injection will initially be used to drive NOW Money in Saudi Arabia

GCC workers optimistic and ready to build digital skills

The underlying realisation is that a large share of modern tasks can actually be performed virtually.

Egypt's central bank celebrates winners of “FinYology – FinTech for Youth” Initiative

The initiative was launched in February 2020, with the objective of fostering young talents and inspire university students of different related majors to conduct FinTech Projects and innovative solutions.

KFH First Kuwaiti Bank to launch digital signature for personal financing transactions

Enabling customer to complete financing request anywhere and any time

Post-Covid-19 world brings new risks for FinTechs in UAE

“The survey results reflect the uncertain times, globally,” said Várri

SAP reveals winners of its Middle East partner excellence awards

“Partners help SAP customers with adopting innovation easily, gaining results rapidly, growing sustainably and optimising their solutions.”

Dubai Financial Services Authority consults on regulation of Security Tokens

The DFSA is proposing a comprehensive and innovative regulatory framework for regulating Security Tokens

Cloud spending a top priority for CEOs in Saudi Arabia

Per the survey, 75% of Saudi businesses have accelerated their digital transformation since the pandemic, while nearly 90% see tech as an opportunity rather than a threat.

Are Israel’s institutional investors late to the tech investment party?

Senior executives at The Phoenix explain their strategy when it comes to investments in private companies and admit they missed the insurtech craze

Fintech in action in Saudi Arabia

Fintech Saudi is also working closely with the different financial sector players by linking them to its members.

Telegram Messaging App Raises $150 Million From Middle East Investors

They have bought what are described as five-year, pre-IPO convertible bonds, although it is not clear what sized shareholding in the company the debt could be converted into.