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

Saudi Arabia, UAE Launch 7 Strategic Initiatives

The initiatives include areas of collaborations and setting forth the joint vision of economic, social and military integration between the two countries.

Cryptocurrency, SME platform among initiatives launched by Saudi-UAE alliance

The seven new measures cover integration in the fields of financial markets, tourism, aviation, entrepreneurship, customs and security

How AI is transforming the fight against money laundering

Data scientists have made major leaps in the past decade to get us here.

Virtusa's open innovation platform powers open banking sandbox in Middle East

The Open Innovation Platform will provide Emirates NBD access to ready proof of concepts and help transform a concept into working prototypes.

Is AI a matter of survival for the modern bank?

AI will save the banking industry an estimated US$1 trillion and by 2030 traditional financial institutions will be able to enjoy a 22 percent reduction in operating expenses due to AI across front, middle and back-end operations, enabling greater focus o

Central Bank of Kuwait’s CDO on transforming the country’s financial sector

Recently appointed as the bank’s CDO, he is on a mission to drive its digitisation as well as transform the whole banking sector in Kuwait.

Digital banking — a key enabler for Qatar’s e-commerce market

Qatar leads the way on that front, with the largest share of young adults in the region at 54% in 2019.”

Bank Leumi (UK) selects Volante Technologies’ VolPay Open Banking PSD2 solution

Benefiting from Volante’s one-stop-shop for PSD2 compliance and Open Banking

RippleNet surpasses 200 customers with 13 financial institutions joining recently

The CEO, Brad Garlinghouse claimed at least 2 new customers are signing up on RippleNet every week, while also seeing a 350% increase in live payments within last year.

Mashreq Bank rolls out Samsung Pay

By enabling Samsung Pay for Mashreq debit and credit cards via Snapp, customers can easily add their cards to Samsung Pay from Mashreq’s mobile banking app without having to scan and enter card details.

The rise of robo-advisers in the UAE

Low-cost investment platforms targeting younger professionals make it easier for UAE residents to save

Mashreq enables Samsung Pay transactions

Service allows customers to instantly add their credit cards to Samsung Pay via Snapp, enabling them to make easy, fast and secure payments

Traditional wealth managers set to lose market share to robo-advisors, says GlobalData

In previous years, traditional wealth managers across the globe had a widespread level of agreement that robo-advice would seize market share.

Beware: New scam in UAE targets jobseekers

The scammers offer hefty salaries for just clicking a link.

Objectway Delivers New Integrated Digital Front-End Solutions for BNY Mellon’s Pershing

Objectway has been working closely with Pershing since July 2017 to phase in all the required services.

Qatar National Bank selects iGTB plaform for digital growth plan

QNB's system is designed to make the lender more efficient and and able to handle large volumes of business

Dubai Financial Services Authority welcomes new sandbox cohort

A great variety of applications was received from firms wanting to be part of this latest cohort, launched in November 2018.

Central Bank of Kuwait modernizes Technology Platform

TCS BaNCS is unique in its functional range across core banking, Payments, Treasury, Bonds settlement and Clearing capabilities, consolidating a range of services into a single solution.

KFH goes live on RippleNet for money transfer service

Alhous: Service available now in SAR at Al-Rajhi Bank

Robots are not killing our jobs, says World Bank

The World Bank does not guarantee the accuracy of the data included in this work.

FinTech