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Financial Services news in the Middle East | Page 2
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A&M, KPMG and Oliver Wyman start work at Banque du Liban
Two months after announcing the deal, consultants and auditors from Alvarez & Marsal, KPMG and Oliver Wyman have finally hit the ground running in Beirut.
19 October 2020
How banks and insurers in Saudi Arabia are faring during Covid
While Covid-19 has understandably had a significant impact on Saudi Arabia’s financial services industry, the banking and insurance sectors have proven resilient this year.
07 October 2020
Investor appetite in Middle East’s FinTech sector remains strong
An increasingly vibrant hub for tech startups, the Middle East is drawing significant early stage investments in the FinTech space, according to a new global report from KPMG.
17 September 2020
Lebanon's FFA Private Bank teams up with Ankura
FFA Private Bank, a Lebanese bank specialised in capital markets and wealth management, has teamed up with global management consultancy Ankura to launch a new offering for the country’s banking indu
11 August 2020
Lebanon calls in trio of leading management consulting firms
The Lebanese government has hired a trio of leading management consulting firms to audit the country’s embattled central bank.
22 July 2020
One fifth of Middle East bank holders now use FinTech solutions
A Deloitte survey across nine key markets in the Middle East has found that despite a growing willingness to adopt FinTech solutions, only just over 20% of banking services customers currently use Fi
08 July 2020
Utku ÖZ added to Arthur D. Little partnership ranks in Istanbul
Global management consultancy Arthur D. Little has appointed former McKinsey consultant Utku ÖZ as a partner in Turkey. The Istanbul office of global management consultancy Arthur D.
12 May 2020
Restructuring in Saudi Arabia: Imperative or an opportunity?
Regardless of which school of economics you belong to, the consensus in the 21st century is that the economic prospects of a country lie primarily in its ability to offer entrepreneurs and business o
06 May 2020
Saudi banks should embrace fintech strategies and collaborate
The number of fintechs emerging in Saudi Arabia’s financial services landscape is changing the face of the banking industry.
23 March 2020
Oliver Wyman warns of coronavirus hit to banking in Middle East
Management consultancy Oliver Wyman has warned of the impact of coronavirus on banks, which will have a bearing on corporate and personal finance in Dubai and the Middle East.
16 March 2020
Bain's Julien Faye becomes global financial services lead
Bain & Company Middle East partner and director Julien Faye has been named as the firm’s new global head of financial services.
03 March 2020
Arthur D. Little recruits trio of high-profile partners in Dubai
Management consultancy Arthur D. Little has recruited three new partners to its Dubai office: Philippe De Backer, Adham Sleiman and Dhiraj Joshi. Global management consultancy Arthur D.
30 January 2020
GCC states missing from annual Deloitte and KPMG tech lists
The Big Four professional services firms Deloitte and KPMG have released their annual tech and fintech benchmarks – with firms from the GCC failing to make an impact.
20 November 2019
Deloitte and PwC shine light on financial crime at UAE conferences
Financial crime is in the air in Dubai this week – with leaders from Big Four firms Deloitte and PwC sharing their expertise at two separate conferences.
11 October 2019
ADGM launches Abu Dhabi Fintech Awards in collaboration with KPMG
Abu Dhabi Global Market has launched the FinTech Abu Dhabi Awards – with applications open until the 23rd of September.
04 September 2019
Synechron on board for Banking Innovation Summit in Dubai
The 9th Annual Middle East Banking Innovation Summit kicks off this week – with global tech advisory Synechron among the event sponsors.
02 September 2019
MENA Fintech Association launches with KPMG among founders
A number of organisations have come to together to launch the MENA Fintech Association – with KPMG among the corporate founding members.
27 June 2019
First fintech hub launched in Lebanon at Beirut Digital District
Lebanon is the latest state to enter the Middle Eastern fintech fray with a new hub launched in Beirut – said to be the first for the Levant.
27 May 2019
ACCA hosts conference on technology in the Middle East finance sector
29 March 2019
ACCA hosts UAE women in finance forum with Deloitte advocates
Senior finance leaders from across the UAE have assembled for a meeting hosted by the ACCA on developing a collective vision to increase the ratio of women in finance and technology, with Deloitte’s
18 March 2019
UAE banking and finance educators sign MoU with PwC's Academy ME
12 March 2019
Synechron unveils new set of AI data science accelerators at FinLab in Dubai
Global consulting and technology services firm Synechron has unveiled a suite of artificial intelligence data science accelerators at its Financial Innovation Lab in Dubai.
01 November 2018
Fidor and ADIB win Efma-Accenture award for innovative banking platform
The German online bank Fidor has been awarded gold at the Efma Accenture Awards for its work with the Abu Dhabi Islamic Bank to establish a Shariah compliant community banking platform for the region
01 November 2018
KPMG and ADGM fintech innovation challenge finalists to showcase in a fortnight
The second edition of the FinTech Abu Dhabi Innovation Challenge hosted by KPMG and the Abu Dhabi Global Market will reach its culmination in under a fortnight, with start-up contenders this year pai
04 September 2018
Deloitte study finds Turkey leads MENA laggards in digital banking maturity
A comprehensive market study conducted by Big Four firm Deloitte has found that Turkey leads the Middle East when it comes to digital banking maturity, while most other states in the region are consi
31 May 2018
Zurich and Mercer partner to launch workplace savings scheme in Middle East
Insurance and investment firm Zurich has launched a workplace savings solution (MySavings) in the Middle East in partnership with Mercer – the world’s largest investment consultancy.
31 May 2018
Shareholders of collapsed Lebanese bank take Deloitte to court in Dubai
A coalition of minority shareholders from collapsed Lebanese Canadian Bank (LCB), will have their case against Deloitte heard in Dubai, in a landmark court ruling in the UAE.
06 March 2018
Digital wealth managers and robo-advice to command Middle East market
Digital wealth managers will control up to a third of the global wealth market by 2025 according to assurance and advisory firm EY, and the Middle East is no exception, with local firms looking to ca
20 February 2018
Oliver Wyman and FIS support Boursa Kuwait with market making
Boursa Kuwait has in recent weeks collaborated with two consulting firms as part of its plans to encourage investors to ramp up their investments in Kuwait.
18 December 2017
Middle East and Africa private wealth to reach $12 trillion, says BCG
Private Wealth in the Middle East and Africa (MEA) region is set to expand rapidly over the next five years to reach a staggering figure of $12 trillion, according to a report from the Boston Consulting Group.
14 June 2017
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