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About Middle East WealthTech Awards 2023 🏆

The Middle East accounts for most UHNWIs & HNWIs globally. The next-gen of customers are most likely to embrace WealthTech solutions. Embarking on the success of the first two editions in 2021 & 2022, Verve Management is pleased to introduce the 3rd Middle East WealthTech Awards 2023, which will recognize & empower the new tech benchmarks set by the wealth management companies & banks from the entire middle east region. The 3rd Edition Middle East WealthTech Forum 2023 raises critical questions on the major hurdles the wealth management industry would face in 2023 and beyond, and which technological innovations would help them tackle these challenges to succeed further.
  • Rules & Regulations
  • Categories & Criteria

Rules & Regulations

⦿    All the nominations are to be submitted on the official link of Verve Management
⦿    Nominations will only be valid if submitted to awards@verve-management.com
⦿    If sending an email, the subject line should be: ‘YOUR COMPANY NAME’ NOMINATION: (MENTION THE CATEGORY)
⦿  Request the nominators to kindly provide the supporting documents for each of their claims.
⦿  More supporting documents will gain more trust & weightage by the jury.
⦿   For each category, a separate nomination needs to be filled.
⦿    All the nominations will be evaluated by the appointed honorable jury members.
⦿   Jury’s decision will be final and cannot be challenged.
⦿   In case of a tie, Jury Chairperson will have a final call.
⦿   The official language of communication would be English, all the communication sent should be in English for the jury to evaluate with convenience.
⦿   All the information provided in the nominations will be treated as confidential information and will be accessed by jury members & assigned to Verve Management only.
⦿    None of the details from the nominations will be published or marketed in any of the public communications.
⦿    If required, the Nominator would be contacted for additional information.
⦿    The winner will be announced by the jury members or Verve Management during the awards evening only.
⦿    Only the nominations with authorized signatures and stamps would be valid.
⦿    Nominators can send the physical support documents for the nominations at 1702 & 1706, Al Mazaya BB2, Jumeirah Lakes Towers, Dubai, UAE Addressing it to  Shruti Kamath.
⦿  Verve management will confirm the receipt of nominations to nominators by email.
⦿   For Any more queries you can reach out to info@verve-management.com/shruti@verve-management.com.
⦿   All the information asked in the nomination form is a must. In case of incomplete information/irrelevant information, the nomination shall be disqualified.
Best Private Wealth Management Company of the Middle East 2023
Top Bank in Wealth Management of the Middle East 2023
Leading Wealth Tech Adopter of Middle East 2023
Outstanding Digital Customer Experience in the Middle East 2023

Most Innovative Wealth Management Strategy of the Middle East 2023
Best AI or Robo Investment Provider of The Middle East 2023

Top Family Office of The Middle East 2023

Best Outsourcing and Business Process Management Practice of The Middle East 2023
Most Innovative Client Lifecycle Management of The Middle East 2023
Best Portfolio Management of The Middle East 2023

AWARD NOMINATION REGISTRATION FORM

For any queries you can reach out to us at

info@verve-management.com

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    The Best Private Wealth Management Company category recognizes & empowers the best private wealth managers and wealth management companies in the Middle East region.


    Banks have always spearheaded & managed the wealth of most of the top HNWIs & Family-owned businesses. This category recognizes the Bank’s efforts to manage the wealth of most of the UHNI’s & institutions.


    The leading wealth tech adopter of middle east categories spotlights the best technologies adopted by wealth management firms across the entire middle east region. It is a technology-focused category recognizing the top-notch technologies & new tech benchmarks set by wealth management companies.

    The Outstanding digital customer experience of the middle east 2022 showcases the best-in-class digital customer experience from wealth management firms across the middle east, in the world where the entire world along with business, transactions also went digital and so did the customer experience. This category would unveil the best digital customer experiences.


    The last couple of years were quite challenging for Banks, Wealth management companies & consumers as well. This caused numerous innovations in processes, technology & financial products. This category aims to recognize & motivate wealth managers & firms to strive better & make more efficient strategies for an exceptional future.


    Ease of use or a hands-off experience, ease of connections to a bank account, asset allocation, portfolio rebalancing, and tax optimization are key considerations, as well as offering proprietary and diverse portfolio options. This category is awarded to the institution with the Robo Advisory and AI Investment service providing the best options for clients with high balances.


    Family offices provide a broad spectrum of private wealth management services to one or a small number of ultra-high-net-worth families. Besides financial services, family offices can provide various kinds of planning, charitable giving advice, concierge services, and other comprehensive services. This category is awarded to the institution offering the best services to Family Offices through a range of data, analytics, and reporting, and Investment, including Stewardship, Securities Services, and Wealth Management.


    In recent years, the Wealth and Asset Management industry has seen a shift towards outsourcing back and middle office operations at large broker-dealers as firms recognize the value in third-party vendors and the competitive advantage, they may gain over low-cost fintech firms by moving operations externally. As the industry continues to evolve, third-party vendors have begun to provide firms the opportunity to outsource parts of their investment platform functionality such as account and cash management, client billing, trade matching, and confirmation.


    In wealth management, CLM covers the full end-to-end journey of an investor or institution – a lifetime journey shepherded by a Relationship Manager (RM), encompassing a litany of critical processes, and reliant on interactions with various departments across the firm.


    Portfolio management can be explained as the process of managing individuals’ investments so that they maximize their earnings within a given time horizon. Furthermore, such practices ensure that the capital invested by individuals is not exposed to too much market risk. This category is awarded to the institution offering capital appreciation, allocating resources optimally, risk optimization, and protecting earnings against market risks.