UAE Leads Global Digital Adoption in Wealth Management, Avaloq Says

Wealth managers are increasingly shifting onboarding, investment advice, portfolio monitoring and client communications to digital channels. Avaloq’s latest index ranks the United Arab Emirates first worldwide for digital adoption in wealth management, highlighting strong uptake among the country’s financial institutions and affluent clients. The result also underscores the growing influence of the Middle East as private banks and wealth platforms compete to serve a rapidly expanding pool of assets.

The UAE took the top position in Avaloq’s latest assessment, while the financial-technology company said its index identified a significant regional shift in wealth management’s digital transformation. The available report summary did not disclose an index score, transaction or asset amount, sample size, or a specific publication date. The confirmed findings are therefore limited to the UAE’s No. 1 ranking and Avaloq’s conclusion that adoption patterns are changing materially across regions.