Tuum to Power Uptex Bank's E-Banking Services in MEA
Following the acquisition of its e-banking license, OBD is launching Uptex Bank, offering digital wallet and payment services designed to integrate with its existing financial ecosystem, including Uptex Broker, a forex and CFD broker in the MEA region, and Rizzbees, an EU-licensed crypto exchange.
The bank's services will operate on Tuum's modular, cloud-native core platform, deployed via AWS in Europe and designed for scalability, compliance, and rapid development.
Uptex Bank sought a partner capable of delivering a minimum viable product (MVP) within a short timeframe while maintaining scalability and regulatory compliance.
Tuum's approach as a collaborative partner was a decisive factor in the selection process.
'We're building a unique e-money proposition that brings together traditional and next-gen financial services into one seamless ecosystem,'
said Archie Sol, Chief Marketing Officer at OBD.
'Tuum stood out as the platform to help us achieve this vision. From their sleek technology to the responsiveness of their team, it was clear that they're not just a vendor, they're a partner. With Tuum, we're not only launching fast, we're building for scale. Uptex Bank is built for people tired of the old way banks treat them. From Gen Z and digital-first users to everyday customers seeking something faster, fairer, and more intuitive.'
Tuum's API-first infrastructure allows Uptex Bank to integrate its new e-banking services with its existing brokerage and crypto operations, creating a unified environment across its brands.
The platform is aligned with Omani regulatory requirements, including standards set by the Central Bank of Oman and the Capital Market Authority, and will support digital wallets and multi-currency payments (USD, EUR, GBP, AED, OMR, SAR) from launch.
OBD anticipates onboarding over 50,000 users in the first year, with millions of transactions expected across its fintech portfolio.
Tuum was selected following a competitive process in which speed, scalability, and regulatory readiness were key considerations.
The platform's capabilities allowed Uptex Bank to plan an MVP launch within months while retaining enterprise-level controls.
Tuum also supported OBD in assembling relevant ecosystem partners aligned with Uptex Bank's business model.
'This is a landmark win for Tuum,'
said Miljan Stamenkovic, Chief Revenue Officer at Tuum.
'It shows the rising demand for modern, modular core banking platforms in the Middle East. OBD is building an ambitious and truly differentiated proposition in Oman and we're proud to provide the infrastructure behind it.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Gulf Today
9 hours ago
- Gulf Today
Brady didn't understand football, says Rooney after ‘work ethic' jibe
Wayne Rooney has described criticism of his work ethic by Birmingham minority owner Tom Brady as 'unfair' and said the NFL legend did not understand football. Former Manchester United and England captain Rooney, was sacked as Birmingham manager in January 2024 after less than three months in charge. Seven-time Super Bowl champion quarterback Brady, who became a minority shareholder at Birmingham in August 2023, said he was 'a little worried about our head coach's work ethic' during a recently-aired documentary after visiting Blues' training ground two months later. 'I think Tom came in once, which was the day before a game where the days are a little bit lighter anyway, and I don't think he really understood football that well,' Rooney said on his new podcast, The Wayne Rooney Show, which will be aired on the BBC's digital platforms. 'Football is not NFL -- NFL works for three months a year. Players do need rest as well, so I think he's very unfair, the way he's come out and portrayed that.' Following Rooney's departure, Birmingham appointed Tony Mowbray and Gary Rowett as managers in the 2023/24 season but were relegated to League One. 'When I went into Birmingham, they were in a mess really,' added Rooney. 'Hence the fact that the players weren't really the players who could take the club forward. Since then the project, headed by American-based hedge fund Knighthead Capital, has turned around. Birmingham's wealthy backers invested an unprecedented £30 million ($41 million) in transfers for a League One club last season and broke an English Football League record by amassing 111 points as they stormed to the title. Agence France-Presse
Filipino Times
11 hours ago
- Filipino Times
Flydubai to add 12 aircraft in 2025 but still 20 short of goal
Flydubai will receive 12 new aircraft this year, though it remains 20 planes behind its original delivery projections, the airline's chief executive said Thursday. The Dubai-based carrier has taken delivery of seven Boeing 737 MAX 8s in 2025, with five more expected before year-end, bringing its fleet to 93 aircraft. In a report on Khaleej Times, CEO Ghaith Al Ghaith said the deliveries are part of a backlog that has been delayed in recent years, impacting the airline's expansion plans. Airlines in the UAE and globally have faced delays in aircraft deliveries, with Flydubai noting last year that Boeing's updated schedule had significantly affected its growth strategy. Despite the challenges, Flydubai has added 11 new destinations this year, including Antalya, Al Alamein, Damascus and Peshawar. Four more European destinations — Chisinau, Iasi, Vilnius and Riga — are scheduled to launch between September and December, expanding the carrier's network to more than 135 destinations in 57 countries. Financing for the first seven aircraft delivered this year has come from a mix of Islamic financing through Abu Dhabi Islamic Bank, conventional debt from the National Bank of Ras Al Khaimah, and sale-leaseback agreements with JP Lease Products & Services and JLPS Ireland Limited. Al Ghaith said the additional aircraft will help the airline open new routes, optimize operations and strengthen Dubai's role as an international aviation hub.
Arabian Post
16 hours ago
- Arabian Post
PRCA Thailand Conference Reveals Nine in Ten Thais Want Transparency as AI Use Explodes
BANGKOK, THAILAND – Media OutReach Newswire – 14 August 2025 – As Thailand accelerates investment in artificial intelligence (AI), new research from PRCA APAC and YouGov reveals that trust is the cornerstone of public acceptance. While there is cautious optimism and strong calls for regulation, the Thai public expects transparency from brands and institutions to build and maintain that trust. Presented at the inaugural PRCA Thailand Conference 2025, the study, titled 'The Impact of AI on Thai Society', reveals a complex national picture. While Thailand is emerging as a regional leader in AI, with a USD 15.4 billion investment in infrastructure and a national plan to produce 90,000 AI professionals, the public remains sharply aware of the risks that come with rapid adoption. Key highlights from the research include: ADVERTISEMENT Transparency builds trust: 92% of Thais want brands to disclose AI use. Trust spikes among Gen Z (37%) and young families (31%) when AI use is transparent. 92% of Thais want brands to disclose AI use. Trust spikes among Gen Z (37%) and young families (31%) when AI use is transparent. Misuse tops concerns: 40% cite AI misuse as their biggest worry, followed by misinformation, deepfakes, privacy, and ethics. Gen X and rural groups are most cautious. 40% cite AI misuse as their biggest worry, followed by misinformation, deepfakes, privacy, and ethics. Gen X and rural groups are most cautious. AI supports, not replaces: 55% say AI boosts efficiency, but most agree it should enhance—not replace—human creativity. 55% say AI boosts efficiency, but most agree it should enhance—not replace—human creativity. Demand for guidance: Many want practical AI education online and offline, with calls for stronger government regulation on ethics and skills training. 'Trust and transparency aren't just public expectations, they're now brand imperatives in the AI era,' said Dr. Karine Lohitnavy, Chair of PRCA Thailand and Founder of Midas PR. 'As communicators, we have a vital role to play in bridging the gap between innovation and understanding. That means helping the public make sense of AI's impact while holding brands accountable to ethical, human-first storytelling.' Speaker Narongyod Mahittivanicha, Founder of TWF Agency and Vice President of the Artificial Intelligence Association of Thailand, reinforced the irreplaceable role of human creativity in public relations. Referencing a recent viral Coldplay-related campaign known as the 'Astronomer CEO' crisis response, he noted that the level of creativity, emotional intelligence, and nuance involved is something AI cannot yet replicate. In a fireside chat titled 'Viva La Press Release! Old Format, New Tech,' Jennifer Kok, Founder and CEO of Media OutReach Newswire, said: 'In today's digital publishing and AI era, press releases play a vital role in driving brand trust through verbatim, guaranteed posting on authoritative news websites. These features give PR professionals the ability to control the narrative of key corporate messages, building brand equity with targeted journalists and media across their chosen markets. The advancements in AI will further empower the public relations industry.' Panel discussions included leaders from Microsoft Thailand, SCBx, Predictive, and Xponential Co., exploring AI's real-world applications in PR, brand reputation, and public perception. Moderated by Edelman Thailand's Vorasit Turongsomboon and digital creator Tossapol Leongsuppon, the panels addressed ethical governance, influencer transparency, and the public's call for structured AI education and stronger regulation. Jaruwan Vorarakthananun, Communications Lead at Microsoft Thailand, said: 'AI isn't here to replace communications professionals—it's here to empower us. Generative AI is still evolving, learning every day. It's up to us to guide its growth and ensure it truly works for us. Don't hesitate to adopt AI into your daily work. Treat it as a trusted assistant that helps us work smarter, faster, and with greater impact.' ADVERTISEMENT The inaugural PRCA Thailand Conference took place on 6 August 2025 at SCBx NEXT Tech, Siam Paragon, bringing together professionals from Thailand's public relations, business, and technology communities. The conference was supported by Gold Sponsor Media OutReach Newswire and other sponsors, including Edelman Thailand, MIDAS-PR, Moonshot Digital, Vero, SCBX, and YouGov. More information on the PRCA Thailand Conference and images are available online. The Impact of AI on Thai Society whitepaper can be read here. Hashtag: #PRCAThailand The issuer is solely responsible for the content of this announcement. About PRCA The Public Relations and Communications Association (PRCA) is the world's largest professional PR body. We represent more than 35,000 PR professionals in 82 countries worldwide, and we are a global advocate for excellence in public relations. PRCA APAC was founded in 2018 to further our growth across the APAC region. Our mission is to create a more professional, ethical and prosperous PR industry. PRCA Thailand is building a community for PR and communications pros to level up. Through expert training and exclusive events, it helps boost skills and deliver real results. By connecting professionals and raising industry standards, PRCA Thailand is shaping the future of communications. It fuels collaboration and ensures PR's voice is heard loud and clear across Thailand's economy.
