Latest news with #AlFardanVentures
Zawya
20 hours ago
- Business
- Zawya
BipTap and Al Fardan Ventures sign strategic partnership to launch global digital bank from Abu Dhabi
BipTap and Al Fardan Ventures Sign Strategic Partnership to Launch Global Digital Bank from Abu DhabiBipTap, the innovative omnibanking platform, has officially signed a strategic partnership agreement with Al Fardan Ventures, represented by renowned technology leader Mr. Mohammed Ebrahim Al Fardan, to establish a next-generation global digital bank headquartered in Abu Dhabi. This landmark agreement paves the way for the launch of a fully digital wholesale and retail bank, designed to serve the financial ecosystem with advanced B2B digital banking solutions, seamless crypto and fiat integration, and Banking-as-a-Service (BaaS) capabilities tailored for financial institutions, fintechs, and enterprises worldwide. With the core platforms already built and tested, both parties will immediately begin preparations to secure the required licenses and initiate the setup of operational infrastructure in the UAE. The initiative is set to reinforce Abu Dhabi's position as a global innovation hub in financial technology and digital assets. As part of this development, the board has appointed Mr. Mohammed Ebrahim Al Fardan as Regional Managing Director, responsible for all Middle East operations and Global Technology Operations (GTO). Mr. Al Fardan brings decades of leadership in high-tech investments and innovation strategy, ensuring the digital bank will be positioned at the forefront of financial evolution. 'This partnership is a significant milestone in our roadmap to reimagine global banking,' said Mr. Al Fardan. 'It aligns with our broader vision and upcoming investments in a global crypto liquidity platform and an AI-powered crypto trading ecosystem, which we plan to announce separately at the appropriate time.' 'This isn't just a digital bank,' Jonathan Low shared. 'It's a financial revolution. By combining Abu Dhabi's strategic location and Al Fardan Venture's legacy in high-tech innovation and banking relationships all across the UAE and Middle East, with Biptap's plug-and-play scalable infrastructure, we are democratizing banking access for the 21st century and beyond.' At the core of this vision is Jonathan Low, CEO and Founder of Biptap, a global fintech pioneer known for rethinking banking infrastructure. Under his leadership, Biptap is spearheading the creation of the world's first true Omni Bank—a modular, borderless system designed to be the 'Airbnb of Banking,' connecting users and businesses with the banks worldwide The collaboration reflects a shared commitment to modernizing finance through innovative infrastructure, regulatory alignment, and investor-backed scalability—ushering in a new era of digital financial services from the UAE to the world. For media inquiries, please contact: info@ press@ About Biptap Biptap is a cutting-edge omnibanking platform enabling digital financial services across borders. With a mission to simplify and expand access to digital banking, BipTap integrates crypto, fiat, and BaaS under a unified infrastructure. About Al Fardan Ventures Al Fardan Ventures, led by Mr. Mohammed Ebrahim Al Fardan, is a forward-thinking family investment office focused on high-impact technology and innovation ventures across fintech, AI, digital assets, and beyond.
Zawya
29-04-2025
- Business
- Zawya
Norma Inc. and Al Fardan Ventures sign strategic MoU in Seoul to expand operations to the Middle East and launch Quantum Computing R&D Facility
Seoul, South Korea, Abu Dhabi, UAE – Norma Inc. ( a leading quantum computing and innovative technology firm based in South Korea, has entered into a landmark Memorandum of Understanding (MoU) with Al Fardan Ventures, a prominent Middle Eastern investment and innovation firm, to spearhead the expansion of Norma's operations into the Middle East. The MoU was formally signed in Seoul by Dr. Hyun-Chul Jung, CEO of Norma Inc., and Mr. Mohammed Ebrahim Al Fardan, CEO of Al Fardan Ventures. This strategic partnership aims to establish a state-of-the-art Quantum Computing Research & Development and Manufacturing Facility in the Middle East, positioning the region at the forefront of next-generation technologies. The joint initiative will support the region's growing demands in artificial intelligence (AI), data center infrastructure, and cloud computing, while introducing breakthrough innovations in cybersecurity and quantum technologies. This collaboration reflects both companies' commitment to enabling technological transformation and long-term economic growth across the Middle East. Dr. Jung will begin a series of official visits to the region in the coming months, where he is scheduled to meet with senior government officials, industry leaders, and key stakeholders to facilitate the rollout of the strategic plan. 'This partnership marks a pivotal milestone in Norma's global strategy,' said Dr. Jung. 'Together with Al Fardan Ventures, we will bring world-class innovation, research, and technology development to the Middle East, driving digital transformation in one of the world's most dynamic regions.' Mr. Al Fardan added, 'We are proud to partner with Norma Inc. to establish a robust foundation for quantum computing, AI, data centers and cybersecurity in the Middle East. This collaboration will not only address current technology needs but also position the region as a global hub for advanced digital infrastructure.' The partnership is expected to unlock significant opportunities in R&D, high-tech manufacturing, and regional tech talent development, reinforcing the Middle East's status as a leader in the future digital economy.
