Latest news with #ComeraFinance
Web Release
6 days ago
- Business
- Web Release
'Comera Finance, Part of Abu Dhabi's Royal Group, Receives In-Principle Approval From The Central Bank of UAE For A Finance Company License.'
'Comera Finance, Part of Abu Dhabi's Royal Group, Receives In-Principle Approval From The Central Bank of UAE For A Finance Company License.' Comera Finance, part of Comera Financial Holding and Abu Dhabi's Royal Group, has received in-principle approval from the Central Bank of the UAE to operate as a fully licensed Non-Banking Financial Company (NBFC). This significant milestone reinforces Comera's commitment to delivering a seamless, tech-powered financial ecosystem tailored for the UAE's digitally connected future. Comera Finance will offer the entire spectrum of products including Retail, SME and Corporate lending. These would include Credit Cards, Personal Loans, Mortgages, Vehicle Finance and other borrowing requirements of Consumers and Letters of Credits, Bank Guarantees, Performance Bonds, Working Capital lending and tailor made Supply Chain Finance to its SME's and Corporate clients. At the heart of Comera's offering will be its advanced digital infrastructure. Built on scalable cloud architecture, the platform leverages real-time processing, advanced security, AI-driven fraud detection, and instant payment notifications to create a frictionless experience for users. This approval aligns with the UAE leadership's ambitious vision to build a world-class digital economy, promoting financial inclusion, innovation, and seamless access to digital services. As part of this national vision, Comera Finance will integrate with AANI, the Instant Payment Platform (IPP) and support Jaywan card issuance—paving the way for greater adoption of cashless transactions across the country. 'With this NBFC license, Comera is stepping into a transformative role in the UAE's fintech ecosystem,' said Akhtar Saeed Hashmi, Chief Executive Officer and Managing Director of Comera Financial Holding. 'Our technology-first approach supports the nation's long-term goal of a cashless, digitally empowered society led by visionary leadership and robust regulatory frameworks.' As the UAE accelerates toward becoming a regional fintech leader, Comera stands ready to support that journey—merging innovation with trust to reshape financial experiences for the modern era. Comera Finance is expected to go live to public by end of Q3 2025 with a host of digital offerings.
Arabian Business
6 days ago
- Business
- Arabian Business
Comera receives UAE central bank approval to launch finance company
Comera Finance, a subsidiary of Comera Financial Holding and part of Abu Dhabi's influential Royal Group, has received in-principle approval from the Central Bank of the UAE to operate as a fully licensed Non-Banking Financial Company (NBFC). This development marks a pivotal moment for Comera Finance, positioning the firm to deliver a comprehensive, tech-driven financial ecosystem tailored for the UAE's digitally connected landscape. Once operational, Comera Finance will offer a full suite of financial products and services, spanning retail, SME, and corporate lending. Its offerings will include credit cards, personal loans, mortgages, vehicle finance, and other consumer borrowing products. For SMEs and corporates, Comera will provide financial instruments such as letters of credit, bank guarantees, performance bonds, working capital lending, and customised supply chain finance solutions. Central to Comera's strategy is a robust digital platform built on scalable cloud architecture. The infrastructure integrates real-time processing, AI-driven fraud detection, advanced security protocols, and instant payment notifications—creating a seamless and secure experience for users. The approval aligns with the UAE's national push toward financial innovation, digital transformation, and inclusion. As part of this initiative, Comera Finance will integrate with the country's Instant Payment Platform (AANI) and support the issuance of Jaywan cards, contributing to the nation's ongoing shift toward a cashless economy. 'With this NBFC licence, Comera is stepping into a transformative role in the UAE's fintech ecosystem,' said Akhtar Saeed Hashmi, Chief Executive Officer and Managing Director of Comera Financial Holding. 'Our technology-first approach supports the nation's long-term goal of a cashless, digitally empowered society led by visionary leadership and robust regulatory frameworks.' Comera Finance is expected to go live by the end of Q3 2025, launching a range of digital financial services designed to reshape how individuals and businesses access credit and manage finances in the UAE.
Khaleej Times
7 days ago
- Business
- Khaleej Times
UAE: Comera Finance secures NBFC licence from UAE Central Bank
Comera Finance, part of Comera Financial Holding and Abu Dhabi's Royal Group, has received in-principle approval from the Central Bank of the UAE to operate as a fully licensed non-banking financial company (NBFC). In a statement, Comera Finance said the 'significant milestone' reinforces its commitment to delivering a seamless, tech-powered financial ecosystem tailored for the UAE's digitally connected future. 'Comera Finance will offer the entire spectrum of products including Retail, SME and corporate lending. These would include credit cards, personal loans, mortgages, vehicle finance and other borrowing requirements of consumers and Letters of Credits, bank guarantees, performance bonds, working capital lending and tailor made supply chain finance to its SME's and Corporate clients,' said the statement. 'With this NBFC licence, Comera is stepping into a transformative role in the UAE's fintech ecosystem,' said Akhtar Saeed Hashmi, chief executive officer and managing director of Comera Financial Holding. 'Our technology-first approach supports the nation's long-term goal of a cashless, digitally empowered society led by visionary leadership and robust regulatory frameworks.' At the heart of Comera's offering will be its advanced digital infrastructure. Built on scalable cloud architecture, the platform leverages real-time processing, advanced security, AI-driven fraud detection, and instant payment notifications to create a frictionless experience for users. This approval aligns with the UAE leadership's ambitious vision to build a world-class digital economy, promoting financial inclusion, innovation, and seamless access to digital services. As part of this national vision, Comera Finance will integrate with AANI, the Instant Payment Platform (IPP) and support Jaywan card issuance—paving the way for greater adoption of cashless transactions across the country. Comera Finance is expected to go live to public by end of Q3 2025 with a host of digital offerings.
Zawya
7 days ago
- Business
- Zawya
Comera Finance receives in-principle approval from the Central Bank of UAE for a finance company license
Abu Dhabi, UAE – Comera Finance, part of Comera Financial Holding and Abu Dhabi's Royal Group, has received in-principle approval from the Central Bank of the UAE to operate as a fully licensed Non-Banking Financial Company (NBFC). This significant milestone reinforces Comera's commitment to delivering a seamless, tech-powered financial ecosystem tailored for the UAE's digitally connected future. Comera Finance will offer the entire spectrum of products including Retail, SME and Corporate lending. These would include Credit Cards, Personal Loans, Mortgages, Vehicle Finance and other borrowing requirements of Consumers and Letters of Credits, Bank Guarantees, Performance Bonds, Working Capital lending and tailor made Supply Chain Finance to its SME's and Corporate clients. At the heart of Comera's offering will be its advanced digital infrastructure. Built on scalable cloud architecture, the platform leverages real-time processing, advanced security, AI-driven fraud detection, and instant payment notifications to create a frictionless experience for users. This approval aligns with the UAE leadership's ambitious vision to build a world-class digital economy, promoting financial inclusion, innovation, and seamless access to digital services. As part of this national vision, Comera Finance will integrate with AANI, the Instant Payment Platform (IPP) and support Jaywan card issuance—paving the way for greater adoption of cashless transactions across the country. 'With this NBFC license, Comera is stepping into a transformative role in the UAE's fintech ecosystem,' said Akhtar Saeed Hashmi, Chief Executive Officer and Managing Director of Comera Financial Holding. 'Our technology-first approach supports the nation's long-term goal of a cashless, digitally empowered society led by visionary leadership and robust regulatory frameworks.' As the UAE accelerates toward becoming a regional fintech leader, Comera stands ready to support that journey—merging innovation with trust to reshape financial experiences for the modern era. Comera Finance is expected to go live to public by end of Q3 2025 with a host of digital offerings.
