Latest news with #DigitalBanking
Arabian Business
4 days ago
- Business
- Arabian Business
Emirates Islamic to power Kimera Group's UAE finances with digital-first banking solutions
Emirates Islamic, one of the UAE's leading Islamic financial institutions, has been appointed as the lead cash management service provider for all UAE financial operations of the Kimera Group. Under the agreement, Emirates Islamic will deliver a comprehensive range of innovative digital and operational banking solutions, including: Access to its digital platforms businessONLINE and smartTRADE Smart Cash Deposit Machines (SCDM) Cheque Scanning ICCS Remote Cheque Printing The bank will also facilitate Payroll (Non-WPS) services and provide Corporate Credit Cards tailored to Kimera Group's needs. Emirates Islamic in the UAE Mohammad Kamran Wajid, Deputy Chief Executive Officer, Emirates Islamic, said: 'We are pleased to partner with Kimera Group to deliver digital banking solutions to meet their advanced financial needs. 'With a focus on innovation, operational excellence, and client-centric solutions, we continue to strengthen our position as a trusted partner to corporate clients, further reinforcing our position as a key player in the UAE's banking sector.' He added that the bank remains committed to digitally-first banking solutions that unlock efficiency, convenience, and agility, supporting clients through their digital transformation journeys. Tariq Al Ghussein, CEO, Kimera Group said: 'Partnering with Emirates Islamic is a strategic move in advancing Kimera Group's financial operations with state-of-the-art digital banking solutions. Their expertise and innovative platforms will enable us to enhance operational efficiency, optimise transaction management, and drive greater financial agility. 'This collaboration reflects our commitment to integrating best-in-class financial solutions that support our growth The collaboration reinforces Emirates Islamic's role as a key player in the UAE's corporate banking sector, providing Sharia-compliant, technology-driven solutions to support business growth and operational excellence.
The Independent
4 days ago
- Business
- The Independent
Digital challengers top banking customer satisfaction surveys
Digital challenger banks have topped the latest set of banking satisfaction results published by the Competition and Markets Authority (CMA). Monzo was ranked in first place among consumers in surveys covering Britain and Northern Ireland, while traditional banks generally scored lower than their digital rivals, the watchdog said. Introduced by the CMA as part of its Retail Banking Order, the banking satisfaction survey is an annual review carried out by research companies Ipsos and BVA-BDRC. The large-scale survey is designed to highlight how banks are serving their customers. The CMA said there is a new entrant in this year's survey – Mettle, an online business current account provider from NatWest. The survey asks around 1,000 customers of each of the 17 biggest personal current account providers in Britain and around 500 customers of each of the 12 biggest personal current account providers in Northern Ireland if they would recommend their provider to friends and family. The results represent the view of customers who took part. Surveys were also carried out to ask around 1,200 customers of each of the 17 largest business current account providers in Britain and around 600 customers of each of the five largest business current account providers in Northern Ireland if they would recommend their provider to other small and medium-sized enterprises (SMEs). Research was carried out between July 2024 and June 2025. Monzo said it surpassed 13 million customers this month. Karen Tiltman, general manager for UK operations at Monzo, said topping the tables is 'a recognition of the hard work and dedication of everyone at Monzo'. Here are the top three banks in the personal current account providers table, ranked for overall service quality, covering Britain (17 providers were included): 1. Monzo =2. Chase =2. Starling Bank Here are the bottom three: 17. Royal Bank of Scotland 16. Virgin Money 15. The Co-operative Bank Here are the top three business account providers in Britain, according to the surveys: 1. Monzo 2. Mettle 3. Starling Bank Here are the bottom business account providers in Britain, according to the surveys: 17. The Co-operative Bank =14. Bank of Scotland =14. HSBC UK =14. Barclays Here are the top personal account providers in Northern Ireland (out of 12 providers): 1. Monzo 2. Nationwide 3. Starling Bank Here are the bottom personal account providers in Northern Ireland ranked in the surveys: 12. Allied Irish Banks 11. Bank of Ireland UK 10. Ulster Bank Here are the top business current account providers in Northern Ireland (out of five): 1. Santander =2. Danske Bank =2. Ulster Bank Here are the bottom two business current account providers in Northern Ireland, according to the surveys: 5. Allied Irish Banks 4. Bank of Ireland UK.
Zawya
6 days ago
- Business
- Zawya
Nomo Bank expands property finance team with two strategic hires
Nomo, the world's first digital Sharia'a-compliant cross-border bank, today announces the expansion of its property finance team with the appointment of Jeton Asani and Steven Griffiths as Business Development Managers. These latest appointments will enhance Nomo's ability to deepen relationships with broker partners, allowing the bank to continue providing UK property finance to residents in Gulf Cooperation Council (GCC) countries. Jeton Asani joins with over 17 years of experience in the financial and mortgage industry and brings a strong track record in revenue growth, strategic partnerships, and delivering client-first solutions. A recipient of the British Mortgage Awards in 2017, Asani is excited to support Nomo's bold vision of redefining Islamic digital banking through innovation and ethical finance. Steven Griffiths brings a dynamic background in fintech and mortgage leadership. Having built a successful mortgage brokerage at the age of 22, he has since led high-performing sales teams and developed B2B channels for market-disrupting startups. Away from his work, Griffiths is a dedicated music lover and keen sportsman. Both share a strong commitment to working collaboratively with brokers, building long-term partnerships and delivering seamless Sharia-compliant cross-border solutions for Nomo's clients. They join at an exciting time for the bank, which just reported its best three months on record for completions. Nomo enables residents in the GCC to manage their entire UK property finance journey digitally from application to completion, with the bank's focus on technology enhancing speed, transparency, and accessibility for clients and brokers alike. Paul Szumilewicz, Chief Commercial Officer, Bank of London and The Middle East, said: 'Nomo is redefining how clients across the GCC access UK property finance. These appointments reflect our ongoing investment in talent and broker partnerships as we continue to scale our cross-border offering and deliver best-in-class, digital, Sharia-compliant solutions to our clients in the GCC.' Jeton Asani, Business Development Manager, Nomo Bank, said: 'What drew me to Nomo is its bold vision to redefine Islamic digital banking with a truly global, tech-focused approach. I'm excited to bring my experience in strategic partnerships and revenue growth to support our broker community and expand our reach in the UK property market.' Steven Griffiths, Business Development Manager, Nomo Bank, said: 'My background in mortgage brokering and scaling fintech startups aligns perfectly with Nomo's digital mission. I'm looking forward to building stronger relationships with brokers and contributing to the bank's ongoing success.' About Nomo Bank: Nomo is the world's first digital Sharia-compliant cross-border bank built for Middle Eastern customers who seek a global banking experience. It is part of Bank of London and The Middle East plc (BLME), a subsidiary of Boubyan Bank. Nomo makes international banking and investments easier for residents and citizens of the Middle East. Nomo is headquartered and built in the world's banking capital, London, and applies cutting-edge technology to innovative digital solutions for its customers. To know more, visit For further information please contact: Giulio Centurione, nomo@
Finextra
14-07-2025
- Business
- Finextra
ICSFS selected by Summit Bank for banking infrastructure
ICS Financial Systems ltd. (ICSFS), a leading global provider of premium universal banking software solutions, is pleased to announce that it has been selected by Summit Bank Limited – a newly established non-interest bank in Nigeria – to be their Banking Infrastructure provider. 0 The collaboration includes the deployment of ICS BANKS® Islamic Banking Solution as well as ICS BANKS® Digital Banking Solution at the banks' headquarters and six branches, marking a significant step forward for Summit Bank in bringing next-gen Digital sharia-complaint financial services to the Nigerian market. The ICS BANKS® Islamic Banking Solution will provide Summit Ban with a broad range of non-interest financing products, all to be delivered via several convenient digital touchpoints powered by ICS BANKS® Digital Banking Solution which encompasses modules such as SMS Banking Notifications System, ICS BANKS® Smart Mobile/Tablet Banking, ICS BANKS® Internet Banking, as well as ICS BANK® ERP Suite. Summit Bank also opted for several critical banking modules include ICS BANKS® Credit Facilities and Risk Groups, ICS BANKS® MIS, Remittances, Trade Finance, Islamic Treasury Module, IFRS9 ECL Module, e-KYC with 360° customer exposure, as well as the Risk Rating and Credit Scoring Modules. Mr. Umar Ahmed, Chairman of Summit Bank: "We are happy and excited moving forward with ICSFS as our technology partner. Such a decision is seldom an overnight one, especially since our success relies to a great extent upon the quality of our technology infrastructure and front end. It is also the window through which our customers will access our products and services, thus playing a crucial role in shaping the road ahead of us. Having examined the ICS BANKS® banking solution closely, I'm confident that our journey will be a smooth one. We have a strong faith in ICSFS to be our partners as we navigate the intricacies of sharia compliance in the modern banking world. We expect ICSFS to provide us with all the support we need to make our contribution to the Nigerian economy and promote financial inclusion." Dr. Mukhtar Adam, COO of Summit Bank: "We would like to thank ICSFS for their commitment towards being a strong partner and ally to Summit Bank. Their transparency with us from the first day has given us a sense of ease in knowing that we are able to rely on them completely. Technology is at the heart of banking and financial services, and it shapes the way our customers experience our services and interact with us. Therefore, having a dependable technology partner like ICSFS is a key success factor for us. Thus far, our engagement with ICSFS has shown us just how committed they are to our success, they have demonstrated excellent knowledge of our market, regulations and due processes, not to mention their ability to build the software in full compliance of our needs and requirements, deploy it, and maintain it. We have complete confidence in our choice of ICSFS as our technology partner, and we look forward to experiencing the immense power of their flagship banking solution: ICS BANKS®." Robert Hazboun, Managing Director of ICSFS: "Welcoming a new member to the ICS BANKS® family is always a joyous occasion for myself and everyone at ICSFS, and it is with tremendous pride that we can consider Summit Bank, Nigeria's newest non-interest bank, to be a cherished member of our growing family. We have a solid presence and an immense experience in the Nigerian market, which gives us a lot of confidence in our ability to impress our new client and be a true partner to them every step of the way. "Our top priority has been and will always be Customer Support, something that we take a lot of pride in doing excellently, not to mention the strong emphasis we place on conducting efficient, quick, and smooth implementation and go-live processes. We wish Summit Bank all the luck, success, and prosperity, and we look forward to an exciting journey further shaping the financial services market in Nigeria and the region." A signing ceremony to commemorate this significant partnership was held at the ICSFS Centre of Excellence in Amman. The event was attended by Summit Bank's Chairman, Mr. Umar Ahmed, and CEO, Dr. Mukhtar Adam, along with their Business and Technical Advisors, Mr. Meshack Ossai and Mr. Taiwo Akinde. Representing ICSFS at the ceremony were Global CEO, Mr. Robert Hazboun, Executive Director, Mr. Wael Malkawi, and a team of ICSFS senior management. ICSFS invests in its software suites by utilising modern technology in launching new products, constructing a secured and agile integration, and keeping pace with new standards and regulations worldwide. ICS BANKS® software suites future-proof banking activities by providing a broad range of features and capabilities with more agility and flexibility, to enrich customers journey experience, hence improving the trust and confidentiality between the customer and the bank. ICS BANKS® has always been a pioneer in utilising the latest technology to serve financial institutions. In addition to its embedded Service-Oriented-Architecture (SOA), the system can be deployed on-premises, hybrid, or cloud.
Zawya
13-07-2025
- Business
- Zawya
STC Bank launches "Numu+" savings product
STC Bank has launched the unique savings product "Numu+", which aims to encourage customers to save through an innovative concept. Customers can benefit from valuable additional rewards and gifts, including luxury cars, cash, and electronic devices, offered by the bank as an incentive to grow their personal savings. The "Numu+" savings product was primarily designed as an account that enables customers to save through a unique experience via the bank's app. This product is in line with the Vision 2030, specifically the Financial Sector Development Program, and the goal of raising the savings rate across the Kingdom from 6% to 10%. It also continues STC Bank's efforts to introduce innovative digital products that enhance the financial solvency of various customer segments. STC Bank's continued growth is driven by its customer centric digital financial services platform, which allows individual users to open a bank account with an IBAN number. This allows customers to enjoy a host of benefits, including the "Numu+" savings service, instant local and international transfers at competitive rates via mobile numbers, card services, an online store, expense monitoring and financial planning features, and other daily financial transactions, all of which have become easier than ever before.
