Latest news with #FaizalKundil
Finextra
6 days ago
- Business
- Finextra
Ajman Bank appoints head of fintech and AI
Ajman Bank has announced the appointment of Tahir Turksoy as the Head of Fintech & AI within the Consumer Banking Division, effective 7 April 2025. 0 In his new role, Tahir will report directly to Faizal Kundil, Head of Consumer Banking, and will lead the bank's digital transformation initiatives, reinforcing Ajman Bank's strategic commitment to innovation and customer-centric digital banking. Tahir Turksoy brings over 20 years of profound expertise in seamlessly integrating business objectives with cutting-edge technology. His proven track record encompasses the development and execution of comprehensive digital transformation strategies, the creation of robust online and mobile platforms, the digitization of branch operations, and the implementation of solutions deeply rooted in customer needs. His strategic acumen and analytical capabilities have consistently empowered organizations to foster innovation, elevate customer experiences, and optimize digital business models. Commenting on the appointment, Faizal Kundil, Head of Consumer Banking at Ajman Bank, said: 'We are delighted to welcome Tahir to Ajman Bank. His extensive expertise in fintech and digital transformation will be invaluable as we continue to reimagine and enhance the banking experience for our customers. This appointment reflects our ongoing commitment to building a digitally advanced and innovation-led consumer banking business.' Prior to joining Ajman Bank, Tahir was the Head of Digital at National Bonds Corporation, where he played a key role in elevating digital distribution, streamlining customer onboarding, and accelerating growth through digital-first product offerings. His leadership contributed to increased acquisition and fund mobilisation through tech-enabled engagement. Tahir has also held senior roles at some of the region's leading financial institutions including Mashreq Bank, First Gulf Bank, and DenizBank, where he led transformative digital banking projects, from branch digitisation and mobile banking to open finance integration and self-service banking optimisation.
Zawya
7 days ago
- Business
- Zawya
Ajman Bank appoints head of Fintech & AI underscoring commitment to digital innovation
Ajman Bank has announced the appointment of Tahir Turksoy as the Head of Fintech & AI within the Consumer Banking Division, effective 7 April 2025. In his new role, Tahir will report directly to Faizal Kundil, Head of Consumer Banking, and will lead the bank's digital transformation initiatives, reinforcing Ajman Bank's strategic commitment to innovation and customer-centric digital banking. Tahir Turksoy brings over 20 years of profound expertise in seamlessly integrating business objectives with cutting-edge technology. His proven track record encompasses the development and execution of comprehensive digital transformation strategies, the creation of robust online and mobile platforms, the digitization of branch operations, and the implementation of solutions deeply rooted in customer needs. His strategic acumen and analytical capabilities have consistently empowered organizations to foster innovation, elevate customer experiences, and optimize digital business models. Commenting on the appointment, Faizal Kundil, Head of Consumer Banking at Ajman Bank, said: ' We are delighted to welcome Tahir to Ajman Bank. His extensive expertise in fintech and digital transformation will be invaluable as we continue to reimagine and enhance the banking experience for our customers. This appointment reflects our ongoing commitment to building a digitally advanced and innovation-led consumer banking business.' Prior to joining Ajman Bank, Tahir was the Head of Digital at National Bonds Corporation, where he played a key role in elevating digital distribution, streamlining customer onboarding, and accelerating growth through digital-first product offerings. His leadership contributed to increased acquisition and fund mobilisation through tech-enabled engagement. Tahir has also held senior roles at some of the region's leading financial institutions including Mashreq Bank, First Gulf Bank, and DenizBank, where he led transformative digital banking projects, from branch digitisation and mobile banking to open finance integration and self-service banking optimisation. About Ajman Bank Ajman Bank is an Islamic bank with an ambitious vision based on values of integrity, trust and transparency seeks to provide a wide range of Sharia-compliant and high-quality banking services to customers from individuals, companies and government institutions across the UAE. It is also keen to be updated with the latest technology that will ensure customers a distinctive experimental banking with the revival of human touch that is lost in the modern era of banking application. Ajman Bank is headquartered in Ajman and enjoys the strong support of the Government of Ajman and is a key pillar in the emirate's economic development strategy. The bank continues its tireless efforts to establish a prominent position in the banking sector as a sustainable Islamic banking institution, with an emphasis on the need to achieve an optimal balance in the community and caring staff, in order to provide real value for shareholders and customers alike. For more information visit For media contact: Hina Bakht Managing Director EVOPS Marketing & PR
Zawya
05-05-2025
- Business
- Zawya
Ajman Bank partners with Yubi MENA to support business banking customers
Ajman Bank, one of the leading financial institutions in the MENA region, has announced a partnership with Yubi MENA to deliver seamless SME trade working capital, supply chain finance, and other value-added services to clients. The collaboration aims to expand SME market penetration by leveraging Yubi's advanced technology platform & strong domain expertise. The Yubi Group is the world's only technology company powering the end-to-end debt lifecycle. As part of this partnership, Yubi is activating its corporate loans & supply chain financing platform - Yubi Enterprise Credit Market for Ajman Bank. This enterprise financing marketplace enables seamless access to credit for businesses through a 100% digital & hassle-free process. The partnership announcement event was attended by Faizal Kundil, Head of Consumer Banking – Ajman Bank; Gaurav Kumar, Founder & CEO of Yubi; Jyoti Ranjan, Head of Business Banking – Ajman Bank; Mohammed Mardas, Head of Distribution – Ajman Bank; and Sivakumar Rajakkannu, Senior Vice President and Head of Yubi Enterprise Credit Market, MENA. Faizal Kundil, Head of Consumer Banking at Ajman Bank, stated, 'Banks have to work with fintech firms rather than consider them competition. We are in the midst of a journey towards digital transformation, and this collaboration will enhance our SME finance offering to customers in that space.' Gaurav Kumar, CEO of Yubi, commented, 'We are delighted to partner with Ajman Bank to power the SME ecosystem through cutting-edge technology and innovative financial solutions. Our mission is to make access to finance seamless and faster for SMEs, and this partnership marks a significant step towards achieving that goal in the UAE and beyond.' The collaboration reflects Ajman Bank's commitment to empowering SMEs with advanced technological tools and greater access to finance, fostering a culture of innovation and fintech partnership in the region. About Ajman Bank Ajman Bank is an Islamic bank with an ambitious vision based on values of integrity, trust and transparency seeks to provide a wide range of Sharia-compliant and high-quality banking services to customers from individuals, companies and government institutions across the UAE. It is also keen to be updated with the latest technology that will ensure customers a distinctive experimental banking with the revival of human touch that is lost in the modern era of banking application. Ajman Bank is headquartered in Ajman and enjoys the strong support of the Government of Ajman and is a key pillar in the emirate's economic development strategy. The bank continues its tireless efforts to establish a prominent position in the banking sector as a sustainable Islamic banking institution, with an emphasis on the need to achieve an optimal balance in the community and caring staff, in order to provide real value for shareholders and customers alike. About Yubi The Yubi Group, valued at $1.5 billion is the world's only technology company powering the end-to-end debt lifecycle. Founded in 2020 by CEO, Gaurav Kumar, Yubi's technology infrastructure, risk evaluation, and collections platforms facilitate every stage of the flow of money from lenders to borrowers and back to lenders. Yubi's full stack digitised debt platform is based on the principle of interoperability - i.e. through a single integration, a lender can access a cross-section of debt products across Loans, Supply Chain Finance, Digital Lending, AI/ML Based Data Solutions, Securitisation and Collections enabling non linear growth for lenders. The company is backed by esteemed investors like Peak XV, Lightspeed, Lightrock, TVS Capital, B Capital Group, Dragoneer Investment Group, and Insight Partners, among others. Today, Yubi facilitates over $16 Billion in debt volumes, serving 17,000+ enterprises and 6,200+ investors & lenders while reducing collections costs by 57%. With a mission to deepen the debt market and democratize capital flow, Yubi is transforming the financial landscape, fostering inclusivity, and building a transparent and responsible ecosystem for all.
Zawya
17-02-2025
- Business
- Zawya
Ajman Bank launches digital credit card onboarding
Ajman Bank has announced the launch of its new digital onboarding solution for credit cards, available through the Ajman Bank Digital Connect App for new to bank customers. This strategic move fosters the Bank's commitment to enhance financial accessibility and customer convenience through advanced digital banking solutions. Mr. Mustafa Al Khalfawi, CEO of Ajman Bank, said: 'This launch marks a significant milestone in our digital transformation journey. Today's customers demand seamless, instant, and value-driven banking solutions. Our new digital onboarding platform is designed to meet these evolving expectations, ensuring that our customers enjoy an effortless banking experience.' Faizal Kundil, Head of Consumer Banking at Ajman Bank, added: 'By leveraging cutting-edge financial technology, Ajman Bank continues to drive digital innovation, setting a new standard for the future of banking in the UAE and beyond. With this initiative, we are making banking faster, simpler, and more accessible than ever, reinforcing our commitment to providing best-in-class financial solutions for our customers.' With this advanced digital onboarding process, any UAE resident aged 21 and above can apply for an Ajman Bank Credit Card by simply uploading their required documents via the Ajman Bank Digital Connect App. Once the verification process is completed within a few business hours, successful applicants receive an instant virtual card, followed by the delivery of a physical card. To further enrich the banking experience, customers applying through the Digital Connect App will benefit from an exclusive Welcome Cashback of AED 1,000, alongside a host of premium travel, hospitality, and cashback rewards. The intuitive application journey ensures customers can obtain their credit card in just a few steps, making banking faster, convenient, and more rewarding. The key features of the new credit card digital onboarding process include: 100% Digital Application: Apply for a credit card anytime, anywhere, directly through the Ajman Bank Digital Connect App. Seamless Authentication: through UAE Pass. Instant Virtual Card: Receive a virtual card immediately upon approval, allowing for instant use for online purchases as well as seamless transactions using Apple Pay, Samsung Pay and Google Pay wallets. Welcome Cashback: New customers can earn up to AED 1,000 in cashback. This offer is exclusive for customers applying through Ajman Bank Digital Connect App. Comprehensive Rewards Program: Access a wide range of travel, hospitality, and cashback benefits through Ajman Bank Ultracash and BRight Credit Cards. Secure and Convenient: The app-based process ensures a secure and hassle-free application experience. Ajman Bank's Digital Connect App is now available for download on the App Store and Google Play. Customers can apply directly and experience the next level of smart, convenient and seamless banking. About Ajman Bank Ajman Bank is an Islamic bank with an ambitious vision based on values of integrity, trust and transparency seeks to provide a wide range of Sharia-compliant and high-quality banking services to customers from individuals, companies and government institutions across the UAE. It is also keen to be updated with the latest technology that will ensure customers a distinctive experimental banking with the revival of human touch that is lost in the modern era of banking application. Ajman Bank is headquartered in Ajman and enjoys the strong support of the Government of Ajman and is a key pillar in the emirate's economic development strategy. The bank continues its tireless efforts to establish a prominent position in the banking sector as a sustainable Islamic banking institution, with an emphasis on the need to achieve an optimal balance in the community and caring staff, in order to provide real value for shareholders and customers alike.
Web Release
17-02-2025
- Business
- Web Release
Ajman Bank Launches Digital Credit Card Onboarding
By Editor_wr On Feb 17, 2025 Ajman Bank has announced the launch of its new digital onboarding solution for credit cards, available through the Ajman Bank Digital Connect App for new to bank customers. This strategic move fosters the Bank's commitment to enhance financial accessibility and customer convenience through advanced digital banking solutions. Mr. Mustafa Al Khalfawi, CEO of Ajman Bank, said: 'This launch marks a significant milestone in our digital transformation journey. Today's customers demand seamless, instant, and value-driven banking solutions. Our new digital onboarding platform is designed to meet these evolving expectations, ensuring that our customers enjoy an effortless banking experience.' Faizal Kundil, Head of Consumer Banking at Ajman Bank, added: 'By leveraging cutting-edge financial technology, Ajman Bank continues to drive digital innovation, setting a new standard for the future of banking in the UAE and beyond. With this initiative, we are making banking faster, simpler, and more accessible than ever, reinforcing our commitment to providing best-in-class financial solutions for our customers.' With this advanced digital onboarding process, any UAE resident aged 21 and above can apply for an Ajman Bank Credit Card by simply uploading their required documents via the Ajman Bank Digital Connect App. Once the verification process is completed within a few business hours, successful applicants receive an instant virtual card, followed by the delivery of a physical card. To further enrich the banking experience, customers applying through the Digital Connect App will benefit from an exclusive Welcome Cashback of AED 1,000, alongside a host of premium travel, hospitality, and cashback rewards. The intuitive application journey ensures customers can obtain their credit card in just a few steps, making banking faster, convenient, and more rewarding. The key features of the new credit card digital onboarding process include: 100% Digital Application: Apply for a credit card anytime, anywhere, directly through the Ajman Bank Digital Connect App. Apply for a credit card anytime, anywhere, directly through the Ajman Bank Digital Connect App. Seamless Authentication: through UAE Pass. through UAE Pass. Instant Virtual Card: Receive a virtual card immediately upon approval, allowing for instant use for online purchases as well as seamless transactions using Apple Pay, Samsung Pay and Google Pay wallets. Receive a virtual card immediately upon approval, allowing for instant use for online purchases as well as seamless transactions using Apple Pay, Samsung Pay and Google Pay wallets. Welcome Cashback: New customers can earn up to AED 1,000 in cashback. This offer is exclusive for customers applying through Ajman Bank Digital Connect App. New customers can earn up to AED 1,000 in cashback. This offer is exclusive for customers applying through Ajman Bank Digital Connect App. Comprehensive Rewards Program: Access a wide range of travel, hospitality, and cashback benefits through Ajman Bank Ultracash and BRight Credit Cards. Access a wide range of travel, hospitality, and cashback benefits through Ajman Bank Ultracash and BRight Credit Cards. Secure and Convenient: The app-based process ensures a secure and hassle-free application experience. Ajman Bank's Digital Connect App is now available for download on the App Store and Google Play. Customers can apply directly and experience the next level of smart, convenient and seamless banking. Ajman Bank Launches Digital Credit Card Onboarding Comments are closed.
