Latest news with #OBD
Fintech News ME
3 days ago
- Business
- Fintech News ME
Tuum to Power Uptex Bank's E-Banking Services in MEA
Tuum, an Estonia-based next-generation core banking provider, has been selected by Oliver Business Development (OBD) Holding to support its newly licensed e-banking services in the Middle East and Africa (MEA) under the Uptex Bank brand. 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.'
Mid East Info
4 days ago
- Business
- Mid East Info
Tuum Selected by Uptex Bank to Power E-Banking Expansion in Middle East and Africa - Middle East Business News and Information
Dubai, UAE – August 13, 2025 – Tuum, the leading next-generation core banking provider, has been selected by Oliver Business Development (OBD) Holding to power its newly licensed e-banking services in the Middle East and Africa (MEA) called Uptex Bank. The partnership marks Tuum's first customer in the Middle East and reinforces its strategy to support innovation-led financial institutions in fast-growing, regulated markets. Following the recent acquisition of its e-banking license, OBD is launching Uptex Bank, a suite of digital wallet and payment services designed to unify its growing financial ecosystem. This includes Uptex Broker, a forex and CFD broker in MEA, and Rizzbees, its EU-licensed Crypto Exchange Platform. The new proposition will run on Tuum's modular, cloud-native core, deployed via AWS in Europe and purpose-built for scalability, compliance, and rapid go-to-market. Uptex Bank was looking for a partner who could help them deliver a Minimum Viable Product (MVP) in a very short timeframe without compromising on scale or regulatory readiness. Tuum's approach as a true partner, rather than a vendor, was key to making this possible. '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. ' 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. With Tuum's flexible, API-first platform, we're creating a banking experience that's modern, human, and built for how people live now, not how banks used to operate.' Crucially, Tuum's API-first infrastructure allows Uptex Bank to seamlessly integrate its new e-banking services with its existing brokerage and crypto exchange, enabling a unified, interoperable financial environment across its brands. The solution is fully aligned with Oman's regulatory framework, including requirements from the Central Bank of Oman and the Capital Market Authority. Tuum's technology will also enable OBD to support digital wallets and multi-currency payments (USD, EUR, GBP, AED, OMR, SAR) from day one. The group expects to onboard more than 50,000 users in its first year, with millions of transactions anticipated across its fintech portfolio. Uptex Bank selected Tuum through a competitive process, with speed, scalability, and regulatory readiness emerging as key differentiators. With an MVP launch planned within months, Tuum's ability to move fast while delivering enterprise-grade control gave Uptex Bank the confidence to move forward. Beyond the core platform, Tuum also worked closely with Uptex Bank to bring together the right ecosystem partners for the initiative ensuring each aligned with Uptex Bank's specific use cases and 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.' -Ends-
Evening Standard
30-07-2025
- Automotive
- Evening Standard
Best car diagnostic tools to save time and money
They're not always in the same place on all cars, and are often hidden behind a panel in the driver's compartment near the fuses. It's worth familiarising yourself with the position of the socket if you intend using an OBD scanner, to avoid a frustrating time searching for it when you need it. Here are some of the best.
Scotsman
03-07-2025
- Lifestyle
- Scotsman
Wowcher drops £499 hanging egg chair to £109 – over 1,600 sold
The egg chair normally costs £400 so it's no wonder these are selling so fast | Wowcher This article contains affiliate links. We may earn a small commission on items purchased through this article, but that does not affect our editorial judgement. A huge 78% saving has slashed the price of this luxury egg chair to just £109 – and over 1,600 buyers have already grabbed the deal on Wowcher. Sign up to our daily newsletter Sign up Thank you for signing up! Did you know with a Digital Subscription to Edinburgh News, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... If you're quick, and if you can catch the 78% discount, you could buy this two-metre-tall egg chair for £109. It's usually £499.99, so the saving is massive, and it's obviously selling very fast. In fact, at the time of writing more than 1,600 people have bought one. We don't know how long stocks will last at this price, but it's a fabulous deal, because hanging egg chairs usually cost north of £200, if not a lot more. The chair is perfect for indoor or outdoor use | Wowcher It's being sold by Hirix, through Wowcher, and you'll need to follow a few simple steps to unlock the deal, but it could be on its way to you soon if you apply for the voucher today. Made with a robust frame that supports up to 200kg, it even comes with cushions, which are removable and washable. It's a self-assembly piece, but Wowcher says it only takes 20 minutes. And it doesn't come with a cover, but you won't need one for the weatherproof frame. It's wise to take the cushions in, though. You could of course use it as an indoor centrepiece, it doesn't have to be an outdoor item. It'd look great in a conservatory or living room. Click here to find out more about the deal. Carly 20% off!! Unlock hidden features and save money with Carly's smart car diagnostic tool £ 50.00 Buy now Buy now Ever wondered what that warning light on your dashboard actually means? Basic OBD scanners might tell you the code – but Carly goes much further. This clever German-made device pairs with a powerful app to translate those fault codes, explain what's wrong, and even guide you through potential fixes. You'll also unlock bonus features, like hidden menus and digital speedos on compatible cars. Right now, you can get 20% off as part of Carly's Birthday Sale with code BDAY20. For more details click here.
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Business Standard
16-06-2025
- Automotive
- Business Standard
Passenger vehicle dispatches dip marginally in May, two-wheelers edge up
Passenger vehicle dispatches were down by 0.8 per cent to 344,656 units Sohini Das Mumbai Passenger vehicle (PV) dispatches declined marginally in May after posting a 4 per cent growth in the previous month, while two-wheeler (2W) dispatches were up by a meagre 2.2 per cent during the month. According to data from the Society of Indian Automobile Manufacturers (SIAM), PV dispatches were down by 0.8 per cent to 344,656 units. Industry watchers said that high dealer inventory has put pressure on dispatches. PV retail sales in May were down by 3.1 per cent year-on-year and 13.6 per cent month-on-month. The Federation of Automobile Dealers Associations (FADA) has said earlier this month that PV inventory day has climbed to 52-53 days. 'Elevated inventory days and subdued consumer sentiment—particularly in entry-level models—compounded by war-related tensions for border-state (J&K, Punjab, Rajasthan, Gujarat) and margin-money challenges; healthy bookings offset by weak retail conversions,' FADA had said. Rajesh Menon, director general of SIAM, said that all vehicle segments posted stable performance in May – PV dispatches at 344,656 units, which is the second highest-ever May sales. Three wheelers were down by 3.3 per cent compared to May last year, and two-wheeler dispatches were up 2.2 per cent. Going forward, the RBI's three repo rate cuts totalling 100 basis points in less than six months, along with a forecast of above-normal monsoons are some of the indicators which should positively impact the auto sector by improving affordability and boosting consumer sentiment in the coming months,' Menon said. Interestingly, the utility vehicle (UV) segment has grown in May – dispatches rising by 7.6 per cent, while passenger car dispatches were down by 12.2 per cent. Two-wheeler performance has turned around – selling 1.65 million units, registering a 2.2 per cent growth. In April the two-wheeler sales had disappointed, dropping by 16.7 per cent to 1.45 million. Menon had said that the two-wheeler segment decline in sales was due to the high base effect of April last year, and it is expected to pick up in the coming months. 'Auto industry smoothly transitioned to the new regulatory regime of 2nd stage of On-Board Diagnostics (OBD) 2 regulation for two and three wheelers from April 2025 onwards, in addition to rolling out E-20 compliant gasoline vehicles across the country from this month,' he added. Within 2W, the motorcycle segment is flat at 1.03 million, while scooter sales have grown by 7.1 per cent. Three-wheeler segment has continued to post a decline in sales for the second consecutive month this fiscal. In April, the 3W segment had fallen by 0.7 per cent, and in May the dispatches had shrunk by 3.1 per cent Y-o-Y.
