Latest news with #bankinginnovation
Zawya
3 days ago
- Business
- Zawya
Ajman Bank wins MEA Finance Banking Technology Awards 2025 for outstanding innovation and digital excellence in Islamic Banking
Ajman Bank has been recognised as one of the winners at the prestigious MEA Finance Banking Technology Awards 2025, held on 8 May at the Armani Hotel, Burj Khalifa in Dubai. Now in its fifth year, the awards celebrate excellence in banking innovation and digital transformation across the Middle East and Africa, attracting over 300 senior banking and fintech leaders. Commenting on the achievement, Mr. Mustafa Al Khalfawi, CEO of Ajman Bank, said: 'We are honoured to receive this prestigious award. It is a testament to the strength of our transformation strategy and the dedication of our team. This recognition reflects our customers' trust and our ongoing commitment to providing seamless, secure, and inclusive digital banking experiences. We remain focused on driving innovation in the UAE's financial ecosystem through speed, service, and specialisation.' Organised by MEA Finance Magazine, the awards are widely considered a benchmark for excellence in banking technology. Winners were selected by an expert panel based on criteria including innovation, strategic impact, and execution. The award specifically recognises Ajman Bank's achievement in 'Best Cloud Implementation,' a milestone that has significantly enhanced the overall user experience by delivering faster, more seamless digital services. The adoption of cloud technologies has also opened new, dynamic channels of engagement with customers - redefining convenience, connectivity, and responsiveness in Islamic banking. This accolade further cements Ajman Bank's standing as a digitally agile Islamic bank. The bank's achievements include the successful launch of digital-first services such as instant account opening, fully digital credit card issuance, and collaborations with global fintech and payment platforms. These efforts support the Bank's strategic objectives around financial inclusion, sustainable growth, and the Ajman Vision 2030. 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.
Zawya
22-05-2025
- Business
- Zawya
Yubi Group strengthens MENA leadership with appointment of banking veteran Suvo Sarkar to its Advisory Board
DUBAI, UAE/PRNewswire/ -- Yubi Group, today announced the appointment of Suvo Sarkar, a distinguished leader in global banking and digital transformation, to its Advisory Board in Middle East and North Africa (MENA). With over 36 years of experience across Asia and the Middle East, Mr. Sarkar's appointment reinforces Yubi's strategic focus on driving innovation and expanding its footprint in the region. Suvo Sarkar is the Founder & CEO of 3D Advisory, a boutique consultancy specializing in digitization, data, and design for financial services. A recognized industry thought leader, he brings deep expertise in retail banking, wealth management, and digital innovation. His illustrious career includes serving as Senior Executive Vice President & Group Head of Retail Banking and Wealth Management at Emirates NBD, where he spearheaded the bank's digital transformation and launched Liv., the Middle East's first digital lifestyle bank. Currently, Mr. Sarkar holds advisory roles with global institutions, including Senior Advisor at McKinsey & Company, Executive Advisor to Mastercard, and Chairman of IBM's MEA Advisory Board. He also hosts the acclaimed Money Majlis podcast and serves on boards for Abu Dhabi University, Middle East Venture Partners (MEVP), and fintech startups like NewBridge Fintech. On this remarkable development, Gaurav Kumar, Founder & CEO, Yubi Group commented, "We are honored to welcome Suvo Sarkar to the Yubi MENA Advisory Board. A luminary in global banking, Suvo has been instrumental in architecting the modern financial services landscape of MENA through decades of visionary leadership. As Yubi accelerates its strategic investments and cements its regional presence, Suvo's unparalleled expertise will be pivotal in advancing our mission to redefine debt infrastructure and empower economies at scale." Upon taking up the advisory role, Suvo Sarkar stated,"Yubi's mission to revolutionize debt infrastructure through advanced technology mirrors the next frontier of financial innovation in MENA. Having witnessed the evolution of banking across decades, I see Yubi as a catalyst for redefining how capital flows in this dynamic region. This partnership is not just about growth—it's about shaping a legacy of financial inclusivity and digital-first solutions that will empower institutions and economies for generations." Mr. Sarkar's contributions have earned him global recognition, including: Lifetime Achievement Award (Retail Banker International, 2020) Digital Leader of the Middle East (MIT Sloan Review, 2017) Retail Banker of the Year (Asian Banker, 2015) An alumnus of IIT (ISM) Dhanbad (Gold Medalist) and IIM Calcutta (Glaxo Medal in Marketing), he has also completed executive programs at Stanford, INSEAD, and Oxford. About Yubi Group: Yubi is the world's only technology company powering the full debt lifecycle. Founded in 2020 by CEO Gaurav Kumar, Yubi's unified infrastructure streamlines debt origination, risk assessment, and collections through AI/ML-driven platforms. Backed by top-tier investors including Peak XV, Lightspeed, and Insight Partners, Yubi has facilitated over ₹1.5 lakh Cr in debt volume, serving 17,000+ enterprises and 6,200+ investors & lenders while slashing collections costs by 57%. In MENA, the company has partnered with several leading financial institutions including Emirates NBD, RAKBANK, Dubai Islamic Bank, and Emirates Islamic Bank among others. With a mission to democratize credit access, Yubi is reshaping global finance into an inclusive, transparent ecosystem.
Yahoo
22-05-2025
- Business
- Yahoo
Yubi Group Strengthens MENA Leadership with Appointment of Banking Veteran Suvo Sarkar to its Advisory Board
DUBAI, UAE, May 22, 2025 /PRNewswire/ -- Yubi Group, today announced the appointment of Suvo Sarkar, a distinguished leader in global banking and digital transformation, to its Advisory Board in Middle East and North Africa (MENA). With over 36 years of experience across Asia and the Middle East, Mr. Sarkar's appointment reinforces Yubi's strategic focus on driving innovation and expanding its footprint in the region. Suvo Sarkar is the Founder & CEO of 3D Advisory, a boutique consultancy specializing in digitization, data, and design for financial services. A recognized industry thought leader, he brings deep expertise in retail banking, wealth management, and digital innovation. His illustrious career includes serving as Senior Executive Vice President & Group Head of Retail Banking and Wealth Management at Emirates NBD, where he spearheaded the bank's digital transformation and launched Liv., the Middle East's first digital lifestyle bank. Currently, Mr. Sarkar holds advisory roles with global institutions, including Senior Advisor at McKinsey & Company, Executive Advisor to Mastercard, and Chairman of IBM's MEA Advisory Board. He also hosts the acclaimed Money Majlis podcast and serves on boards for Abu Dhabi University, Middle East Venture Partners (MEVP), and fintech startups like NewBridge Fintech. On this remarkable development, Gaurav Kumar, Founder & CEO, Yubi Group commented, "We are honored to welcome Suvo Sarkar to the Yubi MENA Advisory Board. A luminary in global banking, Suvo has been instrumental in architecting the modern financial services landscape of MENA through decades of visionary leadership. As Yubi accelerates its strategic investments and cements its regional presence, Suvo's unparalleled expertise will be pivotal in advancing our mission to redefine debt infrastructure and empower economies at scale." Upon taking up the advisory role, Suvo Sarkar stated, "Yubi's mission to revolutionize debt infrastructure through advanced technology mirrors the next frontier of financial innovation in MENA. Having witnessed the evolution of banking across decades, I see Yubi as a catalyst for redefining how capital flows in this dynamic region. This partnership is not just about growth—it's about shaping a legacy of financial inclusivity and digital-first solutions that will empower institutions and economies for generations." Mr. Sarkar's contributions have earned him global recognition, including: Lifetime Achievement Award (Retail Banker International, 2020) Digital Leader of the Middle East (MIT Sloan Review, 2017) Retail Banker of the Year (Asian Banker, 2015) An alumnus of IIT (ISM) Dhanbad (Gold Medalist) and IIM Calcutta (Glaxo Medal in Marketing), he has also completed executive programs at Stanford, INSEAD, and Oxford. About Yubi Group: Yubi is the world's only technology company powering the full debt lifecycle. Founded in 2020 by CEO Gaurav Kumar, Yubi's unified infrastructure streamlines debt origination, risk assessment, and collections through AI/ML-driven platforms. Backed by top-tier investors including Peak XV, Lightspeed, and Insight Partners, Yubi has facilitated over ₹1.5 lakh Cr in debt volume, serving 17,000+ enterprises and 6,200+ investors & lenders while slashing collections costs by 57%. In MENA, the company has partnered with several leading financial institutions including Emirates NBD, RAKBANK, Dubai Islamic Bank, and Emirates Islamic Bank among others. With a mission to democratize credit access, Yubi is reshaping global finance into an inclusive, transparent ecosystem. Learn more: Photo: View original content to download multimedia: SOURCE Yubi Sign in to access your portfolio
