• Partnership seeks to enhance cross-border payments from the UAE to the rest of the world
• Emirates NBD to offer a seamless, instantaneous, cost-effective remittance experience to customers

DUBAI, UAE, May 7, 2024 /PRNewswire/ — Nium, the global leader in real-time cross-border payments, today announced a partnership with Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, to empower customers with a cutting-edge global payments solution that will redefine the financial services landscape in the Middle East and beyond.

The partnership, subject to regulatory approvals, seeks to elevate the remittance experience with seamless, instantaneous cross-border transfers between the UAE and countries worldwide. Remittances from the UAE have been driven by a growing expatriate population and cross-border trade. By leveraging Nium’s payouts services, Emirates NBD offers customers real-time, cost-effective payment solutions with speed and unparalleled reliability.

Emirates NBD selected Nium as a partner, citing the depth of Nium’s global network, comprehensive capabilities worldwide, and the advanced functionality of its platform, APIs and tech stack as decisive factors.

“Nium is focused on achieving ubiquitous reach of our global payments infrastructure,” said Prajit Nanu, Founder and CEO at Nium. “The Middle East is a key market for us, and we have been doubling down on expansion in the region. Our partnership with Emirates NBD extends our presence into the heart of the Middle East with one of the most trusted names in the region. As a cornerstone of the global digital banking industry, Emirates NBD stands at the intersection of trillions of dollars of money movement and through this partnership Nium looks forward to moving more money in real-time across the region and beyond on our global infrastructure.”

Marwan Hadi, Group Head, Retail Banking and Wealth Management at Emirates NBD, said: “As a leading national banking group, Emirates NBD has played an active role in introducing innovation in all our banking solutions. The partnership with Nium, a global leader in real-time, cross-border payments, will facilitate seamless, global transactions for our customers. This collaboration is a testament to the bank’s commitment to embracing cutting-edge technologies and pushing boundaries to deliver excellence.”

Nium recently launched a white paper titled “Payments in the Middle East: The next frontier.” With trillions of dollars flowing through the region each year, and more expected as real-time payment adoption accelerates further, the result is a region that is primed for success and growth. The paper explores how this state of play came to be, the opportunities it presents, and what needs to be done for businesses of all stripes to utilize this new landscape.

The paper calls out a Deloitte report on the Middle East’s fintech industry that stated, “The way forward for the Middle East Fintech ecosystem to reach its full potential goes through regulatory harmonisation and development of strategic partnership between banks and fintechs.” This partnership between Nium and Emirates NDB is just that – an alliance to help further the region’s innovation.

About Nium  

Nium, the leader in real-time, cross-border payments, was founded on the mission to deliver the global payments infrastructure of tomorrow, today. With the onset of the global economy, its payments infrastructure is shaping how banks, fintechs, and businesses everywhere collect, convert, and disburse funds instantly across borders. Its payout network supports 100 currencies and spans 190+ countries, 100 of which in real-time. Funds can be disbursed to accounts, wallets, and cards and collected locally in 35 markets. Nium’s growing card issuance business is already available in 34 countries. Nium holds regulatory licenses and authorizations in more than 40 countries, enabling seamless onboarding, rapid integration, and compliance – independent of geography. The company is co-headquartered in San Francisco and Singapore.  

About Emirates NBD

Emirates NBD (DFM: Emirates NBD) is a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region with a presence in 13 countries, serving over 9 million active customers. As at 31st March 2024, total assets were AED 902 billion, (equivalent to approx. USD 246 billion). The Group has operations in the UAE, Egypt, India, Türkiye, the Kingdom of Saudi Arabia, Singapore, the United Kingdom, Austria, Germany, Russia and Bahrain and representative offices in China and Indonesia with a total of 858 branches and 4,450 ATMs / SDMs. Emirates NBD is the leading financial services brand in the UAE with a Brand value of USD 3.89 billion. 

Emirates NBD Group serves its customers (individuals, businesses, governments, and institutions) and helps them realise their financial objectives through a range of banking products and services including retail banking, corporate and institutional banking, Islamic banking, investment banking, private banking, asset management, global markets and treasury, and brokerage operations. The Group is a key participant in the global digital banking industry with 97% of all financial transactions and requests conducted outside of its branches. The Group also operates Liv, the lifestyle digital bank by Emirates NBD, with close to half a million users, it continues to be the fastest-growing bank in the region.

Emirates NBD contributes to the construction of a sustainable future as an active participant and supporter of the UAE’s main development and sustainability initiatives, including financial wellness and the inclusion of people of determination. Emirates NBD is committed to supporting the UAE’s Year of Sustainability as Principal Banking Partner of COP28 and an early supporter to the Dubai Can sustainability initiative, a city-wide initiative aimed to reduce use of single-use plastic bottled water.

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DUBAI, UAE, May 7, 2024 /PRNewswire/ — Wego, the largest online travel marketplace in the Middle East and North Africa (MENA) region, proudly presents a significant partnership forged with the Moroccan National Tourist Office officially revealed at Arabian Travel Market (ATM) in Dubai.

The alliance between Wego and the Moroccan National Tourist Office stands as a pivotal initiative to spotlight Morocco’s captivating allure as a premier travel destination, both regionally and globally. As the Arabian Travel Market serves as a cornerstone event for the travel industry, fostering collaboration and innovation, this partnership underscores the significance of ATM in catalyzing strategic alliances that drive tourism growth and promote cross-cultural exchange.

Wego and the Moroccan National Tourist Office are committed to leveraging their collective expertise and resources to showcase Morocco’s rich cultural heritage, breathtaking landscapes, and diverse tourism offerings to travelers worldwide. Through targeted marketing campaigns, curated content, and promotional initiatives, the partnership aims to captivate the imagination of travelers and inspire them to embark on unforgettable journeys to Morocco.

“At Wego, we recognize the importance of strategic partnerships in promoting tourism growth and showcasing the beauty of destinations such as Morocco,” said Mamoun Hmedan, Chief Business Officer of Wego. “Our collaboration with the Moroccan National Tourist Office underscores our shared commitment to driving tourism growth and creating memorable travel experiences for visitors. Together, we will harness the power of the Arabian Travel Market to amplify Morocco’s appeal and inspire travelers to explore the wonders of this enchanting destination.”

The partnership between Wego and the Moroccan National Tourist Office symbolizes a union of vision and purpose, with the common goal of elevating Morocco’s profile as a leading travel destination on the global stage. As both entities harness their respective strengths and capabilities, they stand poised to shape the future of travel and tourism, fostering mutual prosperity and enriching cultural exchanges.

About Wego

Wego provides award-winning travel search websites and top-ranked mobile apps for travelers living in the Asia Pacific and the Middle East regions. Wego harnesses powerful yet simple to use technology that automates the process of searching and comparing results from hundreds of airlines, hotels, and online travel agency websites.

Wego presents an unbiased comparison of all travel products and prices offered in the marketplace by merchants, both local and global, and enables shoppers to quickly find the best deal and place to book whether it is from an airline or hotel directly or with a third-party aggregator website.

Wego was founded in 2005 and is dual headquartered in Dubai and Singapore with regional operations in Bangalore, Riyadh, Cairo, Lahore, and Kuala Lumpur.

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LONDON and DUBAI, UAE, May 7, 2024 /PRNewswire/ — To drive new growth across its existing and future fund products, Amwal Capital Partners, an independent alternative investment firm based in Dubai, announces it has enhanced its portfolio and trade order management operations with the implementation of investment management technology from global Fintech leader, Broadridge Financial Solutions, Inc. (NYSE:BR).

Amwal Capital is now live on Broadridge’s investment management platform, which is providing the firm portfolio, order, and risk management as well as visual analytics, and performance attribution.

“As we expand our product offerings and set our sights on new asset classes, Broadridge’s solutions have provided our business with the agility and scalability we need to make our growth plans possible,” said Samer Sarraf, Senior Executive Officer and Director at Amwal Capital Partners. “The Broadridge platform has helped us to successfully streamline our operations and allow us to continue delivering on each of our clients’ individual requirements. The implementation was quick and the support from the team post-implementation has been exceptional.”

“We are delighted to provide Amwal Capital Partners with the technology they need to drive new efficiencies and automate their key processes, allowing them to make better-informed investment decisions and effectively manage their overall risk,” said Mike Sleightholme, President of Broadridge International and Head of Asset Management Solutions. “Broadridge is committed to providing world-class operational infrastructure for investment management firms to help them optimize and scale their investment operations so they can focus on improving returns, servicing clients and attracting new capital.”

Broadridge’s investment management platform includes multi-asset trading, advanced automation capabilities and robust workflow functionality. It automates critical processes across the front, middle and back offices and is catered to an investment firm’s wide range of trading needs. The Visual Analytics module is a comprehensive reporting portal and mobile dashboard, offering customizable reporting features and instant insights into trading, portfolios, and operations data. By reducing the time spent on data gathering and manipulation, the platform enables a clearer understanding of portfolio management performance, risk, and historical portfolio construction decisions, and facilitates improved decision-making processes.

The implementation of Broadridge’s cloud-based performance and attribution module will enhance the investment firm’s analytics capabilities by providing tailored daily performance analytics and calculations. This will elevate performance reporting, increase efficiency, and reduce risk.

About Broadridge

Broadridge Financial Solutions (NYSE: BR), a global Fintech leader with over $6 billion in revenues, provides the critical infrastructure that powers investing, corporate governance, and communications to enable better financial lives. We deliver technology-driven solutions that drive business transformation for banks, broker-dealers, asset and wealth managers and public companies. Broadridge’s infrastructure serves as a global communications hub enabling corporate governance by linking thousands of public companies and mutual funds to tens of millions of individual and institutional investors around the world. Our technology and operations platforms underpin the daily trading of more than $10 trillion of equities, fixed income and other securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 14,000 associates in 21 countries.

For more information about us, please visit https://www.broadridge.com.

About Amwal Capital Partners

Amwal Capital Partners is an Independent Asset Management Firm set up in 2014, investing in the Middle East and North Africa (MENA) region. The team has experience in investing in MENA and have worked together for almost twenty years. During that time, the team has built a very consistent track record having successfully invested across various asset classes in the region.

The Firm has two wholly owned subsidiaries: Amwal Capital Almaliyah, which was set up in 2023 and is based in Riyadh, Saudi Arabia and is regulated by the CMA*; and, Amwal Capital Partners Limited, set up in 2016 and is based in Dubai, UAE and is regulated by the DFSA.

Learn more at https://www.amwalcp.com/

* Provisional license as of this date

Media contact:

Amelia Erswell
[email protected] 
+44 (0) 7582497230

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