Fintech PR
AUM of USD 635 Billion at ADFW Caps Stellar Q4 as Trillion-Dollar Club Flock to ADGM
ABU DHABI, UAE, Dec. 19, 2024 /PRNewswire/ — ADGM, the leading international financial centre of Abu Dhabi and a globally recognised hub for asset and wealth management unveiled nineteen major announcements from global financial institutions during the third edition of ADFW. These represent almost USD 635 billion in assets under management (AUM) and follow other Q4 announcements from the world’s largest asset managers, BlackRock, PGIM, and Nuveen, which have also been set up in ADGM.
This remarkable increase, from USD 450 billion to USD 635 billion, within a year has reinforced the centre’s reputation as the region’s fastest-growing and one of the world’s most dynamic jurisdictions for asset management. This growth has been further bolstered by the establishment of billionaire-led family offices, including those of British businessman Asif Aziz, prominent philanthropist and financial strategist Wafic Said, and Singaporean entrepreneur and real estate leader Kishin RK, underscoring the centre’s growing appeal as a global wealth management hub.
Commenting on Abu Dhabi and ADGM’s continued momentum, H.E. Ahmed Jasim Al Zaabi, Member of Abu Dhabi’s Executive Council & Chairman of the Abu Dhabi Department of Economic Development (ADDED) and ADGM said, “These milestones reflect the heart of what makes Abu Dhabi so special—a shared vision of progress, partnership, and possibility. The growing number of global financial leaders and innovators choosing ADGM is a testament to the trust they place in our infrastructure, robust regulations, commitment to excellence and Abu Dhabi’s reputation as the world’s safest and most dynamic jurisdiction for asset and wealth management. As we welcome these new partnerships, we remain dedicated to driving the growth and diversification of the ‘Falcon Economy’ and creating opportunities that resonate across industries and borders. It’s an exciting moment for ADGM, Abu Dhabi, and all those who are part of this remarkable journey.”
Larry Fink, Chairman and CEO of Blackrock praised Abu Dhabi commenting, “It’s been a long journey watching how Abu Dhabi has matured as an economy. The constant innovation that I’m seeing from the economy and from the leadership. And Abu Dhabi has really positioned itself to become a leader over the next 20 years. Its psychology was different, and now it’s blossoming into this magnet of opportunity. With that strength, it is now becoming a foundation for innovation.”
“We see a real burgeoning of entrepreneurship happening in the region and believe that the Middle East is the next big entrepreneurial hot spot. We’ve watched this happen before and always had our eye out on areas emerging in terms of entrepreneurship,” said Bill Ford, Chairman & CEO of General Atlantic, during the second day of ADFW.
Sir Paul Marshall, Chairman and Chief Investment Officer of Marshall Wace said, “Abu Dhabi is such a great place. Abu Dhabi is absolutely nailing it. It’s a very attractive place.”
Confirming their establishment in ADGM during ADFW were leading private equity firms General Atlantic, Lone Star Funds, and Investindustrial along with private credit giants Golub Capital and Polen Capital, insurance manager – Eldridge as well as leading global equity management company, Carta and hedge fund Marshall Wace.
This recent wave of commitments from global financial institutions signifies ADGM’s leadership in attracting the world’s foremost investment firms. Reflecting this confidence and growth, billionaire-led family offices have also been drawn to ADGM, recognising it as a trusted hub for managing and growing wealth.
Asif Aziz, Founder and CEO of Criterion Capital commented, “Abu Dhabi’s transformation into a global financial powerhouse makes it an ideal base for our operations. ADGM’s world-class infrastructure and strategic location provide unparalleled opportunities to forge partnerships that align with our growth ambitions across the UAE and beyond.”
Building on its role as a leading destination for global investors and asset managers, ADGM is also redefining financial innovation by advancing its digital ecosystem. A cornerstone of this effort was the launch of Finstreet, a first-of-its-kind international securities market and an ecosystem for private securities, which exemplifies ADGM’s commitment to integrating cutting-edge digital solutions with its robust financial infrastructure. The week also saw a new funding round for Themis and the entry of international digital pioneers Zodia Markets, Polygon Labs, FJ Labs, Aptos Digital, Chainlinks, Astra Tech and Themis, further solidifying the Emirate’s reputation as a global innovation hub.
Meanwhile, FinTech Astra Tech’s Quantix announcement of a landmark USD 500 million financing from Citigroup, among the largest provided to a UAE FinTech company to date, to expand its CashNow consumer lending platform. Additionally, Themis—renowned for its advanced financial crime prevention technologies—is further reinforcing ADGM’s position as a hub for the next generation of financial technologies, secured over USD 9.75 million in scale-up funding, building on its success in partnerships with global leaders, including ADGM underscoring its role in advancing financial crime prevention in innovative regulatory environments.
The market announcements were released during the third edition of ADFW held under the theme “Welcome to the Capital of Capital,” which gathered more than 20,000 leaders and executives from across the financial services industry, which collectively represented more than USD 42 trillion in assets under management.
This wave of newcomers ADFW underscores Abu Dhabi’s position as a global financial powerhouse and ADGM’s role as a catalyst for economic diversification, attracting top-tier talent, cutting-edge technologies, and transformative investments that are shaping the emirate’s future.
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Fintech PR
Vantage Markets and NEOM McLaren Celebrate Three Years of Collaboration with Festive Greetings Video
PORT VILA, Vanuatu, Dec. 20, 2024 /PRNewswire/ — Vantage Markets and NEOM McLaren Electric Racing celebrate three years of partnership with the release of a festive greetings video. The video reflects on the incredible journey with Vantage, whilst celebrating electric racing and climate change awareness.
Since the first race together in Saudi Arabia in 2022, Vantage and NEOM McLaren have worked side by side to spotlight the power of collaboration, sustainability, and forward-thinking solutions. Extreme E is an electric racing series that focuses on raising awareness of climate change while tackling environmental and social challenges.
Some key highlights of the Vantage-NEOM McLaren partnership include:
- Reborn a Trader: Supporting Vantage’s global campaign, the NEOM McLaren Extreme E team took on the “Can’t See, Can’t Hear, Can’t Talk” challenge, drawing parallels between trading and motorsport by emphasizing the importance of resilience and the right mindset.
- 15th Anniversary Celebration: NEOM McLaren joined in the celebration of Vantage’s 15 years of excellence, highlighting key moments of the partnership on social media.
- International Women’s Day: Together, Vantage and NEOM McLaren celebrated diversity and inclusion by spotlighting Cristina Gutiérrez, showcasing the strength of women in motorsport and beyond.
Ian James, Managing Director of NEOM McLaren Electric Racing, reflected on the collaboration in the video:
“Vantage and NEOM McLaren have been on an incredible journey over the past three years, from our very first Extreme E race in Saudi Arabia in 2022. Together, we have learned so much about the world of electric racing, mobility, and sustainability as we embarked on a journey to support the awareness of climate change.”
Marc Despallieres, Chief Strategy & Trading Officer at Vantage, also shared his thoughts on the successful collaboration:
“Our partnership with NEOM McLaren has been a journey of innovation and shared purpose. Over the past three years, we’ve demonstrated how performance, sustainability, and collaboration can drive meaningful impact. This partnership has been a testament to what can be achieved when two brands unite with a common vision.”
As Vantage and NEOM McLaren celebrate this incredible partnership, the video reflects a journey of progress, growth, and mutual support. With this shared commitment to innovation and positive impact, Vantage looks forward to creating even greater opportunities for its global community.
To watch the festive video and celebrate the spirit of the season, visit Vantage Markets.
About Vantage
Vantage Markets (or Vantage) is a multi-asset CFD broker offering clients access to a nimble and powerful service for trading Contracts for Difference (CFDs) products, including Forex, Commodities, Indices, Shares, ETFs, and Bonds.
With over 15 years of market experience, Vantage transcends the role of broker, providing a trusted trading ecosystem, an award-winning mobile trading app, and a user-friendly trading platform that empowers clients to seize trading opportunities. Download the Vantage App on App Store or Google Play.
trade smarter @vantage
RISK WARNING: CFD trading carries significant risks. You could lose more than your initial investment.
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Fintech PR
Nucleus Software Strengthens its Senior Leadership in Australia: Announces Bharadwaj Rao as Regional Sales Head – ANZ
SYDNEY, Dec. 20, 2024 /PRNewswire/ — Nucleus Software, India’s leading provider of robust digital lending and transaction banking solutions to the global financial services industry, is pleased to announce the appointment of Bharadwaj Rao as Regional Sales Head – ANZ, effective November 25, 2024.
Bharadwaj brings over two decades of extensive experience in sales, with a strong focus on the financial services industry. His career is distinguished by a proven ability to streamline processes, drive organizational change, and align sales objectives with broader business goals. With a track record of driving growth and delivering exceptional customer service in the technology sector, Bharadwaj Rao brings unparalleled knowledge and expertise to his new role.
Throughout his career, Bharadwaj has partnered with leading IT companies, honing his expertise in Go-To-Market (GTM) strategies, collaborating with delivery teams, and leveraging partner ecosystems to deliver end-to-end, innovative solutions that empower clients and drive sustainable growth. He also brings extensive experience in Strategic Account Management, specializing in serving banking and financial institutions and cultivating long-term, trust-based relationships with key stakeholders.
Bharadwaj’s appointment reaffirms Nucleus Software’s commitment to customer-centricity and delivering exceptional value, while strengthening its position as a global leader in the financial services industry. In his new role at Nucleus Software, Bharadwaj will focus on driving business expansion, and aligning the product portfolio to meet evolving customer needs. He will also play a pivotal role in strengthening relationships with existing customers and developing strategies to deliver greater value, accelerate innovation, and drive brand growth in the region.
In welcoming Bharadwaj to Nucleus Software, Vishnu R. Dusad, Managing Director and Co-founder, Nucleus Software Exports Ltd., said, “We are thrilled to welcome Bharadwaj Rao to Nucleus Software. His extensive experience and proven track record in the financial services industry, coupled with his expertise in Go-To-Market strategies and strategic account management, will help us deepen our focus on delivering customer-centric, digital-first solutions. As we continue to empower financial institutions with cutting-edge digital lending and transaction banking solutions, Bharadwaj’s leadership will be instrumental in driving growth and strengthening our presence in the Australia and New Zealand region. His passion for understanding customer needs and delivering impactful outcomes aligns perfectly with our mission to transform financial services through innovation and excellence.”
“I am excited to join Nucleus Software, leading technology provider to Financial Institutions. It’s an honor to be part of an organization with a global presence spanning over 50 countries and a reputation for delivering groundbreaking, end-to-end technology solutions that empower the global financial services industry. I look forward to leveraging my expertise to strengthen our client relationships, deliver tangible business outcomes through our intellectual property products, and contribute to Nucleus Software’s continued success in Australia and New Zealand. Nucleus Software’s core principles of integrity, innovation, and customer-centricity resonate deeply with me, and I am committed to upholding these principles in every aspect of our work. Together with the talented team at Nucleus, I am dedicated to delivering exceptional value to our customers and driving Nucleus Software’s legacy of innovation in the financial services landscape,” said Bharadwaj Rao, Regional Sales Head – ANZ, Nucleus Software.
Bharadwaj holds an engineering degree and is recognized for his well-rounded and dynamic personality. His diverse interests include a passion for reading, playing badminton, and enjoying music, all of which reflect his balanced approach to both intellectual and physical pursuits.
His appointment marks an exciting new chapter for Nucleus Software as the company continues to expand its presence in the ANZ region, catering to its unique market demands and strengthening its leadership in delivering cutting-edge digital solutions in lending and transaction banking.
For more information, please visit: www.nucleussoftware.com
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Business Process Xperts – BPX assists African enterprises in protecting their digital transformation initiatives investments by offering efficient business process redesign and optimization services.
DUBAI, UAE, Dec. 20, 2024 /PRNewswire/ — With the rapid pace of digital transformation in Africa, CTOs face challenges in managing system updates and transitions, especially from legacy systems to SAP S/4HANA or similar solutions for greenfield and brownfield projects.
Studies show 68% of digital transformation projects fail due to poor process alignment.
African enterprises are turning to boutique BPR consultants to leverage tools like SAP Signavio, IBM Blueworks, UiPath, and LeanIX. The SAP Signavio BPM suite enables BPR consultants to streamline processes, align strategies with SAP standards, and reduce over-customization.
Prominent firms like ‘Business Process Xperts- BPX’ are leading the block in Africa, with their assistance in strategizing the implementation of powerful modern tools for process optimization.
Speaking on the matter, Nikhil Agarwal, the Founder of ‘Business Process Xperts – BPX‘, says, “Many digitization projects fail when ERP or CRM implementation partners handle BPM activities, as studies show 68% of such projects struggle due to misaligned processes. As software-agnostic process experts, we bring a business-first approach to adopt best-fit processes and hand over a detailed blueprint to implementation partners, ensuring a 99% success rate for digital transformation projects.”
To the enterprises operating in Africa, delays and inefficiencies in the digital transformation projects may negatively impact their businesses and could be a competitive disadvantage. BPX team comes with more than a decade of experience, with advanced process optimization capabilities to help manage challenging business processes and adopt best practices. Their expertise in various advanced process automation tools facilitates reducing duplication and accelerates implementation cycles so that enterprises can achieve more value from their investments.
Rupal Agarwal, Co-Founder of BPX, says, “We create video SOPs and user manuals, ensuring high user adoption for new digital transformation projects, as 70% of digital transformation projects fail due to poor user engagement.”
The key services BPX offers for Africa:
- Strategic BPR consulting for greenfield and brownfield digital transformations
- The active usage of advanced process management platforms like SAP Signavio, UiPath and IBM Blueworks to facilitate process optimization and automation
- Increase user adoption with L5 process maps, SOPs and work instructions
- Organisational Change Management Initiatives
About Business Process Xperts – BPX
As a business process management and consulting company, Business Process Xperts has over 12 years of experience working with 21+ industries globally. From analyzing business processes to automating them, BPX acts as the centre of excellence for achieving long-term and efficient results.
Contact
Dr. Rupal Agarwal
+919860426700
[email protected]
Learn more at businessprocessxperts.com
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View original content:https://www.prnewswire.co.uk/news-releases/africa-ctos-at-high-risk-without-leveraging-process-mapping-for-digital-transformation-302335961.html
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