Written by Leandra Montero
- digital transformation
- Finance House
- financial technology
Finance House, a financial institution in the UAE, has signed an agreement with Global Software Solutions Group, a software solutions organization established in the UAE, to provide real-time payment services in the UAE.
The newly formed partnership will further shape the growing FinTech sector in the UAE. Finance House’s vision is to enable its customers to become personal bankers by making all financial services available through Finance House’s digital platforms. The new real-time payment services will be driven by artificial intelligence (AI) and will allow customers to issue instant payments, including transfers and local payments, at any time of the day, any day of the year. Thus, customers will enjoy a significantly enhanced financial experience with shorter waiting times, as well as faster, safer, and more secure transactions.
“With the UAE’s leading financial technology market in the MENA region, we are proud to partner with the global software solutions group founded by the UAE to offer our clients a service that has not yet been implemented anywhere in the region. While harnessing the power of artificial intelligence to prove Our business in the future, we thank the UAE government for its effective leadership in the digital transformation of the market and the improvement of its payment tools.In addition, we are proud of our partnership in this field with one of our national companies to support its quest to control this promising market. Mohammed Abdullah Al Qubaisi, founder of the Finance House.
Our vision is to serve the UAE and its people by contributing to their future vision of enabling digital participation in the daily interactions of our society. Our partnership with Finance House to automate its institutional payment capacity including real-time payment services, which is the first of its kind in the country, is a significant milestone for us. The strength of our products combined with Finance House’s digital mindset will enable a true digital customer experience for their clients. We thank the leadership of the United Arab Emirates and Finance House for their trust and confidence in the GSS Group Mahmoud Abu Obaid – CEO and member of the Board of Directors of the International Group for Software Solutions.
CoverGo expands its presence in the Middle East with investments from Noria Capital
IBSi Daily News analysis
November 21, 2022
The adoption of artificial intelligence poses cybersecurity challenges for private equity firms
IBSi FinTech Journal
- Most trusted FinTech magazine since 1991
- Digital Monthly Edition
- Over 60 pages of research, analysis, interviews, opinions and rankings
- Global coverage