Reem Financial institution’s transformation displays its ambition to go into the UAE’s colourful monetary marketplace with a differentiated and specialised type constructed on collaboration, simplicity and co-creation.
In a landmark first for the UAE monetary products and services panorama, Reem Finance has finished its transformation into Reem Financial institution (RB), turning into the one finance corporate within the UAE ever to effectively improve to a neighborhood banking licence, granted by means of the Central Financial institution of the UAE (CBUAE). Reem Financial institution is a part of Judan Monetary Protecting, IHC’s devoted monetary products and services platform.
Reem Financial institution’s transformation displays its ambition to go into the UAE’s colourful monetary marketplace with a differentiated and specialised type constructed on collaboration, simplicity and co-creation. The remodeled financial institution will permit fintechs and virtual wallets thru regulated embedded finance and Banking-as-a-Provider (BaaS) infrastructure, whilst handing over a streamlined buyer revel in and seamless get admission to to credit score thru an absolutely virtual adventure. It’ll additionally embed co-creation into its type, partnering with the neighborhood around the UAE to lend a hand form the following era of economic merchandise.
“The UAE has always led by building what others have yet to imagine. Reem Bank is an expression of that conviction. We have built a platform where fintechs find a genuine partner, where individuals and businesses can access the full capabilities of a bank in minutes, and where the next generation of this nation has a hand in shaping its own financial future. This is not a bank that has arrived to compete. It is a bank that has been designed to elevate the entire ecosystem around it, and to do so in a manner fully aligned with the UAE’s vision for a knowledge-based, inclusive and forward economy.”
– Hamdan Al Dahmani, Chairman, Reem Neighborhood Financial institution
The Board has appointed Sara Al Binali as Leader Government Officer. A Board Member of Reem Finance since 2015, she brings a decade of institutional wisdom and continuity, along a transparent mandate to scale the platform into its subsequent level of enlargement. She additionally brings intensive management revel in throughout company and world banking from First Abu Dhabi Financial institution, the place she held more than one senior management roles, together with Team Head of Company, Industrial and Global Banking. On this capability, she led monetary structuring, company partnerships, SME ecosystems and world enlargement. At Reem Financial institution, she’s going to lead the financial institution’s enlargement time table and oversee its endured construction.
“Reem Bank enters this chapter with something rare: a genuine licence to reimagine. Our commitment is straightforward: To build a bank that earns its place in people’s lives by being simple, deeply trusted, and relentlessly forward-looking.”
– Sara Al Binali, Leader Government Officer, Reem Finance
Seraj Tariq Faidi, former CEO of Reem Finance for over a decade, will take at the duty of Deputy CEO of Reem Financial institution, topic to regulatory formalisation. Seraj led the transformation of Reem Finance into an absolutely approved Neighborhood Financial institution, scaling its succeed in to just about 300,000 consumers thru a tradition of agree with, a value-driven ecosystem and a strong community of strategic partnerships laying the forged, sustainable basis on which the Financial institution will flourish.
