Depositbook is  DIFC and a UK-based financial technology platform providing an open banking solution in the $21 trillion wholesale deposit market. We create a digital network, which enables global banks…

The fintechs ,changing business models and business transformations occupying middle east treasurers

Start-up is attempting to create an online marketplace to help banks secure temporary funding from wealthy investors

DUBAI, United Arab Emirates, April 23, 2019 /PRNewswire/ — UAE based Fintech start-up, NewBridge Fintech Solutions LLC, has partnered with Meteor Asset Management Limited, a UK based Asset Management Company, to provide a deposit marketplace to Global Corporates, Institutional Clients and Family Offices.

When Paul Volcker, ex-chairman of Federal Reserve famously said in 2009 that “the only thing useful the banking sector invented in the last 20 years is the ATM machine”, he was not off the mark.

The UAE and India’s partnership to explore further opportunities in artificial intelligence will benefit both countries especially in the healthcare, education, infrastructure, transportation, climate control and oil and gas sectors, industry executives said.