On the 17th and 18th May at the Jumeriah Emirates Towers, Dubai, UAE, the financial industry will once again congregate at the 14th Edition of the Middle East Banking Innovation Summit (MEBIS).  

Well known as the must attend industry event, the MEBIS Summit will delve into topics of data analytics, multichannel solution platforms, next-gen technology transformation, digital modernization, governance, and how GCC-based banks are proving to be leaders in embracing new technologies and transformation for enhanced sustainability across the banking sector.

The UAE Banks Federation supports this year’s edition, with Jamal Saleh, the Director General of UBF, providing the opening welcome address.

“Amidst the constantly evolving banking landscape, sustainability has emerged as a critical factor in driving the future of our industry. As we navigate the challenges and opportunities of the digital age, it is imperative that we remain steadfast in our commitment to social and environmental responsibility, and work collaboratively towards building a more inclusive and sustainable financial ecosystem. And as we do so, we need to ensure that we remain focused on Emiratization, which is not only a strategic imperative for the banking sector but also across all industries. Banks have a pivotal role to play in fostering local talent and providing them with employment opportunities that will enable them to realize their full potential and implement the Central Bank’s Emiratization Plans, hence empowering Emiratis with the skills, knowledge, and resources that they will need to succeed in the industry, as we are not only investing in our future but are also contributing to the overall prosperity of our UAE society.”

 UAE Banks Federation, Director General – Jamal Saleh

The impressive lineup of speakers features a dynamic range of banking professionals and financial experts including a special address from Ahmad Mohmd Fawzi Abu Eideh, from Invest Bank, UAE, and interactive fireside chats with guest speakers Srinivasan Sampath from First Abu Dhabi Bank and, Mohamed Nazih Rashad of the Abu Dhabi Islamic Bank, Sean Langton from Abu Dhabi Commercial Bank and Nidal Khalifeh, from the Jordan Ahli Bank plus Shaker Zainal, will represent Strategic Partners, Emirates Development Bank 

Tristan Brandt of Rakbank and Aditya Baswan of First Abu Dhabi Bank will be joining the CxO panel discussion on Exploiting Capital in the New Economy with Next-Gen Technology Transformation, Atul Chandorkar from Qatar Islamic Bank and Mehreen Zakaria from Citi will share their thoughts on Data in the Digital Era & Powering the Future. Vipul Kapur from Mashreq Bank will be joined by Anand Krishnan from Emirates Investment Bank and Kaushik Kadayam from Standard Chartered Bank to share their insights on Technology Transformation Redefining the Value Proposition of Modern Relationship Management.  

Soumaya Hissoussi of Bank Lombard Odier & Co Ltd, and Adnan Fasih of Habib Bank will speak about  Islamic Banking for a Rapidly Transforming Economically Stable Digital Economy in the MENA Region, while Zsombor Brommer from United Arab Bank and Abbas Bou Diab of BLOM Bank Qatar of will consider Powering intelligent Risk, Compliance, Governance, Fraud & Audit with Digital Modernization and Transformation, with Vikram Sandhu from Emirates NBD and Alex Bak from Commercial Bank International will participate on the panel entitled:  From CX trends to Metaverse and Multichannel Marketing Hubs – Toolkits for Powering Up an Omni-Channel Dominance.

“As the banking industry in the Middle East, and around the world continues to rapidly evolve with the advancement of technology, the industry must strive to continuously innovate to stay relevant and meet the changing needs of customers. We are honored to be a sponsor of a premier event, such as MEBIS, where we will be chairing a panel session on next-gen technology and digital transformation,” said Bhavya Kumar, Managing Director and Partner at Boston Consulting Group. “Events like these bring together the brightest in the industry, and is an excellent platform to come together, share ideas, and explore new solutions that will drive growth and success in the years ahead, and I am looking forward to it."

In addition to this, Andrés Bernad  from “Title Sponsors”, IBM Consulting is presenting on the Global outlook for Banking and Financial Markets, Ashwani Arora, from “Powered by” sponsors, Dataiku will share insights on The Power of everyday AI, Puneet Chhahira from Infosys Finacle will speak on Banking-as-a-Service and Embedded Finance:  Leapfrogging with Composable Core Banking Platform. Motaz Ghazi & Soren Benfeldt , Director, Client Technical Architect from Kyndryl, will discuss Building the bank of the future:  unleash collaboration for core banking modernization, and Bharani Subramaniam from Thoughtworks will deliver a presentation titled Moving Beyond Digital Transformation to Build Digital Banking Multichannel Solution Platforms.

"Amid rapid digitization, the Middle East’s banking industry is going through radical transformation to continually enhance customer-centricity through innovation. To compete in this experience-led economy wherein customer and employee experience is becoming a requirement rather than merely a distinction, banks and financial institutions must embrace technology as an ally,” said Fionnuala Morris, Vice President and Managing Director, Kyndryl Gulf and Levant. “Investing in strong IT infrastructure is one thing, however, the question is how can they leverage this infrastructure to extract enterprise value from their technology investments. This is where Kyndryl steps in as a trusted advisor to guide, direct and enable organizations to meet their business goals and growth."

With only a few days to go, don’t miss out on the opportunity to attend the leading banking technology event in the Middle East region, MEBIS 2023.  The summit will bring together over 400+ senior bankers and fintech leaders from across the MENA region, providing you with the perfect platform to have power packed face-to-face business discussions with influential experts and industry leaders.

For more information, visit: mebis.me

London Stock Exchange Group (LSEG) has selected OpenFin’s technology for its flagship LSEG Workspace platform. The partnership will leverage OpenFin’s secure zero-install delivery model and container technology to simplify distribution of LSEG’s next-generation data and analytics to customer desktops. 

LSEG Workspace provides wealth advisors, research analysts, portfolio managers, investment bankers and traders with access to leading financial data, news, analytics and productivity tools in an intuitive end-user experience. The platform is used by financial market professionals across the industry. 

OpenFin is the leading provider of Chromium container and workspace technology to the financial industry, now deployed to more than 3,800 banks and buy-side firms. Under the partnership, LSEG will migrate LSEG Workspace to leverage OpenFin’s technology, making its platform more easily deployable and interoperable with thousands of internal apps developed by banks and buy-side customers. 

Dean Berry, Group Head of Trading & Banking Solutions at LSEG, said: “Transforming user experience starts with seamless delivery of LSEG Workspace to customer desktops. Use of OpenFin significantly enhances our delivery model and end user experience, leveraging technology that is already trusted by most global banks and leading asset managers.” 

OpenFin is the only provider of container technology that is co-stable with Google Chromium, ensuring that critical security patches and other enhancements to the Chromium engine are continuously and seamlessly delivered to end user desktops. Its zero-install model, designed through collaboration with major financial institutions, ensures security and stability while enabling agile delivery. 

Borre Wessel, Head of Desktop Platform Technology, said: “As technologists we greatly appreciate OpenFin’s commitment to open web standards and their rigorous process for keeping up with Google Chromium. We will leverage their technology to deliver LSEG Workspace cross-platform to both Windows and Mac devices.” 

Adam Toms, CEO of OpenFin Europe, said: “We are delighted to be partnering with LSEG on their digital transformation journey. We believe the work they’re doing will be truly transformative for our mutual customers and for the industry overall.”

Wolters Kluwer, the Dutch tech firm which is home to award-winning regulatory and risk management businesses, is helping shed light on the likely causes behind several recent bank failures.

Essential in banks’ ability to readily identify early warning signs, notes Suzanne Konstance, Vice President and Lien Solutions Leader, Wolters Kluwer Compliance Solutions, is having  “a front-line platform with the power to inform risk officers and enable processes that can create a more robust risk appetite statement than many automated filing and lien management services to protect one’s security interests, she writes.“ Lenders can capture insights into their loan portfolios and create a risk appetite statements structure for managing those assets more effectively. Here, data plays a key role because it can help better calculate secured lending risk exposure, Konstance argues.

The specific steps an institution takes to proactively mitigate risks vary depending on the institution, and with banks relative in size to Silicon Valley Bank (SVB), Signature Bank and, most recently, First Republic Bank, a critical component is having built a robust internal balance sheet management system to identify critical gaps on their balance sheet.

Early signs of trouble may emanate from financial news stories or social media, news about a delay in a bank’s financial reports, branch closings, or reports that a bank might be acquired or sold. Wolters Kluwer Legal & Regulatory U.S. has prepared a Due Diligence Checklist that sets out what to look for and ask about when conducting one’s own assessment of the health of a financial institution. The Checklist identifies proactive steps to gauge how sound a bank is, and whether it is stable enough to merit one initiating or continuing business with that institution.

Once a bank shows signs of trouble, an assertive and prompt response from government, regulators and industry peers can go a long way in mitigating the losses experienced by a bank and its depositors. The quick and decisive actions in response to the SVB and Signature Bank failures helped minimize the impacts to depositors and restore confidence in the U.S. banking system, says Tim Burniston, Senior Advisor, Regulatory Strategy, for Wolters Kluwer Compliance Solutions. “What we can point to in the early days of these developments is that regulators and major banks are collectively working to stem further losses and instill confidence.” Burniston expects to see “more positive measures by regulators and the industry to address and calm the current turbulence in the industry.”

“Banks should be able to run simulations that, in times of uncertainty, will enable them to apply a holistic risk management framework, which will assist the bank when a crisis appears. While supporting business as usual, they will have the ability to recognize and act quickly when an event occurs,” notes Jeroen Van Doorsselaere, Vice President of Global Product & Platform Management, Wolters Kluwer Finance, Risk & Regulatory Reporting (FRR). “In an everchanging and dynamic regulatory landscape, the ability to use regulatory metrics further constrains the internal risk management system and ensures regulatory compliance at all times while optimizing it from a risk perspective.”

Last week the company released its Q1 2023 trading update, reporting 5% growth in constant currencies and 6% organic growth in revenues, with recurring revenues up 7% organically.

XS.com, the global fintech and financial services provider, has today announced that Wael Hammad has joined the brokerage as the new Chief Commercial Officer (CCO). Hammad has over a decade of experience in the financial services industry and will be reporting to Mohamad Ibrahim the firm's Group Chief Executive Officer (CEO). Hammad’s main responsibilities will include driving revenue growth globally through the development and implementation of commercial strategies that align with the Groups overall goals and objectives in existing and new markets. 

"I am delighted to welcome our new Chief Commercial Officer, Wael Hammad, to the Group. With his extensive experience from working in the finance and FinTech world for many years, coupled with his proven track record of success, I am confident Wael will bring a fresh perspective and new ideas to the table. I look forward to working closely with him to continue driving our business forward and delivering exceptional results for our valued traders, partners, and stakeholders.” said Mohamad Ibrahim, Group Chief Executive Officer (CEO) at XS.com about the firm’s new hire.   

Wael Hammad has extensive experience working in the finance industry, in this new role he will be responsible for leading the company's revenue-generating activities, including sales, marketing, business development, and customer relations on a global level. He will be working closely and collaborating with other departments to create integrated and seamless trading experiences.

Wael Hammad, Chief Commercial Officer at XS.com, expressed enthusiasm about joining the global brokerage: “I am thrilled to be joining the XS Group, a dynamic and innovative brokerage. With its forward-thinking approach to the financial services industry and its commitment to delivering exceptional service to clients, I believe we have a tremendous opportunity to grow and succeed together. I look forward to working closely with a talented team - that is growing daily - to build on the firm's already impressive track record within the multi-asset trading and FinTech sphere. My mission will be to take the XS Group to even greater heights."

The XS.com Group has a rapidly expanding team of experienced professionals joining the brokerage including Despina Yabona who recently joined as the firms new Head of Public Relations, Chanelle Tsoka who came on board as the new South Africa Country Director and Andreea Ilies who is the brokers new Global Head of Events.

Temenos, today published new high-water benchmark performance results for Temenos Banking Cloud on Microsoft Azure and MongoDB Atlas infrastructure. The benchmark scenario simulated a client with 50 million retail customers, 100 million accounts and a Banking-as-a-Service (BaaS) offering for 10 brands and 50 million embedded finance customers on a single cloud instance.

In the test, Temenos Banking Cloud processed 200 million embedded finance loans and 100 million retail accounts at a record-breaking 150,000 transactions per second. In doing so, Temenos platform proved it’s robust and scalable to support banks’ business models for growth through BaaS or distributing their products themselves. The benchmark included not just core transaction processing, but a composed solution combining payments, financial crime mitigation (FCM), data hub and digital channels.

The performance benchmark with Microsoft and MongoDB shows the unmatched scalability of Temenos’ cloud-native and composable platform helping banks massively scale and cater for the high volumes of transactions in the BaaS world where multiple brands are hosted on a single platform.

The benchmark also underscores the advances Temenos has made to provide a cleaner and greener infrastructure, helping banks scale efficiently and achieve their sustainability goals. Temenos cloud architecture elastically scales, enabling banks to process higher volumes of transactions showing 49% like-for-like improvement for the tested workloads compared to the previous release.

Real-world deployments demonstrate the scalable performance of the Temenos platform, with a global payments provider launching its Buy-Now-Pay-Later service on the Temenos Banking Cloud, reaching 25 million BNPL consumers which equates to 150 million loans; this was the fastest start to any product launch in the company’s history.

Temenos is the only software company to offer a single platform for any type of bank, retail, corporate or wealth; suitable for any size bank; and also, cloud-native, readily available on all major public cloud providers for banks to run themselves or as a SaaS solution via Temenos Banking Cloud.     

Tony Coleman, Chief Technology Officer, Temenos, commented: “No other banking technology vendor comes close to the performance and scalability of Temenos Banking Cloud. We consistently invest more in cloud technologies and have more banks live with core banking in the cloud than any of our peers. With global non-cash transaction volumes skyrocketing in response to fast-emerging trends like BaaS, banks need a platform that allows them to elastically scale based on business demand, provide composable capabilities on-demand at a low cost, while reducing their environmental impact. This benchmark with Microsoft and MongoDB proves the capability of Temenos’ platform to power the world’s biggest banks and their BaaS offerings with hundreds of millions of customers, efficiently and sustainably in the cloud.”

Boris Bialek, Managing Director of Industry Solutions, MongoDB, added: “Temenos’ cloud-native, microservices-based architecture on MongoDB Atlas database gives customers flexibility, while also improving security, performance, and scalability. The document model is a key ingredient for a composable banking architecture, and the high throughput of the benchmark proves that the resilience of Temenos banking platform and MongoDB’s developer data platform can support the needs of even the largest global banks.”

Bola Rotibi, Chief of Enterprise Research, CCS Insight, said: “Flexibility, platform choice and the ability to scale are becoming increasingly important factors for our banking community as they look to Embedded Finance and Banking-as-a-Service as areas of growth. Benchmarking results such as the one on Microsoft Azure, shows that Temenos Banking Cloud can elastically scale up and down based on business demand. Providing composable capabilities on-demand at a low cost supported by automatic scaling reduces the overall environmental impact. This adds further choice for Temenos’ clients and for the broader banking and financial services industry.”

MAP FinTech and Tools for Brokers (TFB) are pleased to announce their partnership focusing on the integration of MAP FinTech’s reporting solution with TFB's Trade Processor liquidity bridge with the aim of enhancing the functionality of both firms’ offerings. 

By integrating their cutting-edge technologies, TFB and MAP FinTech will place a strong emphasis on facilitating regulatory compliance for EMIR, MiFIR, ASIC, and Best Execution Monitoring. This integrated solution will provide clients with seamless and quick onboarding, enhanced safety and continuity, increased robustness of the reporting process, cost efficiencies, and a continuance of the excellent after-sales support services provided by both firms. 

Tools for Brokers provides top-notch technology solutions for retail brokerages and hedge funds. The firm’s flagship liquidity bridge, Trade Processor, offers multiplatform support, advanced order execution, and other powerful functionalities. The bridge is complemented by data and money management, and smaller tools for niche broker needs.

MAP FinTech is one of the first providers in Europe to have reported under the European Market Infrastructure Regulation (EMIR) and, over the years, has developed fully automated solutions for various regulatory requirements. The firm’s Polaris platform, with its advanced capabilities for reconciliation, validation, and monitoring, has become an extremely useful tool for regulated entities, being recognized as a leading regulatory platform with a proven track record of success and performance. The technology and support processes involved have been finetuned over the years, making Polaris one of the most mature regulatory reporting platforms available in the global market today. 

Alexey Kutsenko, CEO of TFB, said: “We are very pleased to announce our partnership with MAP FinTech. Making reporting and data analysis accessible for our clients is an ongoing focus for TFB. We are constantly working on making data in the Trade Processor liquidity bridge more accessible to all users. Complying with local authority requirements is absolutely essential. Through the collaboration with MAP FinTech, we hope to make this process as seamless as possible and provide built-in reporting for more regulators. With this powerful functionality at their fingertips, our clients will be more diligent and competitive, allowing them to succeed even in turbulent times.”

Panayiotis Omirou, CEO of MAP FinTech, commented: “Our partnership with TFB is a significant step towards simplifying regulatory reporting for financial institutions, and it highlights our commitment to consistently provide added value to our clients. By integrating MAP FinTech's reporting solution with TFB's multiplatform liquidity bridging technology, clients can benefit from a streamlined and efficient reporting process with a full range of regulatory reporting solutions that will save them both time and money. We are thrilled about this partnership with Tools for Brokers and the benefits it will deliver to our clients. We look forward to continuing to set the standard for regulatory reporting in the financial services industry.”

By acquiring a further 26% stake in TTMzero, Danish-British United Fintech has reached the 51% tipping point to gain majority ownership of the Berlin-based RegTech, one of five acquisitions made during United Fintech's just two-and-a-half-year lifespan. The initial investment was made in 2021 and just two years later under United Fintech’s umbrella, revenue has grown 2.5X in the German software provider whose primary clients today includenames like Citi, Morgan Stanley and Commerzbank. And according to Simon Ullrich, co-founder of TTMzero together with Soenke Blunck, the growth journey is a testimony of a partnership where the whole is more than the sum of its parts, which prompted the two founders to sell when the right offer came along:

"Our main motivation was that we wanted access to global markets and with United Fintech’s network, we believe we can grow into new jurisdictions. On their platform, we’re in good company with other innovative founders and experience a lot of important synergies between their technology products and ours. As founders, we preserve the core culture of TTMzero which has always been a focus on product innovation and UX while United Fintech provides a scalable platform that allows us to service our customers as a global company. Thus it’s a ‘best of both worlds’ scenario and in the current market, where it's a matter of size for those who want to be part of the bid for the banks' digital transformation, it makes great sense to be part of something bigger to realize our full potential", says Simon Ullrich, who explains the growing demand for large scale software relationships in fintech, with increased compliance and security requirements driving institutional customers towards larger vendors rather than smaller independent software companies.

Joining a bigger journey

Simultaneously and in a separate transaction, the two German entrepreneurs have used part of their share sale proceeds to invest in United Fintech on a group level. According to United Fintech CEO Christian Frahm, the fintech platform’s projected growth in the coming years poses a rare opportunity for fintech founders wanting to join a bigger journey. He perceives the fintech platform’s position and stewardship as an enabler in a multitude of directions, as today’s financial institutions are steering towards larger technology vendors:

“For the past few years, the trend has been that financial institutions are looking to reduce the number of third-party suppliers. Historically, this would mean more expansive contracts with legacy providers, however, this is where we differentiate ´with a rare combination of great technology from the best niche providers under one umbrella, and we now see this emerging as a winning combo. On a group level, our revenue has increased 5-fold, both organically and via M&A, and predicting only further growth in the niche over the next few years, it was obvious for us to gain a majority stake in TTMzero", says Christian Frahm, who retains intricate knowledge of the fintech and financial industries from his days with Finalto which he founded in 2008.

Partnering with banks for their digital journey 

In little over two-and-a-half years, United Fintech has grown from being just Christian Frahm to employing more than 160 people in 8 countries through both organic growth and by acquiring 5 capital markets software companies, converting these into United Fintech's digital platform partners, in course of action adding i.a. Barclays, Deutsche Bank, ABN Amro, BNP Paribas and Standard Chartered Bank to their list of over 200 customers globally. Over the next 10 years, Christian Frahm's ambition is to complete multiple strategic acquisitions and partnerships with Capital Markets fintechs; to build an "end-to-end roadmap" for banks, asset managers and other financial services firms to replace their old legacy infrastructure with innovative fintech:

"The financial sector is realizing that getting off legacy infrastructure and embracing newer and more open architecture is critical for survival in a world where their customers' behavior and needs are changing drastically. The best products come from niche product companies - not from large legacy providers. That's why our value proposition is attracting massive interest from financial services firms around the world, all of whom are in a digital race against time, and why these seem to rally around larger core providers over smaller stand-alone software firms like never before, giving United Fintech and our platform of products a seriously competitive advantage", concludes Christian Frahm.

ZebPay, India’s oldest and most trusted crypto asset exchange today announced that it has partnered with TaxNodes, an expert-assisted ITR filing platform to simplify tax filing for virtual digital assets in India. As a result of this association, TaxNodes will provide assistance to ZebPay's extensive user community to ensure precise tax calculations and compliance, to keep them updated with the most recent tax-related developments in the virtual digital asset industry.

In 2022, the Indian government implemented a tax on investments in virtual digital assets, whereby any income gained from the transfer of such assets is now subject to a 30% tax and 1% TDS. The complexity of the new tax laws has led to considerable confusion among Indian retail investors and traders in India. Owing to this, there is a critical need to establish appropriate compliance infrastructure and enhance investor knowledge on how to file taxes correctly. Through this partnership, TaxNodes will enable ZebPay users to calculate, evaluate, and file their crypto taxes, alleviate misapprehensions and reduce the possibility of tax miscalculation. In addition to this, TaxNodes’ end-to-end solutions will help users get the much-needed clarity on the taxes levied on their investment, thereby simplifying the taxation journey of every crypto investor in the country.

With India's optimistic outlook towards the crypto market, and the emergence of new taxation infrastructure, the country is poised to become a key player in the global crypto market. The association between ZebPay and TaxNodes will help promote awareness about current and evolving regulations governing virtual digital assets. Apart from getting expert assistance on tax filing, ZebPay users will also receive personalized advisory services by TaxNodes, enabling them to better understand the tax implications of their digital asset investments. In addition, ZebPay users will be able to take advantage of discounted services through an exclusive offer.

Rahul Pagidipati, CEO, ZebPay,  said, "At ZebPay, we are committed to creating a regulatory-compliant ecosystem that fosters the mainstream adoption of crypto in India. This partnership is a significant step towards achieving that goal and enabling greater collaboration between stakeholders in the crypto ecosystem. With 30% taxation and 1% TDS, calculation of taxation on crypto has become a complex process. Our partnership with TaxNodes will not only simplify the tax filing process for virtual digital assets and offer clarity to our users, but also offer personalized tax advisory services to our users at their fingertips."

Avinash Shekhar, Founder & CEO, TaxNodes said, "Our relationship with ZebPay goes a long way back and this partnership is a new chapter in that journey. We are excited to offer our end-to-end solutions to ZebPay’s customers and are confident that they will see value in our seamless tax computation process. Our aim is to help investors calculate, evaluate, and file their crypto taxes accurately while providing them with expert advice and personalized services to trade crypto without worrying about the intricacies of tax filing."

Northteq, Inc., a leading provider of Salesforce loan origination solutions, announces over 60 updates and upgrades to its comprehensive suite of loan origination products. With the latest feature updates, Northteq is taking a major step towards eliminating email from lending by streamlining the application process and creating enhanced efficiencies between lenders and their vendor partners. 

Notable updates include a credit summary feature, providing lenders a snapshot of all their trusted credit information in one place, and three new application features designed to maximize the ease of deal submissions and expedite application creation. The application upgrades are a direct response to feedback gathered from equipment finance lenders, vendors, and brokers. The features are aimed to boost the relationship and productivity of application intake between lenders and their vendor and broker partners. 

Highlighted features include:

• App to App drag and drop OCR technology enabling instant population of credit applications into Salesforce and eliminating paper-based applications. 

• Equipment Finance as a Service (EFaaS) taking a deal from application to documents without human involvement utilizing a 100% API-enabled integration. 

• White-labelled credit applications meeting the needs of vendors and broker partners, allowing branded pdf applications through the partner portal, ensuring a seamless and personalized application process. 

Explore the full list of upgraded products and features here.

ViewTrade, the force that powers fintech, today announced that it has been chosen by Israel’s ONE ZERO Digital Bank to be the broker and technology partner for its new securities trading platform, allowing Israeli investors seamless access to US markets. ONE ZERO customers can now trade in a wide variety of equities and exchange-traded funds listed on the New York Stock Exchange and NASDAQ, using either foreign currency or shekel accounts.  

ViewTrade has served the Israeli market for more than 20 years and currently provides technology and brokerage services to several Tel Aviv Stock Exchange (TASE) members, with an extensive presence among non-bank participants. The addition of ONE ZERO to its roster of clients is emblematic of the significant growth the firm has seen in recent years, expanding from traditional brokerage firms to serve cutting-edge digital-first enterprises as well.    

ONE ZERO will employ ViewTrade’s API and FIX connection to power trading on its signature app that previously provided only banking services. The new trading platform enables independent trading on US stock exchanges at competitive prices and will help clients consolidate their financial activity through a single provider. Traders can execute individual trades or subscribe to a monthly package with no maintenance or trading fees and no minimum commissions, regardless of the order amount. In addition, the bank provides investors with real-time AI-generated insights and updates about their investment portfolio.   

"ONE ZERO has brought unique, entrepreneurial thought to the trading space, and this is one of the most exciting projects we have been a part of,” said Moran Zur, ViewTrade's regional manager for Europe and Israel. “We are big believers in their professional team and visionary business model that are bringing new access and opportunity to investors in Israel. We’re excited to have been chosen as their technology partner, and our partnership is just beginning; as ONE ZERO continues to expand, we are looking forward to helping out.”  

“ViewTrade partnered with us to build a fully digitized solution for our customers’ financial needs,” said Gal Bar Dea, CEO of ONE ZERO Digital Bank. We’re pleased to be enhancing the retail investing experience and helping a diverse array of customers to build wealth.”  

ViewTrade provides technology, support and brokerage services that enable clients to quickly launch or enhance a retail investing experience with leading-edge solutions. ViewTrade is dedicated to delivering business-to-business-to-customer services to new and established financial services providers, embedded fintechs and other firms pursuing digital transformation around the world.