Mohammed is a renowned thought-leader in security and cryptography with over fifteen years in the industry as both a researcher and consultant. From building a micropayments system for Ericsson to researching cryptographic algorithms and protocols with Microsoft Research, Mohammed brings a wealth of experience to the team following strategic roles with Accenture and CapGemini.

Also an advisor to Ripple Labs, Mohammed’s most recent projects have focused on security versus scalability versus consensus of Blockchain, and the use of smart contracts for artificial intelligence safety. BABB founder and CEO, Rushd Averroes said: “Dr. Mohammed joins the BABB team at a pivotal time as we scale up our development team to launch the world’s first blockchain-based bank account, set to revolutionalize the future of retail banking.”

“His extensive expertise in IT security, blockchain, machine learning, and the data science fields will complement the immense skill set of our development team as we build the ecosystem of tomorrow’s economy; a global marketplace for human innovation, financial autonomy and wealth creation,” continued Averroes.

BABB represents the future of banking. A banking platform set to empower people, irrespective of income. In BABB everyone is a bank. The individual is at the heart of their own financial platform; within seconds they can download the app, provide a selfie and a voice print, get a UK-based account and become part of the network. A network that delivers total economic inclusion and participation in a global community; an interactive marketplace that delivers universal economic benefits and governance, that espouses values of fairness and equality.

The BABB platform is based on a private permissioned Ethereum blockchain implementation of a distributed ledger using smart contracts technology. BABB uses biometrics to deliver slick and secure UX, using big data analytics to optimise match-making and control risk. The use of artificial intelligence gives customers greater control and lowers the cost of banking for all, with P2P to decentralise some financial transactions while providing other banking services at a low cost, making micro-transactions economical.

On joining the team, Mohammed commented: “I am thrilled to join the founding team at BABB. I believe BABB will form the backbone of the micro-economy and promotes true financial inclusion. A solution for any bank who wants to offer services running on an app and a network enabling social and financial inclusion.”