Dubai-based Bankiom guarantees “new method” to handle cash – FinTech Futures

A brand new banking app within the UAE is promising its customers a “new method” to handle their cash.

Bankiom has an unnamed accomplice financial institution for card issuance

Bankiom presents a card “accepted worldwide”, the flexibility to ship and obtain cash by chat apps like WhatsApp, and on the spot funds.

In response to the agency, buyer accounts can activate in below three minutes, and mortgage functions accredited in 60 seconds.

The fintech says it’s a “new strategy to handle your cash” from a agency that “cares and believes in your future”. It guarantees to not cost any hidden charges for its companies.

Bankiom claims to have accrued greater than 400,000 signups already. Its playing cards are issued by an as-yet unnamed “accomplice financial institution”.

“Bankiom is just not a financial institution,” its web site reads. “Bankiom is for individuals who need extra from their banking expertise. Join and handle all of your financial institution accounts from one dashboard.”

The fintech’s founder, Danny Abla, began the corporate in April 2018. He has beforehand based consulting agency Morphish and mobility firm Rider Applied sciences.

Abla claims he bought one other of his ventures, Lebanese funds firm, PinPay, to “a number one financial institution” in 2013.

The fintech’s chief product officer, Moussa Azar, is the CEO of Lebanese automation start-up Hawes and proprietor of software growth agency MobiKick.

Bankiom joins a listing of challengers within the UAE, together with Clearly, CBD Now, E20, and Mashreq Neo.

Associated: Emirates NBD’s challenger Liv moves to ‘super app’ status

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