back Back

Aarna Capital taps Apex Group’s EDB for Digital Banking Solutions

By Gloria Methri

July 31, 2023

  • Aarna Capital
  • Abu Dhabi Global Markets
  • Apex Group
Share

European Depositary Bank (EDB), Aarna Capital, Digital Banking Solutions, Abu Dhabi Global Markets, Apex Group, Cash Management, FinTech, EuropeEuropean Depositary Bank (EDB), the Luxembourg-headquartered provider of banking, depositary, and custody solutions, has been appointed by Aarna Capital Limited to deliver Digital Banking solutions.

Aarna Capital is a multi-asset brokerage firm, operating from Abu Dhabi Global Markets (ADGM) and offering customers access to futures, options, FX, Bullion, equities, CFDs, and fixed-income products.

Apex Group’s Digital Banking services, delivered by subsidiary EDB, provide a cloud-based, API-integrated solution for institutional clients including Asset Managers and SPVs, Family Offices, Corporates, Trusts, and UHNWIs.

Clients such as Aarna Capital can simply open multi-currency accounts and manage their day-to-day transactions, including global payments, FX requirements, and cash management through automated money market sweeps from a single online dashboard.

EDB’s Digital Banking offering leverages proprietary technology and partnerships with leading FinTech providers to address the common challenges and points of friction experienced by institutional banking customers by providing an expanded functionality and range of services.

As part of Apex Group, EDB is one of the largest providers of depositary services in Europe for regulated UCITS and alternative funds with €180.9bn Assets under Depositary and €24.2bn Assets under Custody.

Ankit Shah, Global Head of Product – Digital Banking, EDB said, “In the rising interest rate environment people with large cash balances and client monies are seeking a banking partner who can provide competitive interest rates, immediate access, and the institutional level banking functionality required to navigate a rapidly changing and evolving regulatory and macroeconomic environment.”

Dima Nedvetsky, Senior Executive Officer, Aarna Capital added, “In EDB, we have a platform that offers exceptional digital functionality with multi-currency accounts, 24/7 access, and immediate withdrawal facilities. In particular, their multi-currency cash sweep module enables us to effortlessly optimize our cash management, automating time deposits across leading counterparties. We have been impressed by the speed and ease of account opening through EDB’s onboarding portal, with the support and advice of their expert team.”

Previous Article

July 31, 2023

Mobile money carrier Nagad becomes first FinTech unicorn in Bangladesh

Read More
Next Article

August 01, 2023

Paytm rolls out new payment devices to help India’s small shops

Read More






IBSi Daily News Analysis

UAE, money transfer

June 14, 2024

Aarna Capital

Digital remittances surge as key lifeline amid global economic challenges, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

June 14, 2024

Bendigo & Adelaide Bank tap MongoDB to modernize core banking technology with Gen AI

Read More

June 12, 2024

Commencis launches new Turkish LLM for banking & financial services

Read More

June 11, 2024

Eurobank Cyprus upgrades its core banking system with Temenos

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023