back Back

Wio makes new appointments after receiving UAE Central Bank license

By Leandra Monteiro

May 11, 2022

  • Abu Dhabi Holding Company
  • Digital Transformation
  • FinTech
Share

WioWio Bank PJSC, established recently in the UAE, has announced the appointment of His Excellency Salem Al Nuaimi as Chairman of the Board and Jayesh Patel as Chief Executive Officer. The leadership appointments follow the license approval by the Central Bank of the UAE.

Wio is an integrated digital banking platform jointly owned by Abu Dhabi Holding Company (ADQ), Alpha Dhabi, Etisalat, and First Abu Dhabi Bank (FAB) with an initial capital of AED 2.3 billion.

His Excellency Al Nuaimi will bring a wealth of financial industry expertise to Wio through holding several leadership positions at high profile organisations, including serving as board member of ADQ and Managing Director of Abu Dhabi Pension Fund. He was previously Chairman of SEHA – the Abu Dhabi Health Services Company and has held board positions at NYSE-listed AerCap Holdings NV and NASDAQ-listed oil and gas services firm National Energy Services Reunited Corporation (NESR).

As Chairman for Wio, Al Nuaimi will be keenly involved in shaping the platform to be the leading financial partner of choice for businesses and individuals in the UAE.

“It’s an exciting time for the banking industry as it grows to adapt to the ever-changing needs of customers. Today, we are catering to an audience that is digitally savvy and expects solutions that are intuitive, fundamental, and easy-to-use. In Wio, we have a highly evolved and adaptable digital platform that will open new paths for its customers and simplify the process of money management. I am very happy to join the very strong and capable team that is working behind the scenes to bring this innovative digital banking journey to customers in the UAE,” Al Nuaimi said.

One of the region’s leading names in the FinTech industry, Jayesh Patel, will be heading Wio’s strategic growth as Chief Executive Officer. With his vast experience in building on-demand digital solutions and innovative products, Patel spearheaded the creation of Liv., a digital-only lifestyle bank which quickly became the fastest growing in the country.

“Wio is an intelligent, integrated financial platform that will provide innovative solutions tailored to people’s lifestyles and business needs. As an open platform, Wio will partner with local and global providers to facilitate access to tools and services that will support our customers’ life ambitions. The aim is to make banking convenient, transparent, and intuitive, and create a better future for our customers by transforming the way they bank in the region,” said Jayesh Patel.

Wio uses data and AI to develop everyday customer insights that enable companies to grow more effectively and help people of all ages to take personal financial responsibility and elevate their financial future. Wio goes beyond banking, simplifying financial admin tasks for business owners – leaving them free to focus on building their business.

Previous Article

May 11, 2022

Bank Of China Ltd Luxembourg branch selects the Olympic Banking System

Read More
Next Article

May 11, 2022

Cygnet Infotech announces the launch of Cygnet Fintech

Read More







Advertise with us



IBSi Daily News Analysis

Monday

June 27, 2022

Abu Dhabi Holding Company

The Monday Roundup: what we are watching this week | June 27th

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 27, 2022

Singletrack receives capital investment from Accel-KKR to accelerate global expansion

Read More

June 27, 2022

Kroo is now a fully licenced bank in the UK

Read More

June 27, 2022

Banque Populaire de Mauritanie successfully goes live of Azentio’s iMAL version R14.5

Read More

Related Reports

Sales League Table Report 2022

£ 1,500.00 / year

Know More
Global Digital Banking Vendor and Landscape Report Q1 2022

£ 1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q1 2022

£ 1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q1 2022

£ 1,500.00 / year

Know More
Treasury and Capital Markets Systems Report 2021

£ 1,500.00 / year

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 2022