Qatar PR Network, Online Press Release from qatar and Doha city
 
Banking & Insurance(Banking & Investments)
Filter PR by
  
Qatar Banks could be ‘Trail-Blazers' for World-Leading Payments System
 

Banks in Qatar could act as trail-blazers for a world-leading, fraud-inhibiting, super-fast global payments system fit for the next century, if they seize the opportunity being offered by a UK-headquartered fintech business. 

DigiDoe launched operations in Doha this week and is targeting banks in the Middle East as part of its plan to revolutionise the world’s out-dated payments infrastructure.

Designed from scratch, DigiDoe’s patented multi-factor biometric-based anti-money laundering (AML) and fraud prevention solution provides a secure, tailor-made, AI-driven platform for financial institutions and central bank digital currencies (CBDC).

Tony Hajjar, recently appointed as DigiDoe’s Head of Operations, Qatar, said: “DigiDoe has created a pioneering, next generation, all-in-one unique solution, and can now offer its fully-integrated, innovative, proprietary technology to forward-thinking banks here in the Middle East. 

“I believe that we have the answer to the question many central and commercial banks have been asking - how do we offer a world-beating payments system fit for the next century? 

“If banks in Qatar want to be leading the way, at the forefront of the world’s new, faster, safer payments infrastructure, they should get in touch.”

Hajjar has more than 20 years of experience in project management and business development in Doha and the region.

DigiDoe has put the world’s central and commercial banks firmly in its sights, having received crucial international security certification for its innovative proprietary anti-money laundering (AML) and fraud prevention solution. 

Pavel Guzminov, founder and CEO of DigiDoe, said: “Our mission in Qatar is to support and develop growth of the Qatar economy.

“We are privileged to have Tony Hajjar on board. Tony will enhance our presence in Qatar, building key business relationships, strengthening our co-operation with the local regulator and engaging directly with banks. 

“The time is right for a major digital transformation of the payments infrastructure across the region and if the opportunity is seized, Qatar can be seen as a trail-blazer for the rest of the world.”

London-based DigiDoe recently unveiled its super-fast ‘Banking as a Service’ (BaaS) solution. 
 
The new BaaS service utilises DigiDoe’s patented technology and comes with embedded proprietary anti-money laundering (AML) & fraud prevention systems. It offers onboarding of business and corporate clients, transaction monitoring, as well as domestic and cross-border payments in multiple currencies via a single API.
 
Global sales of BaaS solutions are expected to reach USD$3 billion in 2022 with growth up to $12.2 billion by 2031.

DigiDoe is authorised by the UK’s Financial Conduct Authority as an electronic money institution and last month was awarded ISO27001 Certification - recognised worldwide as confirmation of information security best practice.

Posted by : Qatar and Doha City PR Network Editorial Team
Viewed 1665 times
PR Category : Banking & Investments
Posted on : Monday, June 27, 2022  9:50:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of QatarPRNetwork.com.
Previous Story : Dukhan Bank Receives 9 Accolades at MEED's Excellence Bankin...
Next Story : Dukhan Bank First in Qatar to join Mastercard's Global Digit...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
My Summer Story with Pandora [9536-Views]
Disney X Pandora: Born to Stand Out [7764-Views]
An Icon in Solid Gold [4942-Views]
LG Releases Preliminary Earnings for Second-Quarter 2022 [4921-Views]
Mehmet Tevfik Nane New Chair of the IATA Board [4191-Views]
Aviation Leaders Assemble in Doha for IATA's 78th AGM [3168-Views]
Travel Recovery Rebuilding Airline Profitability -Resilient Industry Cuts Losses to $9.7 billion [2941-Views]
Doha Festival City Partners with Al Daayen Municipality and Monoprix to Raise Awareness for “World F... [2116-Views]
Qatar brings Global Photography App, ‘Explorest,' to the Middle East [2102-Views]
Al Meera Distributes Reusable Shopping Bags to Celebrate International Plastic Free Day 2022 [1918-Views]
Al Najada Hotel Unveils its Eid Al Adha Offers [1843-Views]
WCM-Q Training Program Provides a Boost for Budding Local Researchers [1702-Views]
Doha Festival City and Qatar Charity Collaborate to Provide Aid to Somalia [1670-Views]
Park Hyatt Doha Unveils Eid Al-Adha Packages and Special Offers [1584-Views]
Zulal Wellness Resort Celebrates Global Wellness Day with the Local Community [1572-Views]
Doha Festival City Welcomes Exclusively Fifty One East's New Concept Store [1564-Views]
LNG Expansion and 2022 FIFA World Cup Legacy Plans Explored in Latest Report on Qatar [1472-Views]
Doha Festival City and Al Daayen Municipality Mark “World Environment Day” with a Joint Recycling In... [1412-Views]
Summer College Preview Program returns to Carnegie Mellon Qatar [1402-Views]
It's Your Story, Wear it your Way [1384-Views]
 
RSS Facebook Twitter LinkedDin QatarPRNetwork.com on Instagram
 
Top Sections
 
Top Stories