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LNDDO provides SMEs with a totally digital onboarding experience, which is a novel approach to lending in the UAE. LNDDO's major distinction is a five-minute, all-digital onboarding process and a ten-minute credit decisioning process, both of which are among the fastest in region. Fintech companies use technology to ensure quick processes and consumer interaction, fintech needed a cloud-native banking platform.

Eide brings more than two decades of experience in key operational, leadership and executive positions at software and financial service organisations, including Morgan Stanley, ServiceNow, Alteryx and Kespry. In her capacity as the CFO of Mambu, Eide will oversee all aspects of the finance and legal organisations to drive strategic growth and efficient operational scaling.

Mambu’s SaaS banking platform sets it apart from traditional core banking players as it drastically accelerates and simplifies the way financial products are built and serviced by any financial institution. Mambu’s platform is used by traditional banks, fintech startups, financial institutions, nonprofits and other businesses to power their financial products and services.

TECHx secured an exclusive interview with Miljan Stamenkovic, General Manager, Mambu to learn about 2021 cloud trends in banking and the challenges driving the adoption of FinTech in Islamic banking.

Fintech can no longer be dismissed as a fad but is a part of billions of peoples’ lives – ‘fintech for all rather than the few’. However, there is a significant gap between major players and the next generation of innovators in terms of funding that needs to be addressed to keep the industry moving forward with new ideas.

Excerpt: The United Arab Emirates (UAE) has been one of the most forward-thinking nations when it comes to implementing strategies that prioritize investing in innovation and adopting the right technologies.In fact, IMD’s 2019 World Digital Competitiveness Report ranked the UAE as the number one digitally competitive country in the Arab World and the 12th globally.

What every successful player will have in common is agility – the ability to quickly adapt and change not just products and services but business strategy to reflect movements within its own market space. And to be clear: this agility isn’t just about the technology that is used – it’s a business model.

The impact of the Coronavirus has been a shock reverberating across every aspect of our lives and in every business. In the financial sector, the current global pandemic is forcing the hands of both fintechs and established financial institutions to prepare for a post-COVID-19 world.