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The recently established Wio Bank in the UAE announced the appointment of Salem Al Nuaimi as Chairman of the Board and Jayesh Patel as Chief Executive Officer.
The leadership appointment follows the approval of the banking license by the UAE Central Bank.
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 AED2.3 billion.
Al Nuaimi will bring a wealth of financial industry expertise to Wio through a number of leadership positions at prominent organisations, including serving as ADQ Board Member and Managing Director of Abu Dhabi Pension Fund. He has served as Chairman of SEHA (Abu Dhabi Health Services Company) and has served on the Board of Directors of NYSE-listed AerCap Holdings NV and Nasdaq-listed oil and gas services company National Energy Services Reunited Corporation (NESR). job title.
As chairman of Wio, Al Nuaimi will be actively involved in shaping the platform to become the premier financial partner of choice for businesses and individuals in the UAE.
“This is an exciting time for the banking industry as it adapts to the changing needs of customers. Today, we cater to a digitally savvy audience who expect solutions that are intuitive, basic and easy to use. At Wio, we Having a highly developed and adaptable digital platform will open up new avenues for clients and simplify the money management process. I am delighted to join this strong and capable team working behind the scenes to bring this innovative new approach to clients in the UAE digital banking journey,” said Al Nuaimi.
One of the leading figures in the fintech industry in the region, Jayesh Patel will lead Wio’s strategic growth as CEO. With extensive experience building on-demand digital solutions and innovative products, Patel spearheaded the creation of Liv., a digital-only lifestyle bank that quickly became the fastest growing bank 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 collaborate with local and global suppliers to facilitate access to support our customers’ lives Aspiring tools and services. Its purpose is to make banking easy, transparent and intuitive, and to create a better future for our customers by transforming the way they bank in the region,” said Patel.
Wio’s vision is to simplify banking for consumers in the country and aims to build its financial and non-financial capabilities by partnering with other fintech start-ups and leaders in the field to provide customers with fully digital banking delivered seamlessly through Wio Experience an app or partner.
Wio uses data and artificial intelligence to develop everyday customer insights that enable companies to grow more efficiently and help people of all ages take personal financial responsibility and enhance their financial futures.
The first product to launch, Wio Business, is an app designed for SMEs, entrepreneurs and freelancers and will provide a full suite of business banking solutions for companies large and small in the region. With features such as a large customer support team and easy-to-use dashboards and automated services, Wio Business will provide business owners with the tools and support they need for effective financial management—all at the click of a button, making a statement. – arab trade news agency
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