News

Nomo Upgrades Its Sharia-Compliant International Bank

The fully digital service will use technology from Paymentology’s card issuing platform to offer a next-generation service.

Published

2 years ago

May 5, 2023

Nour Nasir

nomo upgrades its sharia-compliant international bank

Nomo, the world’s first fully digital Sharia-compliant cross-border bank, has teamed up with leading global issuer-processor Paymentology to build a cutting-edge and seamless customer payment experience.

Nomo offers Middle East customers a wide range of global banking services, including current accounts, property finance, international transfers, and more through its iOS and Android apps. The service also allows users to track spending, make fast payments, and manage their finances more effectively.

Nomo has already benefited from Paymentology’s cloud-based technology by introducing multi-currency accounts offering six currencies – GBP, USD, EUR, KWD, AED, and SAR. The service helps customers avoid exchange fees and provides fast, safe cross-border payments.

Now, as part of the official Nomo / Paymentology partnership, the digital bank will benefit from faster processing times, best-in-class fraud protection, and Mastercard virtual cards. Meanwhile, Paymentology will deliver a real-time data feed, providing granular insights to help Nomo improve its platform.

Martin Heraghty, Regional Director Europe of Paymentology, spoke positively about the collaboration: “As the demand for Sharia-compliant digital products and services continues to grow, Nomo is at the forefront of delivering solutions that cater to the needs of Islamic customers and beyond. With our innovative payment technology, Nomo is paving the way toward a seamless, customer-centric digital banking future. We look forward to launching more ground-breaking services together”.

Also Read: Abu Dhabi Scientists Create Electronic Appetite Regulation Pill

Meanwhile, Sean Gilchrist, CEO of Nomo, explained how Paymentology had improved the Nomo offering: “Paymentology’s technology has helped us build a unique offering for our customers, helping them to conduct cross-border transactions without high fees, directly from the Nomo app. We remain committed to continuously developing innovative solutions and reimagining digital Sharia banking for everyone”.

Related Topics:FinTech Nomo Paymentology

Up Next

Saudi Scientists From KAUST Find New Way To Store CO2

Don't Miss

Passwords Are No Longer Required To Sign Into Google Accounts

Click to comment

News

Cemplicity Is Bringing Real-Time Patient Insights To The UAE

The advanced healthcare platform offers tools for chronic disease management and improved patient experiences.

Published

9 hours ago

January 13, 2025

Nour Nasir

Cemplicity

Cemplicity — a leading health-tech company founded in 2013 — has launched its advanced platform in the UAE, aiming to revolutionize patient care and streamline healthcare operations to improve clinical outcomes.

Designed to analyze patient-reported data in real-time, the platform incorporates Patient-Reported Experience Measures (PREMs) and Patient-Reported Outcome Measures (PROMs) to collect and analyze patient feedback. By transforming the data into actionable insights, healthcare providers will be better equipped to improve quality of care and increase efficiency.

Cemplicity’s technology can even tackle chronic conditions like diabetes, which affects 12.3% of the UAE population. By enabling regular symptom tracking and side-effect monitoring (even when patients are at home) the platform ensures proactive care management, and can also optimize early detection and screening of cancers.

Blaik Wilson, Cemplicity’s CEO, shared: “We are excited to bring Cemplicity to the UAE, a nation committed to healthcare excellence. With the private healthcare sector evolving at an impressive pace, partnering with such forward-thinking providers enables us to transform patient feedback into meaningful insights that enhance patient experiences and improve outcomes”.

Wilson added: “Globally, healthcare produces 30% of the world’s data volume. Aggregating and anonymizing patient-reported data not only uncovers trends and evaluates treatment outcomes but also advances the UAE’s broader ambition to lead in medical research and innovation”.

Also Read: Malak Trabelsi Loeb On Leadership And QIS 2025

With a presence in nine countries and partnerships with major healthcare providers like the UK’s National Health Service (NHS), Cemplicity has already redefined how hospitals and clinics leverage patient feedback. Its tools, known for achieving high survey response rates, help link patient experiences to organizational KPIs and Net Promoter Scores (NPS), enabling measurable improvements in operations, and clinical outcomes, while fostering a culture of continuous improvement.

For the UAE market, the platform has been specially adapted to local needs, offering multilingual support (including Arabic) and seamless integration with tools such as WhatsApp and various hospital management systems.