17 July 2018
Visit www.avoka.com

Ex-Tandem CTO onboard for Dubai-based digital bank

17 May 2017  |  6872 views  |  0 Business man using Smartphone

The former CTO of UK challenger Tandem has joined forces with experienced execs from the more traditional banking sector to build a digital-only bank in Dubai.

Ex-Tandem man James Greenwood is working with ex-Abu Dhabi Commercial Bank and Barclays staffer Mike Cunningham and former Deutsche Bank director Fara Remtulla on Clearly, which plans to launch in Dubai later this year.

Following in the footsteps of Tandem and other digital players in Europe and the US, Clearly will offer a digital-only platform letting customers open an account in the "time it takes to make a cup of tea". Once an account is opened, customers will be able to make money transfers, access loans and manage investments from their handsets in real-time.

Says CEO Cunningham: "The UAE is a great place to do this as it ranks as one of the most technologically developed countries in the world and with consumers being more tech-focused than ever, we see this as a real opportunity to better serve customers. Clearly’s new digital banking proposition will place the customer’s needs first, putting banking in their hands and making accessing and growing their money easy."

Last year Commercial Bank of Dubai laid out plans to launch a digital-only bank, dubbed CBD NOW, targeting millennials and tech-savvy customers in the UAE. German digital player Fidor has also opened an office in Dubai as a base for an expansion of its services to companies in Asia, Africa and the Middle East.

Greenwood, a former director of digital and mobile architecture at Barclays Bank, has yet to update his LinkedIn profile to reflect the new position. Earlier this month Tandem Bank laid off 30 staff following the sudden withdrawal of £29 million in promised funding from Sanpower, the Chinese conglomerate which owns House of Fraser.
KeywordsPEOPLE

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Bahrain joins fintech free-for-all in the Middle East

Bahrain joins fintech free-for-all in the Middle East

29 March 2017  |  8330 views  |  0 comments | 9 tweets | 7 linkedin
Tandem rocked by £29 million funding halt

Tandem rocked by £29 million funding halt

20 March 2017  |  8265 views  |  0 comments | 11 tweets | 12 linkedin
Commercial Bank of Dubai to launch digital-only bank

Commercial Bank of Dubai to launch digital-only bank

28 November 2016  |  5859 views  |  0 comments | 11 tweets | 8 linkedin
Fidor sets up shop in Dubai

Fidor sets up shop in Dubai

14 June 2016  |  7911 views  |  0 comments | 7 tweets | 1 linkedin
Mobile-first Tandem gets UK banking license

Mobile-first Tandem gets UK banking license

01 December 2015  |  14315 views  |  0 comments | 28 tweets | 21 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit info.nice.comVisit https://secure.vasco.comVisit http://go.jumio.com/finextraAd

Top topics

Most viewed Most shared
Handelsbanken trials micro contactless cardsHandelsbanken trials micro contactless car...
10251 views comments | 19 tweets | 30 linkedin
Metro Bank opens developer portalMetro Bank opens developer portal
9161 views comments | 5 tweets | 14 linkedin
Championing financial inclusion and helping the UnstoppablesChampioning financial inclusion and helpin...
8625 views comments | 3 tweets | 1 linkedin
Anything Visa can do...Mastercard takes time outAnything Visa can do...Mastercard takes ti...
8537 views comments | 6 tweets | 14 linkedin
Citi to streamline corporate receivables with HighRadiusCiti to streamline corporate receivables w...
7630 views comments | 1 tweets | 5 linkedin

Featured job

Basic c Euro 120K, Variable Euro 120K - full ben...
Paris prefered London possible

Find your next job