Intellias, a global technology partner that enables the sustained success of top-tier organizations and Fortune 500 companies, and Nomo Fintech, the technology startup behind the world’s first fully digital international Islamic bank, are pleased to reveal their long-term strategic partnership. The companies have joined hands to strengthen Nomo Fintech’s engineering capability. Together, they are building an international digital banking platform to ensure financial freedom in the UK for customers from the Gulf Cooperation Council (GCC) region and beyond.
Nomo Fintech’s mission is to ethically and simply protect and grow customer wealth through borderless banking. The startup achieves this through a cutting-edge digital banking platform, Nomo, that caters to the needs of customers with fast-paced international lifestyles, while ensuring the highest levels of protection and security. With Nomo’s advanced digital banking tools, residents in Kuwait can benefit from the prestigious UK banking system in accordance with Sharia rules. Nomo plans to launch in more GCC countries in the near future.
As a trusted engineering partner to Nomo Fintech, Intellias contributes vast experience developing innovative digital banking software, from ideation to production. Intellias works with a wide range of financial institutions across the globe, including in the Middle East. The company’s diverse technology and IT advisory expertise has been empowering organizations in launching new digital financial services and creating unique and stress-free banking experiences for Nomo customers.
At Nomo Fintech, we’ve built a brand-new digital bank in less than a year meanwhile working remotely – so it’s safe to say that we need to have the right technology in place to bring our ideas to life. Working with Intellias ensures that the technology we use fuels our ambition, creating intuitive new ways to improve the customer experience. As we continue to grow and take on more exciting projects, our technology stack will be what sets us apart as an industry leader. This partnership with Intellias will therefore play a huge role in the future of Nomo Fintech, and we are delighted to be working with the team.
Since the beginning of cooperation between the two companies, Nomo Fintech has rolled out a series of banking features for Nomo, allowing customers to conduct seamless daily transactions, have 24/7 access to their funds, and grow their wealth. Nomo will soon also be launching investment and mortgage products as part of its digital banking platform. Intellias has been providing software development, integration, DevOps and infrastructure, and data engineering services, resulting in a faster time to market for Nomo Fintech’s disruptive banking solutions and overall technological and operational excellence across the company’s product line.
Building a top-notch Sharia-compliant digital bank together with Nomo Fintech’s greatest professionals has been a transformative and mutually beneficial experience for us. Nomo Fintech’s collaborative mindset and remarkable innovation focus coupled with Intellias experience building digital banks from scratch has resulted in a fruitful win-win technology partnership that brings significant value to Nomo’s customers and paves the way for digital banking services of the future.