Qatar banks could be ‘trail-blazers’ for world-leading payments system

Doha: Banks in Qatar might act as trail-blazers for a world-leading, fraud-inhibiting, super-fast international funds system match for the following century, in the event that they seize the chance being supplied by a UK-headquartered fintech enterprise. 

DigiDoe launched operations in Doha this week and is focusing on banks within the Center East as a part of its plan to revolutionise the world’s out-dated paymentsinfrastructure.

Designed from scratch, DigiDoe’s patented multi-factor biometric-based anti-money laundering (AML) and fraud prevention answer gives a safe, tailored, AI-driven platform for monetary establishments and central financial institution digital currencies (CBDC).

Tony Hajjar, just lately appointed as DigiDoe’s Head of Operations, Qatar, mentioned: “DigiDoe has created a pioneering, subsequent era, all-in-one distinctive answer, and may now supply its fully-integrated, progressive, proprietary know-how to forward-thinking banks right here within the Center East. 

“I imagine that we’ve the reply to the query many central and industrial banks have been asking – how do we provide a world-beating funds system match for the following century?  “If banks in Qatar need to be main the way in which, on the forefront of the world’s new, quicker, safer funds infrastructure, they need to get in contact.”

Hajjar has greater than 20 years of expertise in mission administration and enterprise growth in Doha and the area.

DigiDoe has put the world’s central and industrial banks firmly in its sights, having obtained essential worldwide safety certification for its progressive proprietary anti-money laundering (AML) and fraud prevention answer. 

Pavel Guzminov, founder and CEO of DigiDoe, mentioned: “Our mission in Qatar is to help and develop development of the Qatar economic system.

“We’re privileged to have Tony Hajjar on board. Tony will improve our presence in Qatar, constructing key enterprise relationships, strengthening our co-operation with the native regulator and fascinating straight with banks. 

“The time is correct for a serious digital transformation of the funds infrastructure throughout the area and if the chance is seized, Qatar will be seen as a trail-blazer for the remainder of the world.”

London-based DigiDoe just lately unveiled its super-fast ‘Banking as a Service’ (BaaS) answer. 

The brand new BaaS service utilises DigiDoe’s patented know-how and comes with embedded proprietary anti-money laundering (AML) & fraud prevention methods. It presents onboarding of enterprise and company purchasers, transaction monitoring, in addition to home and cross-border funds in a number of currencies through a single API.

World gross sales of BaaS options are anticipated to succeed in $3bn in 2022 with development as much as $12.2bn by 2031.

DigiDoe is authorised by the UK’s Monetary Conduct Authority as an digital cash establishment and final month was awarded ISO27001 Certification – recognised worldwide as affirmation of knowledge safety greatest apply.