Abu Dhabi: Finance House, one of the leading financial institutions in the United Arab Emirates, has signed a first-of-its-kind agreement with Global Software Solutions Group, a software solutions organization founded in the United Arab Emirates, to offer payment services in real time in the United Arab Emirates. This partnership will help further shape the UAE’s growing FinTech sector.
Finance House’s new vision is to enable its customers to become their own personal bankers by making all financial services available across all of Finance House’s digital platforms. The new real-time payment services will be driven by artificial intelligence (AI) and allow customers to issue “instant payments”, including local transfers and disbursements, any time of the day, anywhere. what day of the year. As a result, customers will benefit from a significantly improved financial experience with shorter wait times, as well as faster, safer and more secure transactions.
“With the MENA FinTech marketplace leading the UAE, we are proud to partner with the Emirati-founded Global Software Solutions Group to bring our customers a service that has yet to be implemented anywhere. leaves in the region. As we harness the power of artificial intelligence to future-proof our business, we thank the UAE government for actively driving the digital transformation of the market and optimizing its payment tools. Additionally, we are proud to partner in this area with one of our national companies to support their efforts to dominate this promising market. said Mohammed Abdulla Alqubaisi, the founder of Finance House.
Established in 2000, Global Software Solutions Group (GSS) is an Emirati-founded enterprise solutions provider in banking and financial services. GSS, through its Torus Low Code platform, product suite and truthful service offerings, solves critical problems in payments, basic banking, document management and process automation.
“Our vision is to serve the UAE and its people by contributing to their futuristic vision of enabling digital engagement in the daily interactions of our society. Our partnership with Finance House to automate their enterprise payment capability, including real-time payment services, which is the first of its kind in the country, is a milestone for us.The strength of our products, coupled with Finance House’s digital mindset, will enable a true digital customer experience to their customers. We thank the leaders of the UAE and Finance House for their confidence in the GSS Group,” said Mahmoud AbuEbeid, CEO and Board Member of Global Software Solutions Group.
About the finance house
Founded in March 2004, Finance House is an Abu Dhabi-based finance company that began operations in July 2004.
The principal activities of the Company are commercial and retail finance, financial services and investments. The company is licensed and regulated by the Central Bank of the United Arab Emirates. Major shareholders of Finance House include a number of prominent UAE businessmen, high net worth individuals and dignitaries.
Finance House is rated BBB- long term and A3 short term, both with a stable outlook by Capital Intelligence.
About Global Software Solutions
Founded in 2000, Global Software Solutions is an Emirates-founded private enterprise solutions provider in banking and financial services. GSS, through its Torus Low Code platform, product suite and truthful service offerings, solves critical problems in payments, basic banking, document management and process automation.
GSS is headquartered in Dubai, United Arab Emirates, and has a geographic presence in the United States, Kenya and India.
The GSS payment suite encompasses a wide range of cloud-ready integrated features ranging from transfers, check clearing, payroll, direct debits, host-to-host – scalable with single/multi-tenant capabilities , multi-currency and multi-country. All solutions are built on an extensible low-code platform with a modern, future-ready technology stack.
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