INTLBM
  • Home
  • Banking & Finance
  • Corporate
  • News
  • Technology
  • Blog
  • Lifestyle
  • News
  • Magazines
  • Events
  • Videos
  • Magazine
  • Awards
  • Nomination
  • Get Listed
  • Submit Article
  • About us
  • Get In Touch
  • Sitemap
Facebook Twitter Instagram
Sunday, April 2
Facebook Twitter Instagram YouTube LinkedIn
INTLBMINTLBM
Get listed
  • BANKING & FINANCE
  • TECHNOLOGY
  • CORPORATE
  • LIFESTYLE
  • NEWS
  • BLOG
  • EVENTS
    • AWARDS 2023
  • AWARDS
  • VIDEOS
  • MAGAZINE
Facebook Twitter Instagram YouTube LinkedIn
INTLBM
You are at:Home » Dubai Investments acquires 9% stake in UK-based Monument Bank

Dubai Investments acquires 9% stake in UK-based Monument Bank

January 27, 2023
Facebook Twitter LinkedIn Email
Share
Facebook Twitter LinkedIn Email

Dubai Investments PJSC (DIC) has acquired a 9% equity stake in Monument Bank Limited, a UK-based digital bank regulated by the Financial Conduct Authority (UK) and the Prudential Regulation Authority (UK). Monument Bank is focused on the ‘mass affluent’ segment in the UK and aims to provide core banking and other related services to help clients prosper and optimize their time by offering smart, efficient and flexible solutions.

Khalid bin Kalban, Dubai Investments’ Vice Chairman and CEO, said that the acquisition provides DIC a unique opportunity to foray into the digital banking space in one of the most advanced and regulated markets.

Mintoo Bhandari, Head of Institutional Relationships and Founder of Monument Bank

The CEO of Monument Bank, Ian Rand, said that with this investment and partnership with Dubai Investments, they will accelerate the scale-up of their UK business, launch innovative solutions, and grow their market share while also leveraging their technology with partners and clients around the world.

Mintoo Bhandari, Head of Institutional Relationships and Founder of Monument Bank, said, “We believe that we are uniquely positioned to take advantage of the trends and opportunities that are continuing to emerge in our home market, and we believe that our partners at Dubai Investments can help us advance our strategic plans by leveraging our technological capabilities to extend our operations and spheres of influence in other markets around the world.”

Monument Bank’s property investment lending and range of savings products use advanced in-app capabilities for client interactions. The bank plans to continue to enhance the range of products and services to serve the evolving needs of its mass affluent clients. Monument Bank Ltd is currently working on a broader suite of products and services that can make mass affluent lives easier, both in the UK and globally. The bank’s initiatives are fundamentally innovative technology-based.

Source

core banking digital banking space DJC Dubai investment Dubai Investments PJSC Financial Conduct Authority intlbm investment lending Monument Bank Ltd Technology
Share. Facebook Twitter LinkedIn Email
Previous ArticleProperty Finder appoints Samir Assaf as Non-Executive Director of board
Next Article DAMAC unveils Waterfront Living at DAMAC Bay by Cavalli

Related Posts

Incorporation of Artificial Intelligence into Mental Healthcare

March 31, 2023

Sterve announces expansion in Oman

March 31, 2023

Bahwan CyberTek partners SmarterD to support clients in MENA create digital resilience

March 31, 2023
Latest Posts

Incorporation of Artificial Intelligence into Mental Healthcare

March 31, 2023

Sterve announces expansion in Oman

March 31, 2023

Bahwan CyberTek partners SmarterD to support clients in MENA create digital resilience

March 31, 2023

PATRIZIA partners iCapital for expand private wealth offering

March 31, 2023
International Business Magazine
International Business Magazine
About

International Business Magazine is a UAE-based online publishing company with a subscriber base of more than 50,000 that includes investors, C-suite employees, key stakeholders, policymakers and government bureaucrats. We deliver the latest news from the financial world and keenly promote innovative solutions in the industry.
Contact Us: info@intlbm.com

Socials
Facebook Twitter Instagram YouTube LinkedIn
Copyright © 2023. International Business Magazine, LLC. | ALL RIGHT RESERVED.
  • Terms & Conditions
  • Privacy Policy
  • About us
  • Get In Touch

Type above and press Enter to search. Press Esc to cancel.