Abu Dhabi to Host New Digital Bank in Partnership Between Al Fardan Ventures and BipTap
Al Fardan Ventures, represented by renowned technology leader Mohammed Ebrahim Al Fardan, has signed a strategic partnership with the innovative omnibanking platform BipTap to establish a next-generation global digital bank that will be headquartered in Abu Dhabi.
Building a Next-Generation Bank in the UAE
This agreement paves the way for the launch of a fully digital wholesale and retail bank designed to serve the global financial ecosystem from the UAE. The new entity will offer advanced B2B digital banking solutions, seamless integration of crypto and fiat currencies, and Banking-as-a-Service (BaaS) capabilities tailored for financial institutions, fintechs, and enterprises. With the core platforms already built and tested, the partners will immediately begin preparations to secure the required licenses in the UAE.
A Strategic Partnership Combining Local and Global Expertise
The collaboration is built on a shared commitment to modernizing finance through innovative infrastructure. Jonathan Low, CEO and Founder of BipTap, highlighted the synergy: "By combining Abu Dhabi’s strategic location and Al Fardan Venture’s legacy in high-tech innovation and banking relationships all across the UAE and Middle East, with Biptap’s plug-and-play scalable infrastructure, we are democratizing banking access for the 21st century and beyond.”
Leadership and Vision
As part of the new venture, the board has appointed Mohammed Ebrahim Al Fardan as Regional Managing Director, responsible for all Middle East operations. "This partnership is a significant milestone in our roadmap to reimagine global banking,” said Mr. Al Fardan. “It aligns with our broader vision and upcoming investments in a global crypto liquidity platform and an AI-powered crypto trading ecosystem."
About the Partners
Al Fardan Ventures: A technology investment entity with a strong legacy in high-tech innovation and deep banking relationships throughout the UAE and the wider Middle East.
BipTap: A global fintech company founded by Jonathan Low, known for its modular, borderless "Omni Bank" platform designed to be the ‘Airbnb of Banking.’
Looking Ahead
The establishment of this new digital bank is set to significantly strengthen Abu Dhabi’s position as a global hub for innovation in financial technology and digital assets. By combining global technology with local expertise and strategic capital, the initiative aims to usher in a new era of digital financial services originating from the UAE.
Source: My Startup World