Key destinations like Dubai, Abu Dhabi, Ras Al Khaimah, and Fujairah, YAS islands have become hot spots
Algbra, the London based ethical and values-focused FinTech, has received full authorisation from the Financial Conduct Authority (FCA) in the UK to operate as an electronic money institution (EMI).
Zeiad Idris, co-founder and CEO at Algbra, said: “The FCA is rightly regarded as the world’s leading regulator of financial services. For Algbra to have our EMI license approved with such a turnaround and that too in such challenging external circumstances is a ringing endorsement of both our commitment to the highest standards of regulation and compliance, as well as our commitment to building the world’s leading values-focused and sustainable financial institution. I look forward to Algbra moving the dial even further on what customers should expect from fintechs.”
Algbra’s pioneering proposition with the principles of environmental, social and governance (ESG) and Shariah-compliance at its core leads the movement towards values and lifestyle-based banking that is defining the next evolution of financial services. Algbra’s offering includes a sustainable card; the ability to make direct charitable donations to UK-registered charities; carbon tracking to review the impact of purchases; and the option to offset that carbon footprint with a few taps.
Key destinations like Dubai, Abu Dhabi, Ras Al Khaimah, and Fujairah, YAS islands have become hot spots
This card serves as an official proof of employment and is also an important form of identification
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