Boubyan Bank Group announced the launch of Nomo, a fully licensed and regulated UK Islamic digital bank catering for customers with a global financial outlook. Nomo has launched as a brand name of the UK-based Bank of London and The Middle East (BLME), in which Boubyan Bank is a majority shareholder. Nomo has been developed to accommodate a growing segment of individuals in the Middle East with international banking needs. The new platform provides a digital solution for accessing, moving, and investing money in the UK and internationally with ease and assurance.
"In Nomo, we have brought together an impressive team from global digital and neo banks with a depth of experience in creating digitized banking systems. We have made substantial progress in a short period of time, and I look forward to working with the team as we continue to build the bank." said Andrew Ball, CEO of Bank of London and The Middle East.