Wio Bank PJSC and Fuze, leading entities in the digital banking and virtual assets infrastructure domain respectively, have sealed a pivotal partnership aimed at revolutionizing the financial landscape in the MENA region.
The collaboration introduces a cutting-edge virtual assets trading service within Wio Bank’s innovative application, Wio Personal, empowering customers to seamlessly engage in cryptocurrency transactions, including popular options like Bitcoin and Ethereum.
At the core of this collaboration is Wio Personal, an intuitive banking application that transcends traditional financial management. It offers users an opportunity to access a diverse range of investment avenues, including global stocks, ETFs, fractional shares, and UAE IPOs, within a unified interface.
Jayesh Patel, CEO of Wio Bank PJSC, emphasized the significance of this collaboration in meeting the surging demand for integrated cryptocurrency trading within daily banking operations.
Patel noted, “Our partnership with Fuze is a step toward enhancing convenience and accessibility for customers seeking secure crypto services within their banking apps. This collaboration aligns with our mission to revolutionize the digital banking sector and further supports the UAE’s visionary strides in financial services.”
This alliance, fostered by two prominent Abu Dhabi-based fintech entities, aligns with the robust regulatory framework established by the UAE’s financial regulators. With a focus on bolstering trust in the digital assets ecosystem, these partnerships offer regulated options to customers, striving to address the existing gaps in trust within the crypto landscape.
It is worth noting that Fuze’s proprietary Digital Asset Management System (DAMS) empowers financial institutions to navigate the virtual asset economy efficiently, offering risk management and compliance solutions. This system enables banks to operate in the virtual assets domain without the need for extensive in-house capabilities.
