Dubai-based deVere Group is developing a major digital finance operation in Dubai to help clients readjust to a post-pandemic new normal.
The firm plans to consolidate and further develop its contactless finance service and fintech app, which allows investors to manage their money 24/7 on-the-go.
Founder and CEO Nigel Green said in the last few months client expectations have changed. Much of this is being driven by new technologies and the rapid pace of digitialisation.
‘It was a trend that was happening pre-pandemic, but which has been massively accelerated because of it,’ Green said.
‘Indeed, this new decade is being reshaped more rapidly and more dramatically than any other.
‘To meet these fundamental shifts, we’re developing and building a major digital financial organisation from Dubai,’ he added.
Launched in 2002, deVere has been been in Dubai for over 15 years. Green believes the country will become one of the world’s top ten international financial hubs to rival with the likes of London, New York and Hong Kong.
This is mainly due to Dubai’s effort to have an independent regulator and judicial system, a global financial exchange, and high proposition of high-net-worth individuals.
‘Moreover, Dubai’s passion for and expertise in innovation. We’ve seen this in real-time as the emirate diversified from oil to become a truly global leader in trade, transportation, finance, tourism, retail and real estate,’ he said.