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Money Protects (MP) has signed an agreement with Crowe MAK UAE & JRB Chartered Accountants in Dubai for a one of a kind business advisory. The duo finalized iconic business plans, market and financial analysis, and financial projections over the course of 5 years.
MP — set to be fully operational by November 2022 — is a startup pioneering financial ecosystem, sustainable financial freedom solutions for individuals and corporates in wealth creation and management.
Mirza Ashraf Beg, founder at Money Protects shared his vision. “Our structural and operational plan is to bring financial innovations together to bridge the gap between sustainability and long-term confidence in the financial services ecosystem with an objective of potential unicorn expansion within 2-3 years.”
The objective at large is to target and reduce UAE’s NPL (Non-Performing Loans) impairments by Dh 20 billion in 3-5 years which has a yearly addition Dh150 billion. As current banking and financial market is too friendly on their portfolios and fails to restructure the problem or give real affordable solutions to clients. Rather the process goes from default, retail and corporate recoveries and many a time even leading to legal cases. Although, the lenders are on a roller-coaster business having provisioned their impairments, there is no reduction on gross UAE’s NPLs.
Author is a Fin-tech entrepreneur having excellent track record of over 20 years of banking and financial industry in U.A.E, Saudi Arabia and India. Wide-range of experience in Corporate & Wholesale Banking, Treasury, Investment Banking, Funds, Corporate, Commercial, Credit, Cash, Trade Finance, & Islamic Operations.
Outclass expertise in Products & Regulatory Controls, Risk Management, in “Business Modeling” focused on bespoke client products along with technology adoption. Proven in-depth understanding of micro/macro financial market econometrics, Offshore, Cross Border Banking and Legal Barriers.
Major Strengths:
• Debt & Asset Management
• Treasury, Investment & Funds
• Credit Management & Product Development
• Structured products and Restructuring
• Hedging and Derivative Markets
• FinTech & Reg Tech Advisory
Expert in Regional/Global Regulatory operational management having exemplary accolades in Islamic Banking with high end achievements in structured products.
Expertise in Global Intelligence, Value Research, Product Development & Processing, projects related to current global disruptive technological changes & its adaptation through FinTech Landscape – micro/macro.
Author is a Fintech Writer, Market Researcher, Speaker & Panelist in various International Banking & Technology Forums: Terrapin, Clear stream/Euroclear, Fleming, BII, Allan Lloyds, Trescon, Alpha-one, PWC, Finastra Universe - Misys-Connect etc.
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