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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 Technology Leader and Serial Entrepreneur.
Founder and CEO of "Money Protects", an unicorn financial startup company thriving under the kind patronage and partnership of His Highness Zayed bin Saeed bin Zayed al Nahyan, amplifying presence in the arenas of ADGM and DIFC.
Money Protects is ingeniously converges Innovation and FinTech with a primary mission to foster sustainability and instill long-term confidence within the financial services ecosystem.
Leadership of over 24 years of banking and financial industry in U.A.E, Saudi Arabia and India. Last 3 Years of topnotch Entrepreneurial Leader in Financial Innovation Tech & Climate Tech with sustainable solutions in Futuristic Markets.
Major Strengths:
• Debt & Asset Management
• Treasury, Investment & Funds/Global Markets
• IP Innovation & Product Development
• Structured products and Restructuring
• Hedging and Derivative Markets
• FinTech-Open Banking & Reg Tech Advisory
• Climate Tech & Sustainable Energy.
Expert in Regional/Global Regulatory operational management. Expertise in Global Intelligence, Value Research, Climate Tech & Sustainable Energy, Product Development & Launch, projects related to current global disruptive technological changes & its adaptation through FinTech & web3 Landscape – micro/macro.
Tech 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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