×
GET IN TOUCH:

© 2024 CYKUBE, All rights reserved.

Fintech Service

Leave us a little info & we'll be in touch

CONTACT US
Home / Fintech-service

subhead-icon ISLAMIC FINANCIAL INDUSTRY & EMERGING TECHNOLOGY subhead-icon

FINTECH IS THE FUTURE OF FINANCIAL INDUSTRY

Cykube offers a wide range of software development, consultation, implementation, and system integration services for Islamic banking and non-banking financial services, Fintech start-ups, and entrepreneurs.
We are also contributing to open innovation in the field of Islamic wealth management on Blockchain, online payments, fractionalization, and microfinancing solutions for the industry.
Cykube brings a seasoned team with subject matter expertise both in the Islamic financial industry and emerging technology. We are bridging the gap between the industry and the technology companies by ensuring the understanding of the solution which allows seamless deployment.
Some of the fintech services provided:
  • list-icon

    Fintech Consultancy (Asset Management, Trade Finance and Takaful)

  • list-icon

    Turnkey Fintech solution development

  • list-icon

    Fractionalisation of real assets

  • list-icon

    Central Bank Digital Curreny (CBDC) Advisory

  • list-icon

    Digital asset solutions

  • list-icon

    Payment Gateway consultany, design and build.

  • list-icon

    Wealth management solutions

  • list-icon

    KYC screening solution

  • list-icon

    Insurtech

  • list-icon

    Open banking and PSD2 advisory

Fintech can be used as a tool to simplify current complex systems and procedures which are the hindering blocks for the growth of the industry globally.

The use of emerging technologies for Islamic financial transactions helps in automating the operational aspects of the Islamic financial transaction which helps in reducing cost, saving time, and making more liquidity available in the ecosystem.

It helps the Islamic finance industry to standardize the entire or part of the process, increasing the adaptability by simplifying the process and ultimately helping to realize the true potential.

SOME OF OUR FINTECH ARTICLES

Cybersecurity for
Islamic Banks
A cybersecurity strategy is primarily a risk management and risk mitigation approach used to ensure policies, procedures and tools are in place and regularly updated to reduce the risk of a cyberattack on the organization.
The prolonged and severe pandemic has brought many risks for banks but one of the biggest is the increase in cyberattacks. From February to April 2020, there was a 238% increase in cyberattacks on the financial sector globally, according to Carbon Black.
The biggest impact of a cyberattack is productivity loss resulting in direct financial loss and damage to the brand.

DOWNLOAD THE ARTICLE
History of Islamic
Finance in UK
Islamic finance has a long history. However, it has only developed on a global scale over the last 30 years.
Islamic finance reached the UK in the 1980s with the first commodity Murabaha transactions and the launch of the first UK Islamic bank, Al Barakara International in 1982. During the 1980s a number of investment banks offered bespoke Sharia compliant products to their Middle Eastern clients, mostly in the areas of trade finance, leasing and project finance.

DOWNLOAD THE ARTICLE
Shariah Pensions -
an untapped market
Shariah compliant pensions have yet to be explored by Islamic financial institutions. As per the PWC research report, "Asset management 2020", the global size of pension fund assets would reach US$57 trillion by 2020 from the current figure of US$36 trillion, whereas MENA and Asia Pacific will constitute US$5 trillion and US$6.5 trillion respectively by 2020.
The majority of the 1.7 billion Muslim population live in MENA (20%) and Asia Pacific (62%) which are potentially major markets for Shariah pensions. If Shariah pensions can take only 10% of this potential market by 2020, it could be projected to reach US$1 trillion by 2020.

DOWNLOAD THE ARTICLE

The future is bright, but it needs the right expertise to get there. We are here to make it happen.

Talk to the expert