Algbra has set out to revolutionise how communities manage their money. We are pioneering a movement. One in which we use first-class technology and a community first approach to provide ethical, sustainable and inclusive financial services.
As a digital ethical finance platform and values-based ecosystem, we have designed a state-of-the art technology architecture and curated a world class operational team to execute on this vision. This is enabled by a strategic network of tier 1 global partners operating within the world’s leading regulatory infrastructure.
Sitting at the intersection of values, finance and technology, Algbra is the next generation in financial services.
We are excited today to launch our Banking-To-Go podcast series by Algbra Labs, your weekly take-away insights from the world of financial technology, banking and beyond, served by today’s industry leaders.
Our first episode is with Joan Medland and Tom Mason, Co-Founders of Shoal, a sustainable savings platform incubated out of SC Ventures by Standard Chartered and which partners with Standard Chartered Bank. In this episode we delve deep with Joan and Tom as to how ethical products and platforms can be successfully taken to market as well as discussing some of the challenges of innovating in a large corporate environment.
Watch and listen to the full episode below:
Youtube: https://lnkd.in/dBbwRctc
Spotify: https://lnkd.in/drV3SNBR
Apple Podcasts: https://lnkd.in/dxNETsEg#Algbra#BankingToGo#Podcast#Banking#Fintech
People often ask: 𝘄𝗵𝗮𝘁 𝗱𝗼 𝘆𝗼𝘂 𝗻𝗲𝗲𝗱 𝘁𝗼 𝗯𝘂𝗶𝗹𝗱 𝗮 𝗱𝗶𝗴𝗶𝘁𝗮𝗹 𝗯𝗮𝗻𝗸?
The immediate answer is usually 𝙘𝙤𝙧𝙚 𝙗𝙖𝙣𝙠𝙞𝙣𝙜, but this is like having a car engine without the body of the car. In order to function, you also need to orchestrate other necessary components of a digital bank, which traditionally come via third party vendors.
𝗘𝘃𝗲𝗿𝘆 𝗯𝗮𝗻𝗸 𝗵𝗮𝘀 𝗲𝘅𝗽𝗲𝗿𝗶𝗲𝗻𝗰𝗲𝗱 the pain of managing too many third-party vendors, far too often resulting in: higher costs, increased risks, slower implementation and progress. 𝗠𝗼𝘀𝘁 𝗼𝗳 𝘄𝗵𝗶𝗰𝗵 𝗰𝗼𝗺𝗲𝘀 𝗳𝗿𝗼𝗺 𝗯𝘂𝗿𝗲𝗮𝘂𝗰𝗿𝗮𝗰𝘆 𝗿𝗮𝘁𝗵𝗲𝗿 𝘁𝗵𝗮𝗻 𝘁𝗵𝗲 𝗮𝗰𝘁𝘂𝗮𝗹 𝗲𝗳𝗳𝗼𝗿𝘁 𝗼𝗳 𝗯𝘂𝗶𝗹𝗱𝗶𝗻𝗴 𝘁𝗵𝗲 𝘁𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆.
Our holistic stack at Algbra Labs - ReactorMesh, FusionEngine, Fabrik - ensures the best-in-class technology without the challenges and risks of traditional multi-vendor friction, whilst our platform seamlessly integrates and manages critical local vendors required for regulatory compliance.
𝗢𝗻𝗲 𝗽𝗼𝗶𝗻𝘁 𝗼𝗳 𝗰𝗼𝗻𝘁𝗮𝗰𝘁. 𝗢𝗻𝗲 𝗱𝗲𝗹𝗶𝘃𝗲𝗿𝘆. 𝗢𝗻𝗲 𝗔𝗹𝗴𝗯𝗿𝗮 𝗟𝗮𝗯𝘀.
www.algbralabs.com#AlgbraLabs#DigitalBank#CoreBanking#FaaS
🎉 Thrilled to be part of Algbra’s incredible milestone!
We had the pleasure of visiting Algbra's office during London Tech Week and learning about their exciting partnership with Shoal, a B-Corp certified sustainable finance platform, to advance ESG and sustainable finance in the UK. This partnership means Algbra's technology will be used to help individuals align their money with their personal ethics and values.
A big congrats also to Algbra for successfully raising a strategic round with SC Ventures of Standard Chartered Bank as their lead. Beacon VC is proud to support Algbra’s mission in pioneering ethical, inclusive, and sustainable banking. Excited for the future!
#Algbra#LondonTechWeek#SCVentures#ESG#IslamicBanking#EthicalFinance
It was a special evening yesterday where we welcomed in summer with our Future of Finance event at the Saatchi Gallery.
We heard fascinating insights from Tom Duff Gordon, Vice President International Policy at Coinbase about a future where digital assets are increasingly prominent; from Marisa Drew, Chief Sustainability Officer at Standard Chartered about navigating political climates where we see sustainability being weaponised; and from our very own Zeiad Idris about a future where technology and digital banking infrastructure - such as Algbra's - facilitates easier cross-border democratisation of financial services.
What was clear during #LondonClimateActionWeek is that the existing financial system isn't doing enough for people and planet but the future is bright.
Thank you to everyone that came. To those that couldn't make it, thank you for your unwavering support, we look forward to seeing you soon.
#Algbra#FinTech#FutureofFinance#SaatchiGallery
It's a milestone moment for everyone here at Algbra. We are delighted to announce today a strategic investment from SC Ventures by Standard Chartered into the company.
Algbra's commitment to sustainability is also further bolstered with a partnership with Shoal | Sustainable Savings | Certified B-Corp™, SC Venture's sustainable financial platform, that will leverage Algbra’s technology capabilities to distribute its products to UK retail customers whilst Algbra will incorporate Shoal as part of its ESG-centric B2B solutions globally.
The investment will accelerate the delivery of Algbra's Fintech as a Service (FaaS) solution globally and enhance our customer proposition in the UK. Huge thanks to Alex MansonGurdeep Singh KohliJames McKayJoan MedlandTom Mason and others for their support and we look forward to building on this great foundation.
Read more: https://lnkd.in/etDRhqGq#algbra#standardchartered#scventures#shoal#investment#sustainability
Thank you Ibrahim Mohammed for sharing Algbra's Ramadan Lights at Oxford Street and good luck to The Aziz Foundation for your launch tonight at Coventry Street! Happy Ramadan everyone!
Trainee Solicitor | Ambassador of Aziz Foundation | BA (Cambridge) MSc (Oxford) LLM (ULaw)
WE ARE BACK✨ Tomorrow, The Aziz Foundation brings central London… Ramadan Lights. But this year we are going even bigger and better! So make sure to bring your friends and family this weekend to see the beautiful #RamadanLightsLondon
And make sure to follow The Aziz Foundation for all the behind the scenes content on what it takes to launch such a momentous project.
We are very proud to announce that Algbra X, our charitable foundation focused on creating a more equitable society, is making history by bringing Ramadan Lights to Oxford Street for the first time.
Last year, Algbra X was delighted to work with partners to light up Coventry Street in Piccadilly, the first large-scale display of Ramadan lights in a major European city. And we are now delighted that Algbra X is illuminating the world’s busiest shopping street!
The beauty of London lies in the diversity of its people, and we hope all Londoners - from all faiths and backgrounds - will take lots of joy, delight, and pictures(!) with these very special lights.
The lights are made up of 30,000 energy efficient LEDs which can run for up to six years, with the total watts of the lights equating to one tumble dryer. The display will light up Oxford Street throughout the month of Ramadan, from 10 March to 10 April 2024.
#AlgbraX#RamadanLights#OxfordStreet
It was a great pleasure this week to attend and speak at Web Summit Qatar, the first Web Summit to be hosted in the Middle East.
I was especially thrilled to share a stage with my good friend Ankur from JULO, and to be in conversation with the Financial Times’ Laura Noonan. We both shared our entrepreneurial journeys, reflected on the highs and lows of building fintechs in our different jurisdictions, and shared our thoughts on what the rest of 2024 might bring.
For us at Algbra, I really do believe fintechs and neobanks are destined to be big banks' future best friends. Whilst there has been some friendly competition between the two in recent years, I believe we have by now seen enough large digital transformation projects not running on time or cost to usher in a new era of collaboration. And we look forward to being at the heart of that.
Congratulations to all those involved in successfully putting on a great Web Summit.
It was a special day yesterday as Algbra’s Co-Founders Zeiad Idris and Fizel Nejabat received the Freedom of the City of London at Guildhall.
The Freedom of the City of London, one of the oldest traditions in the world, used to be a requirement for those wishing to conduct business and trade within the square mile but which has now evolved to honour people in recognition of their exceptional contributions to industry.
The City of London Corporation remains at the centre of financial services globally, in large part thanks to London’s continued strength across regulation, financial technology and sustainable finance. Algbra is proud to be a London-headquartered and fully FCA-authorised FinTech that is seeking to disrupt ethical finance globally through our proprietary technology and Fintech-as-a-Service (FaaS) solution.
#algbra#cityoflondon#freedomofthecity#financialservices#fintech
As we say goodbye to 2023, we reflect on a remarkable year that has seen the world face significant challenges. Despite these, we are grateful for another historic year of progress in our quest to build the world’s leading platform connecting the financial experiences of global ethical consumers.
Some of our highlights have included:
🇬🇧 Successfully launching and establishing the Algbra App in the UK, demonstrating our enabling proprietary technology.
📱 Continuing technology and product innovation through Algbra Labs across our B2C and B2B propositions.
🌊 Building on our ESG ambitions, including partnering with Reset Connect to support the UK’s largest sustainability conference, as well as increasing our customers’ ability to track and offset their carbon footprint.
🏆 Being recognised as an ESG leader with Algbra certified as a B Corp (B Lab UK), re-certified as sustainable and fossil-free by Bank.Green, and awarded “Best ESG Initiative in Payments'' at the Pay360 Awards.
💻 Formally launching Algbra Labs and our Fintech-as-a-Service (FaaS) solution to help global financial institutions and corporates build their digital banking propositions from scratch.
💭 Maintaining our global thought leadership with the Business Council for International Understanding (BCIU) and the Mayor of London, arranging a roundtable with global business leaders at UNGA and New York Climate Week.
🚨 Supporting brilliant charities and causes through our in-app donations feature - enabling easy payments - that has seen £250k raised including for Turkiye-Morocco Earthquake Appeals and Medical Aid for Palestinians (MAP).
🧑🏫 Maintaining our partner and community-first approach with Marie Curie UK, Ramadan Tent Project, British Islamic Medical Association, Islamic Relief UK, Muslamic Makers, Nujum Sports, 30+ mosques across the UK and the Patchwork Foundation, as well as continuing to deliver our women's-focused “Chai-Mama” workshops, providing financial wellness and wellbeing training.
⚡ Launching Ramadan Lights, the first large-scale Ramadan lights display initiative in a major European city, that reached millions globally across mainstream and social media.
📢 Being recognised for our growing authority, including being asked to contribute to Mastercard's report on how digital payments technologies are enabling growth through economic inclusion and being asked to speak at global gatherings, including Islamic Financial Services Board's Annual Conference hosted by the Saudi Central Bank – SAMA.
None of this would be possible without the very special group of people we are proud to call our customers, supporters, partners and investors. They have helped us lay exceptional foundations to take the business to the next level as we enter a new phase for Algbra – thank you and we hope we continue to make your proud as we embark on this collective vision of ours.
From all of us at Team Algbra, a very Happy New Year!
#Algbra#2023review#Fintech
