Mustafa Domanic On Digital Banking In The GCC

Digital banking in the Gulf is now a race for primacy — the customer’s main account — and the early licensing advantage is narrowing as incumbents, regional challengers and global entrants converge. Mustafa Domanic, Partner, Banking and Financial Services, shares that winners will be those who localise from day one (Arabic-first service, corridor-aware remittances, Sharia options), launch with a single, market-tailored hook, and execute with a modular, API-first tech stack plus practical AI to automate onboarding, risk and service while keeping unit economics sustainable.

The call to action is to choose markets that match your model and risk appetite, secure the main current account fast, and build operations, partnerships and compliance into the business from day one to avoid costly late entry and regulatory friction.

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