CoorB Company Profile

Background

Overview

CoorB is a Dubai-based professional services firm specializing in information technology and digital financial services. The company offers innovative solutions to governmental organizations, banks, non-banking financial institutions, and mobile network operators, aiming to accelerate digital transformation and enhance the digital presence of financial institutions.

Mission and Vision

CoorB's mission is to develop sustainable and advanced technology in the Middle East that contributes to economic growth and development throughout the region. The company envisions creating solutions that not only benefit businesses but also make a positive difference in people's lives, setting new standards on a global scale.

Primary Area of Focus

CoorB focuses on providing enterprise-grade technology solutions to over 100 clients worldwide, serving 80 million users daily. The company's services include business strategy, program management, and future-proof technology solutions that modernize the infrastructure of banks and financial sectors without the need for complete overhauls.

Industry Significance

With over 40 years of experience in the technology and digital financial services sectors across more than 10 markets globally, CoorB plays a significant role in accelerating digital transformation in the Middle East and Africa. The company's expertise and infrastructure enable it to deliver impactful digital solutions that modernize financial institutions' operations efficiently.

Key Strategic Focus

Core Objectives

Digital Transformation: Assist financial institutions in rapidly transforming into digital economies.

Infrastructure Modernization: Modernize the infrastructure of banks and financial sectors within weeks without replacing existing technological assets.

Cost Efficiency: Provide cost-effective solutions that enhance operational efficiency.

Specific Areas of Specialization

Core Banking Systems: Integration and customization of core banking platforms.

Digital Banking Integration: Seamless integration of digital banking services.

Open Banking APIs: Facilitation of open banking through API integrations.

Business Intelligence and AI: Implementation of data warehousing, AI-powered analytics, and machine learning capabilities for fraud detection and risk assessment.

Key Technologies Utilized

Artificial Intelligence (AI): Leveraged for analytics and decision-making tools.

Machine Learning (ML): Employed for fraud detection and risk assessment.

Cloud Computing: Utilized for scalable and efficient infrastructure management.

API Integration: Ensures seamless connectivity with third-party services and partners.

Primary Markets Targeted

Middle East and Africa: Specifically, Saudi Arabia, the United Arab Emirates, and Egypt.

Financials and Funding

Specific details regarding CoorB's funding history, total funds raised, recent funding rounds, and notable investors are not publicly disclosed. The company is backed by its founding partners, including CME, which has 40 years of experience in providing enterprise-grade technology solutions, and individual investors with extensive backgrounds in technology and financial services.

Pipeline Development

CoorB's pipeline development focuses on delivering comprehensive digital platforms and modernizing financial institutions' infrastructures. The company aims to achieve meaningful results within weeks, enabling clients to perform faster and more efficiently at significantly lower costs.

Technological Platform and Innovation

Proprietary Technologies

Core Banking Platform: A modernized system that integrates various banking services.

Digital Banking Integration: Customizable solutions for digital banking services.

Open Banking APIs: Facilitate secure and efficient third-party integrations.

Significant Scientific Methods

Data Warehousing: Centralized storage for efficient data analysis.

AI-Powered Analytics: Advanced algorithms for business intelligence.

Machine Learning Algorithms: Used for fraud detection and risk assessment.

Leadership Team

Carole Alsharabati

Position: Chairperson and Co-founder

Professional Background: Professor at Saint Joseph University in Beirut since 2000, Director of the Institute of Political Science, co-founder of CME Offshore, and involved in public sector consultancy through Siren Analytics and Associates.

Ahmed Gaber

Position: CEO and Co-founder

Professional Background: Over 23 years in the financial technology sector, including leadership roles at The ENTERTAINER and Visa, with expertise in digital payment solutions and strategic partnerships.

Yasser Zaidan

Position: Executive Board Member and Co-founder

Professional Background: President of the Zaidan Group, former CEO of Tawzih-Black Berry-Distribution Co., and Executive Vice President at Etisalat International Company, with experience in corporate acquisitions and strategic partnerships.

Wissam Youssef

Position: Executive Board Member and Co-founder

Professional Background: CEO and Co-founder of CME Offshore SAL, instrumental in the company's growth to a multinational firm with over 500 engineers and a user base of 80 million, with expertise in software development, IoT, and AI.

Leadership Changes

No recent significant changes or appointments within CoorB's leadership have been publicly disclosed.

Competitor Profile

Market Insights and Dynamics

Market Size and Growth Potential: The fintech sector in the Middle East and Africa is experiencing rapid growth, with significant investments and increasing financial inclusion rates.

Industry Trends: There is a growing emphasis on digital transformation, AI integration, and open banking initiatives within the financial services industry.

Competitor Analysis

Key Competitors: Specific competitors are not publicly disclosed.

Competitive Landscape: CoorB operates in a competitive environment with various fintech companies offering digital transformation and financial technology solutions.

Strategic Collaborations and Partnerships

CoorB collaborates with governmental organizations, banks, non-banking financial institutions, and mobile network operators to accelerate digital transformation and enhance business growth and efficiency.

Operational Insights

CoorB's strategic considerations include leveraging its extensive experience and infrastructure to deliver rapid and cost-effective digital solutions, modernizing financial institutions' infrastructures without complete overhauls, and utilizing advanced technologies like AI and ML to provide competitive solutions.

Strategic Opportunities and Future Directions

CoorB aims to expand its presence in the Middle East and Africa, leveraging its expertise to assist financial institutions in digital transformation, enhance operational efficiency, and provide innovative solutions that set new standards in the fintech industry.