Binderr, a leading Maltese tech start-up has recently forged a strategic partnership with Seed Group, a company of the Private Office of His Highness Sheikh Saeed bin Ahmed Al Maktoum.

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This collaboration marks a significant milestone for Binderr and showcases the game-changing tech talent that is heralding from Malta. Binderr’s cutting-edge software is specifically tailored to address the evolving challenges of client onboarding.

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Developed with three stakeholders in mind — regulators, businesses, and clients — the software delivers a bespoke client experience while optimising market resources.

Seed Group is renowned for its strategic alliances within the UAE and the wider MENA region and brings invaluable expertise and connections to the table. This partnership provides Binderr with unique insights into the business culture of the emirate and access to a vast network that can facilitate its growth and expansion in the region.

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“We are delighted to welcome Binderr as our newest partner. Their innovative approach to anti-money laundering and know-your-customer (AML and KYC) procedures will undoubtedly benefit businesses in Malta and Dubai, both large and small,” commented Mr. Hisham Al Gurg, CEO of Seed Group. He further added, “This collaboration underscores our shared commitment to leveraging technology for innovation, efficiency, and sustainable business growth in our respective locales.”

Jacob Appel, CEO and Founder of Binderr, underscored the significance of the company’s expansion in the UAE. “Our technology represents more than just a solution; it symbolises the UAE’s commitment to compliance innovation and its dedication to upholding the highest standards in the fight against financial crime.” Appel emphasised, “We are honored to collaborate with the royal family and contribute to the advancement of innovative technologies in banking and professional services, supporting their growth initiatives.”

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It is noteworthy that in February 2024, the UAE was removed from the FATF (Financial Action Task Force) grey list. To uphold this status and further mitigate the risks associated with money laundering, the adoption of business solutions like Binderr is imperative.

Binderr’s digital features enable clients to utilise customised questionnaires and risk assessments, real-time data integration, pre-defined onboarding templates, as well as advanced screening for PEPs and Sanctions. These components streamline operations and ensure regulatory compliance for the targeted sectors. Moreover, the platform efficiently maps out corporate structures to swiftly identify Ultimate Beneficial Owners (UBOs).

About Binderr
Binderr is a comprehensive platform designed for professional and financial services firms, aimed at enhancing compliance, efficiency, and business growth. Developed in collaboration with compliance experts, Binderr offers solutions that uphold regulatory standards globally.

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For more information, visit www.binderr.com

About Seed Group
With a track record spanning two decades, Seed Group has established strategic alliances with leading global companies, driving their business interests and objectives in the MENA region. The Group’s extensive regional connections and support have been instrumental in facilitating the success of its partners in the region. The Private Office, established by Sheikh Saeed bin Ahmed Al Maktoum, directly invests in or assists potential business opportunities in the region that align with its
criteria.

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For more information, visit www.seedgroup.com