Nomo Fintech, the technology start-up behind UK-based Islamic challenger bank Nomo, has promoted Simon Bateman to the role of CEO.
Simon was previously the company’s chief technology officer, having joined in June 2021 as part of the team to launch the Nomo in the UK.
Launched in July 2021 by Bank of London and The Middle East (BLME), Nomo has been working on growing its product suite which currently comprise current accounts, fixed-term deposits, remittance and property finance. BLME is one of four fully-fledged Islamic banks in the UK. Nomo was launched particularly to capitalize on the rising demand for international banking services from clients in the Middle East.