About Us

Remitex (RETL / DIGI) is a Regtech company registered in DIFC Dubai. RETL focuses on the digitization and automation needs of the financial industry and has developed and deployed various solutions since its inception in 2020. We have a comprehensive digitalization solution covering the entire customer lifecycle from onboarding to sanction screening, transaction monitoring, regulatory reporting etc. Presently we have close to 200 active deployments in different jurisdictions and sectors. Additionally, we also have other clients who have expressed their interest to get onboarded. Our deployments span all activities of the Financial Sector be it Insurance Sector, Non – Banking, Remittance players or wallets and digital payments.

DIGI has been created keeping in mind the requirements of three major stakeholders.

Banking, FIs and Insurance (BFSI)

Designated Non-Financial Businesses and Professions (DNFBPs)

Government Services

Our Mission

To create strong value proposition for the financial sector in the digitalization of customer life cycle management.

Our Vision

To become the leading digital solution provider within the boundaries of the local compliance framework.

Our Journey

Q2, 2023

WPS solution for UAE WPS agents

Q1, 2023

Fraud Management Solution

Q4, 2022

Version 2 of Digi Comply launched with updated Transaction Monitoring Solution. NFC reader introduced for EID reader

Aug 2022

Launch of Core Exchange House Software.

March 2022

Integration with UAE Pass

February 2022

Mobile App for remittances with Virtual Card launched

October 2021

Launch of Wage Protection System Software

September 2021

Launch of Comprehensive Card Management System

August 2021

Launch of EWRA Module

June 2021

Launch of Reporting Solution for goAML Portal, UAE

March 2021

Transaction Screening and Monitoring added to Digi Comply

January 2021

eKYC App launched

December 2020

Launch of Risk Assessment Solution

May 2020

Our Incorporation

Our Leaders

Dr. Abhishek Jajoo

Founder And Chairman

Dr. Abhishek Jajoo

Founder And Chairman

Mr. Abhishek is a serial entrepreneur who comes with experience in REGTECH, Risk Management & Compliance. He has been passionate about fintech and have been advising various fintech firms across the world. He is currently the Founding Partner & CEO of AJMS Global, a niche consulting firm focusing in area of tax, risk & compliance. Under his leadership, AJMS has grown leaps and bounds and is now presently serving clients in more than 5 countries with head office being UAE. He is also the Co-founder and Partner of TRUACT, a complete solution for IFRS 17 for Insurance Sector. Prior to this, he has worked with various leading Banks, investment companies, FIs, RE Funds etc. in the GCC region, both as an Engagement Partner and as part of the group, and have successfully led various projects to meet client satisfaction. Over the years, he has gained expertise in the areas of REGTECH, strategy, AML, CDD/EDD, KYC Remediation, Compliance, Risk Management, ICAAP & Stress Testing, Corporate Governance etc.

P Satish Menon

Chief Executive Officer

P Satish Menon

Chief Executive Officer

Satish is a seasoned banking professional with over 30 years of experience in Retail Banking, Corporate Finance, remittances and related fields in Banks, FI and Exchange House. He brings with him compliance and banking knowledge to the company. He has been involved in Business Process Management and in setting up techno savvy products in past assignments.

Our Board Advisors

Suresh Kumar

Chairman – Board Advisory Committee

Suresh Kumar

Chairman – Board Advisory Committee

Mr. Suresh Kumar is a seasoned professional with over 45 years of experience in banking, project finance, treasury, private equity, mutual funds and investment banking. He has held various senior executive positions during his professional career span including CEO & Board, ExCo member in the Emirates Group/ Emirates NBD Group (1985-2012); Founder and CEO-Emirates Merchant Bank and Emirates Financial Services PSC; Founder and Chairman- Emirates Funds LLC, Emirates Banks Austria Investments Limited and Tricolour Investments Limited; Chairman- Federal Bank Limited, IDBI Federal Life Insurance Company, Fedbank Financial Services, ICICI International and Global PE Funds. Currently, he is an independent Director with ICICI Lombard General Insurance Company, ICICI Prudential AMC Limited, Aster DM Healthcare Limited, Emirates REIT at DIFC and also part of the board advisory for various educational institutes like TIPS Global and SP Jain in Dubai. He has been winner of prestigious awards Father of Investment Funds and GCC Capital Market (1997), Hind Ratan Award (2012) and Annual Award from Indian Economic Society (2014). He possesses various educational qualifications including: Economics (Honors), Sydenham College, Mumbai, India; Rotary International Scholarship, California, USA; Lord Aldington Banking Research Fellowship (U.K., Belgium, and Germany); Fellow of Indian Institute of Bankers; Stanford University & London Business School, Investment Management Programme, Colum. Over the years, he has gained expertise in the areas of REGTECH, strategy, AML, CDD/EDD, KYC Remediation, Compliance, Risk Management, ICAAP & Stress Testing, Corporate Governance etc.

Peter Boland

Board Advisory Committee

Peter Boland

Board Advisory Committee

Mr. Peter Boland is the group head of internal audit & risk at Henley & Partners. He is an international banker with over 40 years of multi-disciplinary experience, including 30 years with HSBC Group, where he undertook senior leadership roles across regulatory compliance, internal audit, corporate banking, institutional banking and transaction banking. Peter has been based in Dubai since 2005 when he was appointed Regional Head of Internal Audit for the Middle East and North Africa. Peter has worked globally with HSBC in a variety of client facing and also control roles in India, Hong Kong, New York and Bahrain. Post retiring with HSBC, he has worked with the Central Bank of United Arab Emirates in a Banking Supervisory role and since 2016, for Henley & Partners, the global leader in the rapidly expanding field of residence and citizenship planning as the Head of Risk and Internal Audit. His education qualifications include a Bachelor of Arts and Bachelor of Law from Monash University, Australia; An Associate of the Chartered Institute of Bankers of the United Kingdom; Advanced Management Programme from INSEAD. His technical prowess in accounting and experience in banking and technology puts him in a unique position to bring about the right technology in the financial sector.

Raza Bhojani

Board Advisor

Raza Bhojani

Board Advisor

Mr. Raza Bhojani is an experienced finance professional with more than 15 years of experience in the advisory and banking sector across the Middle East and Asia. He is a qualified Chartered Accountant from Pakistan, a fellow member of the Association of Chartered Certified Accountants from the UK and a member of the Certified Practicing Accountant, Australia. Raza is a passionate finance professional with expertise in financial modelling, technology implementations, business strategy, IFRS implementations, risk management and liquidity management. He led the automation of an IFRS accounting solution for mortgage loans using the Oracle system, for which the company won ‘Best Use of Technology Award’ by Banker Middle East. In 2015, Raza received the ‘Young CFO of the Year’ award by CFO Middle East. With a wealth of experience, Raza believes in automation and digital transformation. His technical prowess in accounting and experience in banking and technology puts him in a unique position to bring about the right technology in the financial sector.

Rajkumar TR

Board Advisor

Rajkumar TR

Board Advisor

Raj is a successful Entrepreneur, an Insurance Specialist and Delivery Expert with proven skills of repeating the success in implementing Insurance ERP solutions across the MENA region. Expert in Customer engagement and establishing word of mouth referrals. As a favorite Leader, always available to customers and team members. Spearheaded Insurance verticals starting from creation of Products with cutting edge technologies, Quality delivery with aggressive deadlines, Successful project closures and complete account management. Deep Domain Knowledge in General & Medical Insurance Domain. Work with the latest tools and technologies and bring in more innovative ideas, value additions to the customers. Over 20 years of experience in developing and implementing insurance solutions for MENA Region in helping the customers to outdo their competition.

Sheetal Bhardwaj

Board Advisor

Sheetal Bhardwaj

Board Advisor

Ms. Sheetal Bhardwaj is a seasoned Risk & Compliance professional with hands on experience and expertise in managing and leading teams for running successful compliance processes. She is presently working with one of the big four banks in New Zealand and previously worked with various Financial Institutions in the UAE and had regional remit with MENA countries (Qatar, Oman, Kuwait, Bahrain, Algeria, Lebanon, Egypt & Turkey). She is an MBA in Finance and a mathematical science graduate in statistics from University of Delhi. She is a certified Anti Money Laundering Specialist (CAMS), Certified Fraud Examiner (CFE), Certified Compliance Officer (CCO), along with certifications in Compliance & AML from CISI, UK & ICA Manchester Business School, Henley Business School. She is a compliance generalist who has dealt with regulatory audits, thematic reviews and have performed key strategic compliance and risk management leadership roles that have a broad remit and responsibilities for providing oversight and management of all aspects of regulatory compliance and financial crime risk including but not limited to impact analysis of regulatory changes, driving coordination and execution of the various financial crime compliance work streams and assurance, while ensuring alignment with global standards.

Mirza Al Marzooq

Board Advisor

Mirza Al Marzooq

Board Advisor

Mr. Mirza Al Marzooq is the Managing Partner in AJMS Global-Bahrain, with more than 30 years of experience (including 21 years with KPMG and PWC – two of the largest 4 accountancy firms). He has served a wide range of clients in various sectors including conventional and Islamic banks, investment companies, insurance, governmental entities and services organizations, listed and privately owned business. Al Marzooq have accumulated significant exposure in audit, business consulting and non-audit assignments including internal audit, process reviews, development and review of procedures manuals, investigative assignments, human resources consulting, etc. He has extensive international experience includes working on assignments in Oman, Qatar, Kuwait, Saudi Arabia, Turkey, Canada, Egypt and many other countries. He joined as an advisor to the board in DIGI to support the global expansion of the team and support digital transformation of Banks & FIs.

Vivek Mundhra

Board Advisor

Vivek Mundhra

Board Advisor

A trusted advisor with more than decade of experience in Strategy Consulting, Payments, Sustainability, Corporate Finance, Business Transformation and Program Management across industries like Public sector, Financial Services, Oil & Gas, Family Groups within Middle East, USA, Asia and Europe

About Us

DIGI has been created keeping in mind the requirements of three major stakeholders.

Banking, FIs and Insurance (BFSI)

Designated Non-Financial Businesses and Professions (DNFBPs)

Government Services

Our Mission

Our Vision

Our Journey

Our Leaders

Dr. Abhishek Jajoo

P Satish Menon

Our Board Advisors

Suresh Kumar

Peter Boland

Raza Bhojani

Rajkumar TR

Sheetal Bhardwaj

Mirza Al Marzooq

Vivek Mundhra

USEFUL LINKS

CONTACT US