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Dubai Financial Market Inks Memorandum of Understanding With “Raqmiyat” and “Kony” to Develop “Smart Borse” Applications
Oct 21, 2014
Dubai Financial Market (DFM) signed a Memorandum of Understanding (MoU) with “Raqmiyat” and “Kony” with the aim to develop a series of applications as part of the exchange’s strategy to fully implement the “Smart Borse” concept over the coming period.
 
The signing ceremony took place at GITEX 2014 and the MoU was signed by Mr. Hassan Al Serkal, Chief Operating Officer (COO), on behalf of DFM, Mr. Tapas Roy, CEO of Raqmiyat and Mr. Madhukar Joshi, Vice President Sales, Kony.
 
The MoU creates a general framework that governs the collaboration amongst the three entities in regards to developing smart applications to serve various market participants which will include Business to Consumer (B2C) services mainly targeting investors, Business to Business (B2B) services such as services provided to listed companies, brokerage firms and custodians as well as Business to Employee (B2E) services.
 
According to the MoU, DFM and Raqmiyat will provide the necessary business knowledge, resources and skills to develop applications and embed current electronic services within the smart platform based on Kony’s mobile development platform technologies and leveraging its expertise within the mobile development field.
 
It is noteworthy to mention that the DFM is showcasing an all-inclusive array of state-of-the-art new digital services and smart phone applications during its participation in GITEX 2014, as well as key outlines of its ambitious project to transform into the “Smart Borse”, in line with the vision of HH Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai.

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