Lulu Money, the UAE’s fintech major is bolstering its technology to cloud-based solutions to make transactions seamless for its customers across the globe, media reports said. The development is expected to bolster the GCC region’s ambitions of becoming a world-class innovation hub.
Adeeb Ahamed, Managing Director, LuLu Money, told the media, “We wanted the ability to innovate without reinventing the wheel and were looking for a solution that would help us engineer smart business solutions, without inconveniencing our customers. The shift to cloud is a part of our larger mission to continually invest in solutions that can help design inspiring customer experiences.”
It is reported that the development will pave the way for the company to fully utilise the cloud to provide a top-notch customer experience with new software updates and zero downtime. Furthermore, the cloud platform has proved to be swift and hassle-free for developers as they can now easily launch releases and updates, without spending so much on hosting infrastructure maintenance.
It is reported that the company is ranked as the second-best exchange house in the GCC region. The company was incorporated in 2008. It caters to countries such as Malaysia, Hong Kong, the UAE, Oman, Kuwait and Bahrain, India, Bangladesh and the Philippines; serving local and international corporations including financial institutions.
The new development is a big achievement for Lulu Money as many companies are struggling to carry out new development amid the Covid-19 pandemic.