Nomo
“Can an Islamic bank-backed digital brand become the preferred cross-border banking platform for GCC customers seeking UK and international financial services?”
HQLondon, UK (20 Churchill Place, Canary Wharf, London, E14 5HJ)
IndustryFintech / SMB banking
The story
Nomo is the digital banking arm of Bank of London & The Middle East PLC (BLME), a UK-regulated Islamic bank and member of the Boubyan Bank Group. The brand focuses on cross-border digital banking, particularly serving Gulf Cooperation Council (GCC) customers seeking UK and international accounts. Nomo expanded its reach into the UAE via partnerships with ADCB and Al Hilal, positioning itself as a bridge between Middle Eastern banking clients and UK/international financial infrastructure.
Product timeline
2021
Nomo (operated by Bank of London & The Middle East PLC / BLME) launched its open banking API sandbox via Salt Edge / PriOra.· banking
2022
Nomo's PSD2-compliant Open Banking API went live (10 March 2022) on the Salt Edge PriOra platform.· banking
2024
Nomo partnered with Abu Dhabi Commercial Bank (ADCB) and Al Hilal to bring digital banking services to the UAE.· banking
Regulated entities
1
regulatory licence held by Nomo
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
3 layers disclosed in Nomo’s embedded-finance stack
Banking / BaaS
Bank of London & The Middle East PLC (in-house)
Card issuing
in the full report
Open banking
in the full report
Accounting gap: none
2 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.