Feeling uncomfortable talking about money? Struggling to manage your money and making ends meet? Or maybe getting an anxiety attack whenever a text from your bank pops up on your screen? A recent study has shown that millennials, stripped from financial education at school, often lack financial literacy which in turn affects their money confidence.…
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Living in a city filled with great restaurants, bars, entertainment and many other awesome activities can be a stretch for your monthly budget. ‘But how can you resist a Friday brunch?!’ I can hear you say. And indeed, a lot of expats in Dubai struggle with saving money at the end of each month. So…
Financial scams take place every day and it is inevitable that you might become a target of scammers and fraudsters. They become more and more creative and while the Nigerian prince emails have been running for a while now and hopefully no one falls for it, there are also others including phone calls from faux…
If you feel like you could be better with your personal finances and something is just not right when it comes to your financial stability, then it is about time you take matters into your own hands. Being money savvy is a skill and it takes certain aspects and changes to be made to your…
Life can be quite different to what you thought it was going to be when you were at school. If you are one of those people who, just like me, attended a school that has not taught you the basics of getting around in life, then welcome to the club. Managing personal finances is a…
Our brand new Bankiom app is live on Apple and Android. Our super-banking app allows you to connect all your UAE banks under one dashboard and help you grow your personal wealth in a fun way. It’s kind of Expedia for your money! It’s dead easy to get started with Bankiom, but in case you…
We strongly believe the way to riches is through diversifying your income sources and making your many works for you, whether it’s in a passive or scalable way. We wrote about passive income in the past and we highly recommend reading some of our articles if you want to learn more about it, but there’s also…
Saving money is for many people one of the key reasons to move to the UAE. An attractive tax-free salary allows some not only to enjoy their lavish lifestyle but also invest in stocks, pay off their mortgages, support families back home and still save for their future. The question is though, how much should…
If you are sat here wondering what it is that you are doing that makes you go uber broke at the end of each month, then you are not alone. The secret to getting better with finances, other than having money, is to develop financial habits that will allow you to live your best life…
If you don’t know where to start with your budgeting and how to stay on top of it – don’t worry, you’re not the only one. We have all heard that in order to manage your finances and start saving, we should start a budget – which is completely true. The problem we have all…
If you are scared of investing or you don’t know where to start, fear not, you are not the only one. We have created a complete guide to get you started and how to find the right resources to keep you informed and help you get more comfortable with managing your investment portfolio. If you…
If your full-time job is not giving you enough income to enjoy your Dubai lifestyle, then here are some ways to help you inject some additional cash instantly. Host an experience Another way to make extra money is to become an Airbnb Experience host. Travelers are more and more inclined to experience the real Emirates…
We are reaching new milestones and are launching our app for both Android and Apple users in just a few days! The app will be only available for waitlist-registered users so make sure you have signed up by the 15th of March to be able to make full use of our cool upcoming features. What’s…
If you ever wondered how to make sure you have money in your bank account at the end of the month, then please read on. Many people out there live paycheck-to-paycheck struggling to make ends meet despite theoretically having a salary that should allow them to live a comfortable life. So how is that possible?…
If you need to generate extra income and you know you do not have the capacity for another full-time or even part-time work, passive income is the right solution for you. In fact, passive income is the right decision for everyone right now. It is your way towards financial freedom. If you don’t know what…
If you are looking to create financial freedom you probably know by now that working one job forever is not going to get you there. The old belief that trading time for money will make you successful is a fad and more and more people realise now that they need to create new income streams…
Money. The topic that is often taboo yet gives us sleepless nights. It affects us on so many levels yet we still struggle to understand it, manage it and embrace it to fully benefit from it. Managing your finances can sometimes seem like a cumbersome and overwhelming task however once you get a grip of…
The concept of well-being is often misunderstood. What is supposed to be inclusive is often confused with and confined to exclusively physical health, or, in some cases, mental and emotional facets of one’s life. Ask any person worth their salt and they will tell you there two important ingredients of a good life – your health…
We have exciting updates to share! We have just signed eKYC agreement with Jumio Corporation, one of the leading online KYC solution providers. What is eKYC? Know Your Customer (KYC) is a mandatory process of identifying and verifying the identity of a client when opening an account and periodically over time. Now, eKYC allows you…
When your grandmother told you “it’s important to save”—it was her experience speaking—experience gained with every wrong decision taken about money and experience inspired by stories of miraculous escapes that came from savings. As universal as the concepts of saving money and financial intelligence are, they differ from culture to culture and city to city.…
In our recent survey, we have asked our subscribers to answer one question: What’s the biggest problem you are facing with your bank? We received a lot of responses from users from all continents and over 40 countries in total. Thank you! And what they prove is that the personal finance industry has a lot…
It is the time of the year when we all try to work on improving our lives regardless of the circumstances. If 2020 has not been easy on you, and 2021 is already proving to challenge you in any shape or form, don’t be too disheartened. Instead, focus on what you can learn from it…
Brought to you by the Bankiom Team When we first started building Bankiom, we were excited about the amazing tech we could use to change the banking experience. With the growing preference for self-service in banking and the power of technology to transform the customer experience, we spent a great deal of time talking about…
It’s been a journey and we are proud to announce that together with Global venture capital firm 500 Startups we have successfully completed the 14-week accelerator program. 500 Startups and Misk Innovation have continued on their mission to discover and back the most talented entrepreneurs in the Middle East and North Africa, as they face…
This is an easy article to write. It’s not challenging to talk about how convenient and satisfying mobile banking is for the consumer, because nearly all of us can relate to the frustrations that come with trusting our money to brick-and-mortar banks, and the ease and efficiency of managing our money on our smartphone. Literally,…
Your financial future starts here! Mobile banking can do much more for you than simply deliver plain-vanilla banking services over your smartphone. This is because the mobile banking app on your device is smart and responsive, designed to adjust to your plans and ambitions, and behave in a way that will help you do and…
Like everyone else, traditional brick-and-mortar banks are making the inevitable transition to mobile banking to keep up with the times and retain their customers. According to Statista, mobile banking penetration in European countries in 2018 was as high as 93 percent, with an average penetration of 58 percent. Mobile users love managing money with their…
Bankiom CEO Danny Abla shares the company’s vision to make customer happiness and the frictionless banking experience the foundation for fintech’s future in a short interview on the sidelines of the FiNext Dubai 2020 Conference Bankiom is doing something special for you. You can now Invite a friend and get $5 deposited into your Bankiom…
You’re probably here because you’re ready for Bankiom to help you manage and grow your money, which is why we wanted you to be the first to know about Bankiom Alpha and Beta launches! Bankiom is not another gimmick fintech company, we are a real hassle-free bank that enables you to solve many of your…
‘I want to build a society in which every child can become anything and in which every human being can live and grow old with dignity,’ wrote PM Sanna Marin #WomenPower #Fintech #ihatebanks Finland is now being run by five parties — all led by women, all but one of them under 35
In a move that would give Google greater access to consumer data the search giant Google will soon offer checking accounts to consumers, becoming the latest Silicon Valley heavyweight to push into finance. “Our approach is going to be to partner deeply with banks and the financial system,” Caesar Sengupta, general manager and vice-president of payments…