Yaqeen Capital launches DirectFN’s NTP: Next Generation Technology Platform
Riyadh, Sun gulftech — Yaqeen Capital (previously (FALCOM Financial Services) marked dual
successful go-lives. Primarily, establishing the state-of-the-art front-to-back enhanced experience launched
with DirectFN NTP latest technology coinciding with the market-wide go-live of PTTP (Tadawul).
Yaqeen Capital has laid the ground, by going live with DirectFN’s Next Generation Technology Platform – to
launch client-driven services, and seamless market-wide regulatory compliances. Focusing to introduce
highly innovative new era of digitalized services, well aligned to Vision 2030: by uniting expertise and
innovation to lead the future of investment banking in Saudi Arabia.
Yaqeen Capital translates to trust, reliance, and most of all certainty. Yaqeen has gone one step closer to
the execution of its vision of serving “certainty” as a leading full-fledged investment bank in Saudi Arabia.
With the new platform deployment covering Brokerage Management together with Asset Management
System and central CRM; empowering the clients by providing them fintech-style simplified serving concept
across Brokerage, Asset Management, and value-adding services.
Moath Alkhasawneh CEO of Yaqeen Capital, said, “It gives great satisfaction to be fully live with a modernera technology platform and stands fully complied to PTTP”. He added, “We believe there are endless
possibilities to be achieved through the next generation of innovation and technology. Simply: this go-live is
a major step in our mission of making digital advancements that help us place our clients at the center of
everything we do. Yaqeen Capital today looks to the future with a new innovative platform, modern epresence, reliable systems, and a partner to trust. We stand agile and confident with open-minded vision to
provide smart-era servicing with fresh relevant technology bringing new excellence in serving Yaqeen
Capital’s clients by meeting and exceeding their financial objectives.
Dr. Walid Al-Balla, Managing Director of DirectFN, said “We are honored, humbled and excited to serve
Yaqeen Capital gaining power of DirectFN NTP as new bottom-up build platform. Bringing Yaqeen clients
and internal staff with user-friendly digital experiences; current-era optimized Brokerage Management
System running onto in-memory computing OEMS engine; together with best possible quality introduced
with the new built-in self-check control (NTP test-cases automated management) and built-in monitoring
(Falcon). Completing with full-fledge Asset Management system and value-adding tools as end-to-end new
platform – ready for today with a holistic-focus for futuristic expected growth in the Saudi Stock Market.”
Yaqeen Capital is a full-fledged investment bank offering superior expertise in the fields of Investment
Banking, Private Equity, Asset Management, Brokerage and Financial Research. Our Mission: To be the
trusted and preferred financial advisor, providing comprehensive investment solutions that consistently helps
clients accomplish their financial goals.
Our Vision: Uniting expertise and innovation in order to lead the future of investment banking in Saudi Arabia.
DirectFN is an Innovative Financial Technology provider company – with game changing innovation as
DirectFN’s foundation and new value creation for the Capital Market ecosystem as on-going passion.
Consistent 20+ years specialization in bring digital maturity with FinTech (Software Applications platforms)
and FinCON (Market Information Screens) based solutions provisioning to brokerage houses, banks, clearing
members and asset management companies spanning from Morocco to Indonesia. Serving from five (05)
corporate offices in UAE, Saudi Arabia, Kuwait, Sri Lanka, and Pakistan; expanding to Emerging & Frontier
Markets
