Core Banking & Digital Banking Platform Development
Banking-grade compliance and security
Our platforms ship with eKYC onboarding through UAE Pass and leading identity verification providers, alongside AML and sanctions screening, plus transaction monitoring with configurable rules and suspicious-activity reporting workflows. Maker-checker controls, role-based access, and complete immutable audit trails keep every action accountable, while UAE data residency — deployed on-premise or in UAE-based cloud — aligns with Central Bank expectations.
Why a Custom Core Beats Renting One
Global core banking vendors charge implementation fees plus per-account or per-transaction pricing that scales against you forever — and your roadmap waits in their queue. The Royex model is different: a modern, API-first core delivered under a one-time perpetual license, with full source code handover and an annual maintenance contract that keeps you compliant as regulation evolves. Your unit economics improve as you grow, instead of deteriorating. For wallet-grade and mid-scale deployments, total five-year cost is typically a fraction of vendor-licensed alternatives.
The Complete Digital Banking Stack2
Delivery: From Wallet Core to Full Banking Platform
Who This Platform Is Built For
Corporates and conglomerates
Closed-loop wallets, payroll cards, and employee financial services.
Digital wallets and SVF providers
UAE Central Bank Stored Value Facility license holders offering wallet accounts, P2P, and merchant payments.
Exchange houses
Modernising remittance, customer accounts, and compliance on one platform
Neobanks and digital-first banks
App-only banking experiences built on a modern core.
Microfinance and lending institutions
Deposit-light cores with loan books and repayment processing
Frequently Asked Questions
A: A wallet-grade core banking platform (SVF providers, exchange houses, closed-loop wallets) typically ranges from AED 400,000 to AED 800,000. Full digital banking platforms for licensed institutions range from AED 800,000 to AED 2,000,000+ depending on product scope, card integration, and regulatory requirements.
A: Yes — this is one of its primary use cases. The platform supports wallet accounts, P2P transfers, merchant payments, agent cash-in/cash-out, and the KYC, AML, and reporting controls the UAE Central Bank SVF framework expects.
A: Wallet-grade platforms typically go live in 6–9 months; full digital banking platforms take 9–15 months, delivered in phased releases so regulators and investors see working software early.
A: The complete stack: a core banking engine (ledger, accounts, transactions, GL), an internet banking portal, native iOS and Android mobile banking apps, an operations back-office, and optionally an agent/branch portal — all integrated as one platform.
A: You own it. Royex delivers under a one-time perpetual license with full source code — no per-account or per-transaction fees. An annual maintenance contract keeps the platform updated and compliant.
A: Yes — we integrate card issuing partners, payment gateways including Checkout.com, Network International, Magnati, and Telr, and open banking providers such as Lean Technologies and Tarabut.
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