Mmob appoints its co-founder, Arsalaan (Oz) Ahmed, as Executive Chairman 

• Oz, who co-founded the fintech with Irfan Khan in 2020, will be based in Malaysia
• Recognised as a banking industry thought leader in digital technology & sustainability

UK-based embedded services provider mmob Ltd has announced the appointment of Arsalaan (Oz) Ahmed (pic) as its executive chairman. Oz, who co-founded the company with mmob CEO Irfan Khan in 2020, will be based in Malaysia, where it has a subsidiary, mmob Sdn Bhd, servicing the ASEAN region. 

The company will maintain its headquarters in London and has future business plans to expand into the Middle East.

Oz is a banking leader with nearly two decades of experience in financial services including, seven years as CEO with the HSBC Group and the Al Rajhi Bank Group, respectively. He is renowned for driving financial performance and spearheading strategic business transformation and is recognised as a thought leader in both digital technology and sustainability in the banking industry.

“It is very exciting to join a visionary fintech leader in Irfan Khan and the talented team at mmob to support the expansion and growth of the business, helping clients internationally with maximise opportunities in embedded finance and services,” Oz said.

mmob provides technology solutions for financial institutions and non-financial institutions to seamlessly embed third party products and services. These are integrated into the company’s universal adapter to drive customer reach, engagement, and value generation for all players in the embedded services ecosystem.

"With an experienced and respected leader at the helm, equipped with skills to navigate a sizable, growing, and increasingly mainstream sector, with a focused growth within the enterprise segment, mmob is poised to continue unlocking value for our clients, the communities we serve, and our shareholders,” Irfan said.

He added that embedded finance is expected to grow into a multi-trillion-dollar industry in the coming years. "The ability for financial and non-financial services organisations to compete and benefit from this growth will depend on the interoperability of their products and services. We are shaping and helping clients ensure that they are ready to compete in the Embedded Services revolution," Irfan said.

mmob, a Financial Conduct Authority (FCA) regulated fintech and a Malaysia Digital status company, is an embedded services provider that seamlessly integrates regulated and non-regulated products and services into financial and non-financial services distribution channels' ecosystems. The company is also certified for ISO27001, Cyber Essentials +, in addition to holding an Open Banking license from the UK FCA.