Remitex Technologies Ltd

What Remitex Technologies Ltd does

Remitex Technologies Ltd, operating commercially as DIGI, is a Dubai International Financial Centre (DIFC)-registered RegTech company founded in May 2020 and operating as part of the AJMS Group. The company builds an AI-driven software suite that digitalizes financial-crime compliance across the entire customer lifecycle — from onboarding through sanctions screening, transaction monitoring, fraud detection, and regulatory reporting. Its product portfolio comprises five integrated modules: DIGI Core (an integrated Exchange House management platform), DIGI Comply (intelligent AML/CFT compliance manager with transaction screening and goAML reporting), DIGI KYC (electronic onboarding for individual and corporate customers with NFC EID reading and UAE Pass integration), DIGI Card (card and virtual-card management), and DIGI Sal (Wage Protection System processing automation).

DIGI serves regulated financial-sector customers across the BFSI, DNFBP, and government segments — including exchange houses, banks, insurance companies, fintechs, payment service providers, virtual asset service providers, and high-risk corporates — across the UAE, Saudi Arabia, Bahrain, Oman, and India. The company reports close to 200 active enterprise deployments, with named customers spanning Al Mulla Exchange, Multinet Exchange, Medgulf, Dubai Insurance, Yas Takaful, Al Dhafra Insurance, Union Bank, PNB, Canara Bank, Ebury, du, Salik, and Deyaar. Commercial motion is enterprise field sales with annual subscription licensing (quote-based, not publicly disclosed) and a partner-referral channel leveraging AJMS Group's multi-country footprint and relationships with FATF, national regulators, and GCC Exchange associations. The product roadmap since inception has been product-led, with more than thirteen distinct launches or upgrades through Q2 2023, including Fraud Management, WPS automation, and DIGI Comply V2, followed by a 2024 strategic partnership with Diligencia extending KYB coverage across the Middle East and Africa.

Name

Remitex Technologies Ltd

Legal name

Remitex Technologies Ltd

Website

https://kycdigi.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

251–500 employees

Short description

Remitex Technologies (DIGI) is a DIFC Dubai–based RegTech company that provides AI-driven KYC, AML/CFT compliance, transaction monitoring, and exchange-house management software to financial institutions across the GCC and India.

Ownership category

akta.pro rank

Product category

RegTech Compliance Software

NAICS

Computer Systems Design and Related Services (54151)

SIC

Finance Services (6199)

akta.pro primary industry

AML/CTF Transaction Monitoring & Case Management (FSAGAFAC)

akta.pro secondary industries

AML/CFT & Financial Crime Compliance (FSAFAOAD), GRC, Policy Management & Controls Testing (SOX/ICFR, audit management) (FSAGAFAM), Financial Crime Investigations & Intelligence (link analysis, network analytics) (FSAGAFAH), Blockchain Compliance, AML & Transaction Monitoring (On-chain Analytics) (FSAGAMAF)

Keywords

• Regulatory compliance software
• KYC solutions
• AML compliance platform
• Financial crime compliance
• EKYC solutions

Headquarters

HQ city

Dubai

HQ country

United Arab Emirates

HQ region

Middle East

Offices7 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Software/SaaS Solutions: Recurring software licensing and deployment fees for DIGI suite of compliance and KYC solutions targeting financial institutions

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Core offering

Remitex Technologies (DIGI) develops and sells an AI-driven RegTech software platform that automates financial crime compliance for regulated entities. Its modular suite covers the entire customer lifecycle, including electronic KYC onboarding (DIGI KYC), AML/CFT transaction monitoring and sanction screening (DIGI Comply), exchange house business management (DIGI Core), card administration (DIGI Card), and Wage Protection System salary processing (DIGI Sal), targeting banks, exchange houses, insurance companies, fintechs, and government entities across the GCC and broader MENA region.

Product overview

Remitex Technologies Ltd (DIGI) offers a unified RegTech platform with multiple integrated modules covering the entire customer lifecycle from onboarding to compliance monitoring. The core offering consists of DIGI Core (Exchange House management platform), DIGI Comply (intelligent compliance manager with AML/CFT capabilities), and DIGI KYC (customer onboarding). These are supplemented by DIGI Card (card management system) and DIGI Sal (WPS salary processing automation). The platform is designed for financial institutions including banks, exchange houses, insurance companies, fintechs, and other regulated entities.

Differentiator

Problem solved

Functional benefit

Brands

• DIGI Core: An integrated Software to host and optimise the Exchange House business
• DIGI Comply
• DIGI KYC
• DIGI Card
• DIGI Sal

Products and services

• DIGI Core Integrated software platform that hosts and optimises money exchange house business operations for remittance and money service providers in the GCC.
• DIGI Comply Intelligent AML/CFT compliance manager providing transaction screening, transaction monitoring, sanction screening, and regulatory reporting for financial institutions, exchange houses, insurance companies, fintechs, and VASPs.
• DIGI KYC Electronic KYC solution enabling easy onboarding of individual and corporate customers with identity verification, document processing, NFC eKYC for Emirates ID, and UAE Pass integration.
• DIGI Card Comprehensive card management system that manages and administers various types of cards including virtual cards for remittances.
• DIGI Sal Automation tool for Wage Protection System (WPS) salary processing, enabling compliant salary disbursement for UAE employers and WPS agents.

Quantifiable outcome

• Reduction in Cycle time
• +2 more outcomes

Named customers22 records

Segments8 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature5 records

Partnerships

Two partnerships are on record, tiered core.

• DiligenciacoreTechnology or Integration · 1 January 2024Strategic partnership to combine Middle East & Africa registry data with AML/CFT solution Digi Comply. Diligencia provides corporate intelligence for Africa and Middle East since 2008. The collaboration delivers unrivaled KYB solution for compliance needs in the region.
• AJMS GroupcoreStrategic or Co-development PartnerAJMS Group, including Remitex Technologies, offers consulting and tech solutions across multiple countries. Remitex Technologies is part of AJMS Group which has offices across UAE, India, Bahrain, Oman, and Saudi Arabia. Dr. Abhishek Jajoo is Founder and Chairman of RETL and Founding Partner & CEO of AJMS Global.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Regnology: RegTech vendor offering regulatory reporting (XBRL/goAML-style) and compliance solutions to banks and regulators; overlaps with DIGI's goAML reporting and EWRA modules.
• Themis: UK-headquartered KYC/AML/compliance firm with explicit MENA presence and Arabic-language screening services; directly comparable to DIGI Comply on sanctions screening and AML workflow tooling.
• Tookitaki: Singapore-based RegTech offering AML/CFT, transaction monitoring and fraud detection with regional banking deployments; comparable on AI-driven compliance for emerging-market financial institutions.
• FinScan (Innovis): Sanctions screening, KYC and AML compliance platform used by financial institutions globally; directly comparable on watchlist screening and entity resolution components of DIGI Comply.
• Napier AI: UK-based AI-native AML and financial crime compliance platform with strong APAC and Middle East banking wins; directly competes for AML transaction monitoring and KYC enhancement RFPs.

Broad incumbents

• Moody's KYC / Orbis: Provides KYC, adverse media screening and entity data (Orbis) used by banks and exchange houses; overlaps with DIGI's KYC/Diligencia partnership positioning.
• NICE Actimize: Established global AML, fraud and transaction monitoring platform owned by NICE Systems; competes with DIGI Comply for tier-1 GCC bank mandates and increasingly localizes Arabic support.
• Refinitiv (LSEG): World-Check KYC and screening data plus broader financial crime suite; comparable on sanction/PEP screening and entity resolution feeding into DIGI's compliance workflows.
• SAS Anti-Money Laundering: Enterprise analytics platform with mature AML, fraud and regulatory reporting offerings; widely deployed across GCC banks and a benchmark competitor in compliance RFPs.
• IDEMIA: Global identity, biometric and eKYC vendor competing on customer onboarding (DIGI KYC's domain) especially for national ID and digital identity programs in the GCC.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/kycdigi
• Facebookfacebook.com/kycdigi
• LinkedInlinkedin.com/company/kycdigi
• Instagraminstagram.com/kycdigi

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds3 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Remitex Technologies Ltd