Aarna Capital Selects Apex Group's EDB Digital Banking Solution to Streamline Multi-Asset Brokerage Operations

The multi-asset brokerage firm Aarna Capital has joined forces with Apex Group, a global financial services provider, to leverage the latter's EDB digital banking solutions to streamline its multi-asset brokerage operations.

EDB digital banking solutions is delivered by European Depositary Bank (EDB), which was acquired by Apex Group in 2017. The digital banking offering offers a tailored solution for Asset Managers and SPVs, Family Offices, Corporates, Trusts and UHNWI, delivering greater time, resource and cost efficiencies via a secure 24/7 platform for instant access.

Adopting EDB digital banking solutions, Aarna Capital can now simply and efficiently open multi-currency accounts and manage their day-to-day transactions, including global payments, FX requirements and cash management through automated money market sweeps from a single online dashboard.

Dima Nedvetsky, Senior Executive Officer, Aarna Capital, commented: "In EDB, we have a platform that offers exceptional digital functionality with multi-currency accounts, 24/7 access, and immediate withdrawal facilities. In particular, their multi-currency cash sweep module enables us to effortlessly optimize our cash management, automating time deposits across leading counterparties. We have been impressed by the speed and ease of account opening through EDB’s onboarding portal, with the support and advice of their expert team."

Souvik Sen, Vice President – Business Development Middle East at Apex Group, said: "In market conditions where traditional banks are retrenching their services for institutional clients, EDB continues to offer a compelling digital banking solution for funds and financial institutions in the UAE and beyond. We are proud to be supporting Aarna Capital with our digital banking services, as we continue to build the most innovative solutions in the market for the investment community."

In March, Apex Group has formed a partnership with Crypto Finance Group​, a FINMA-supervised professional digital asset solutions provider and part of Deutsche Börse Group, to help the latter deliver a secure way to issue institutional-grade crypto products for professional and institutional investors.