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Home»Explore by countries»Dubai / UAE»Oxyfinz Unveils Free Software Initiative to Bridge the UAE Wealth Management Technology Gap
Dubai / UAE

Oxyfinz Unveils Free Software Initiative to Bridge the UAE Wealth Management Technology Gap

By IslaJune 27, 20264 Mins Read
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The Middle East financial sector is currently navigating an unprecedented surge in capital inflows, rapidly transforming regional financial hubs into top-tier destinations for international wealth.

The scaling metrics are historic: the Abu Dhabi Global Market (ADGM) recorded a staggering 57 per cent increase in Assets Under Management (AUM) during the first quarter of 2026 alone, while the Dubai International Financial Centre (DIFC) has expanded its wealth hub to host more than 500 asset and wealth management firms.

However, this explosive market velocity has exposed a widening technological disparity within the regional ecosystem. While premier institutional heavyweights deploy highly sophisticated, integrated software frameworks, boutique and independent firms find their growth heavily throttled by operational constraints.

To dismantle this friction, UAE-based wealthtech and data intelligence platform Oxyfinz has officially launched a dedicated SME growth initiative. The strategic program lowers the barrier to entry across the region by granting select boutique firms free access to enterprise-grade portfolio management tools and data infrastructure. The ultimate goal is to foster a more accessible, technology-enabled financial ecosystem across the Emirates.

The Middle Office Crunch in a Hyper-Growth Market

The core issue facing the independent External Asset Manager (EAM) sector lies within the deep operational disconnect between front-office growth and back-office execution. While client-facing advisory teams are expanding at a rapid clip to absorb swelling capital inflows, middle- and back-office operations remain highly constrained due to a widespread lack of automation.

Remarkably, despite the current global revolution in artificial intelligence and automation, many boutique firms across the UAE still rely heavily on tedious, manual workflows to handle critical daily responsibilities. Independent asset managers frequently find themselves dedicating disproportionate business hours to manual tracking, including:

  • Data Aggregation: Compiling disjointed figures from scattered, multi-asset systems.

  • Trade Reconciliation: Manually verifying complex daily ledger balances.

  • Portfolio Lifecycle Management: Overseeing client accounts through highly fragmented processes that lack unified visibility.

This administrative friction drains valuable time and human capital away from core client services and strategic wealth accumulation.

Democratizing Institutional-Grade Infrastructure
Vedant Makhija, CEO of Oxyfinz

To alleviate these acute operational pressures, Oxyfinz is opening up its proprietary enterprise infrastructure to 20 qualifying firms at no cost for an initial 12-month period. This zero-cost framework allows emerging independent players to leverage the exact same caliber of technology traditionally reserved for large, heavily capitalized financial institutions.

The program is open to a diverse range of small-scale participants operating within the jurisdictions of the DIFC and ADGM, including:

To qualify for the initiative, firms must currently manage fewer than 20 active clients. Accepted firms will receive entirely unrestricted access to the complete Oxyfinz software suite, completely free of feature limitations, usage caps, or hidden conditions.

“The growing capital inflows we are seeing across Dubai and Abu Dhabi present a significant growth opportunity for independent managers, but the operational realities are holding them back,” stated Vedant Makhija, CEO of Oxyfinz. “Even with today’s AI advancements, middle-office teams are still bogged down by traditional methods and manual data reconciliation. Our SME initiative is designed to eliminate that manual burden, allowing boutique EAMs to automate their infrastructure, combat rising operational costs, and compete at an institutional level on equal footing.”

Automating the Future of Wealth Operations

Established in the UAE in 2023, Oxyfinz was engineered specifically to eliminate the scattered systems and repetitive data entry that traditionally stifle efficiency in the asset management arena. The platform drastically simplifies complex financial reporting by automatically consolidating multi-asset data streams into clear, real-time insights.

By standardizing portfolio analytics and daily reporting workflows, the software empowers wealth advisors to step away from administrative overhead. Delivered via a unified, clarity-focused dashboard, the technology is introducing a higher standard of operational transparency and daily efficiency to the region’s expanding investment community. Qualifying regional firms can officially submit applications to join the program via the company’s dedicated portal starting today.



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