Titanium Financial and Apex Group launch new UAE Escrow product

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06/04/2021 – 4:08pm

Titanium Financial Ltd has mandated Apex Group Ltd (Apex), a global financial services provider, to provide operational support for the launch of its global Escrow service “Titanium Escrow“. Apex will provide reconciliation services, assist with payments and record keeping of the Escrow platform.

Escrow is the service of retaining funds securely in escrow accounts as underlying transaction is facilitated. Clients use Titanium Escrow to retain funds for commercial purposes such as Payment Retentions, M&A and Escrow for Indemnification Obligations, Contracting and Real Estate, or the purchase and/or transfer of large assets.

As the first dedicated and licensed Escrow provider based in the UAE, Titanium Escrow is a landmark solution that uses best in class controls and procedures to facilitate global escrow services for Cash and Non-Cash Property. By using Titanium Escrow’s streamlined Escrow system, clients will reduce risk, save time, and increase efficiencies via a streamlined process delivered by dedicated relationship managers. Titanium Escrow, established in the Abu Dhabi Global Market (ADGM) is regulated, supervised, and authorized by the Abu Dhabi Global Markets Financial Services Regulatory Authority (ADGM FSRA).