"Zand" UAE's First Digital Bank

Publish date: Monday، 12 April 2021

Emaar Properties’ former chairman Mohamed Alabbar launches UAE’s first digital bank, the bank, will be called Zand, will provide retail and corporate banking services. It will also provide innovative solutions that meet the needs of both businesses and individuals.

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“As the first fully independent digital bank in the country, with a full UAE banking licence, Zand will provide innovative, effective financial solutions that help simplify businesses and lives, addressing the needs of both retail and corporate customers,” said Alabbar.

Emaar chief, Mohamed Alabbar, to chair new UAE digital bank

He also added that the UAE combines progressive regulations with commercial, financial, and technology hubs, which provides the perfect environment for a world-leading digital bank that can be launched in the UAE and scale beyond.

“Backed by strong shareholders and working with the best bankers and technologists, we’ve built a bank that delivers on the promise of understanding and meeting customer needs. From our systems to our processes and our team, we're built and ready, and we're looking forward to welcoming the first customers soon,” said Olivier Crespin, chief executive officer (CEO) of Zand.

As we are moving to the digital era, it is great to see how the UAE is following through.

Image Source: ME Construction News

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