ADGM awards first digital banking licence to Anglo-Gulf Trade Bank

Pedro Gonçalves
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(left to right) Waheed Rathore, the executive director, banking & insurance supervision, financial services regulatory authority of ADGM; Richard Teng, CEO, financial services regulatory authority of ADGM; Daniel Gould, deputy CEO, Anglo-Gulf Trade Bank and Fraser Brown, executive director, banking & insurance authorisation, financial services regulatory authority of ADGM
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(left to right) Waheed Rathore, the executive director, banking & insurance supervision, financial services regulatory authority of ADGM; Richard Teng, CEO, financial services regulatory authority of ADGM; Daniel Gould, deputy CEO, Anglo-Gulf Trade Bank and Fraser Brown, executive director, banking & insurance authorisation, financial services regulatory authority of ADGM

Anglo-Gulf Trade Bank has secured the first digital banking license and Category 1 status from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). AGTB will offer people in the UAE trade and transaction banking services, the company said in a statement. It will work with ADGM's Registration Authority (ADGM RA) to streamline account opening with the exchange of Know Your Customer (KYC). The company also wants to eventually expand its international presen...

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