First digital only bank in UAE set to go live

Mark Battersby
clock • 1 min read

The UAE's first digital only independent bank is to launch both retail and corporate services under the leadership of Emaar Properties' former chairman Mohamed Alabbar. The digital bank, called Zand, is subject to regulatory approvals, it said in a statement on 12 April. Zand's new chairman Alabbar said: "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." The UAE combines progress...

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