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Tag: Digital Banking

53% of global population will rely on digital banking in 2026;...

In 2026, the number of digital banking users will reach more than 4.2 billion from 2.5 billion in 2021, which equals 53 percent of...

UAE’s Mashreq bank to cut physical branches amid digitalization

UAE’s leading financial institution Mashreq Bank has stated that it will reduce the number of its branches in response to the changing client behavior...

Al Maryah Community Bank receives final approval from CBUAE; Unveils its...

Abu Dhabi-based specialized digital bank, Al Maryah Community Bank has received its final approval from the UAE Central Bank (CBUAE) and announced the availability...

Saudi’s SAMA to boost digital economy; Completes licensing procedures of 2...

The Saudi Central Bank (SAMA) has completed the procedures linked to studying the license applications for two local digital banks to start operations in...

Al Maryah Community Bank receives approval from CBUAE; 1st in the...

Al Maryah Community Bank, a new digital bank focusing on serving businesses and individuals through state-of-the-art new-age technologies has become the first to secure...

Emaar founder Mohamed Alabbar to lead UAE’s new digital only bank...

The UAE's new full-scale digital bank 'Zand' is all set to become the first in the world to cater both retail and corporate banking...

Saudi’s SABB launches instant international money transfer service; First in Kingdom

Riyadh-based Saudi British Bank (SABB) has become the first financial institution in the Kingdom to offer an instant international money transfer service to digital...

UAE’s NOW Money secures $7mn to expand its digital banking services

UAE-based digital account service, NOW Money has raised $7 million in a funding round led by venture investor, Anthemis Exponential Ventures. Anthemis Exponential Ventures was...
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