back Back

Al Maryah Community Bank receives its final approval from CBUAE

By Leandra Monteiro

July 07, 2021

  • Al
  • UAE
Share

Al Maryah Community Bank, Mbank UAE, digital, UAE, banking Al Maryah Community Bank receives its final approval from the UAE Central Bank and announces the availability of its banking products and services to the community.

“We would like to sincerely thank the UAE Central Bank and express our gratitude for their faith and trust in our community efforts and granting the banking license to Al Maryah Community Bank, in line with the UAE leaders’ initiatives and vision for providing integrated digital services that reach customers wherever they are and at any time. Our vision is to serve the community,” said H.E. Tariq Ahmed Al Masaood, Chairman.

Mr. Mohammed Wassim, CEO of the bank added, “We are embarking on a very ambitious journey that will get the UAE community even closer through our AI-powered technology and fully integrated digital platform, that is at the heart of our dynamic and tech savvy organizational culture. The unique feature we bring to the table is the concept of co-creation whereby we will assess customer anticipation through our AI, and we will work towards making it a reality.”

He continued, “When an account is opened with Al Maryah Community Bank, the customer will have the opportunity to contribute to the development of the app, products, and services by providing suggestions and feedback on the UI platform. Then the bank will create such products and features in the app’s future releases.”

Mr. Humaid Al Attar, EVP Wholesale Banking said, “Our core strategy is to have a seamless app wherein individuals can open an account in less than 5 minutes. Companies can open accounts in easy and fully digital process without the need for owners to go anywhere. They can avail a range of bespoke products and services through the digital platform that will cater to several segments of the community. We will also reach out to the unattended and small businesses who find it difficult to access finance and bring along the communities into mainstream banking through the digital platform”.

Al Maryah Community Bank has launched its digital banking app designed for customers to start creating their current and savings accounts and become part of the digital banking revolution. Customers can now download the app (Mbank UAE) from the App store and Google Play.

Previous Article

July 07, 2021

Pine Labs raises funds worth a total of USD 600 million

Read More
Next Article

July 07, 2021

Wise research reveals £150 bn in hidden fees on foreign currency transfers

Read More






IBSi Daily News Analysis

Data privacy

July 16, 2024

Al

Rise in sophisticated attacks, state-level threats, and increased ransom DDoS Incidents

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Jamaica’s First Global Bank partners with Profile Software

Read More

July 17, 2024

Digital banking glitches drive younger generations away from traditional banks

Read More

July 16, 2024

TISA goes live with Oracle’s core banking system, Flexcube 14.7

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024