Emirates Development Bank goes live with Tagit’s Digital Corporate Banking Product

By Delisha Fernandes

Emirates Development Bank (“EDB” or “the Bank”), has launched a Cash Management online portal for its business clients, developed in collaboration with Tagit, an omnichannel digital banking solutions provider.

The solution aims to simplify and streamline cash flow processes and empower the bank’s respective clients with greater control and efficiency in managing their financial needs.

Sandeep Bagaria, CEO of Tagit said, “EDB has an exceptional vision to provide next-generation digital banking services to their customers, and we are delighted to partner with them on their digital innovation journey. Our strategic partnership with EDB reinforces our unwavering commitment to the Middle East Region to deliver world-class products and services to banks and financial institutions in the region.”

The project was rapidly implemented within 11 weeks of Project initiation. The solution was delivered using the Mobeix Corporate Banking Product which will enable the bank to constantly innovate and expand their offerings as their customer base grows.

Emirates Development Bank has been instrumental in UAE’s economic advancement through strategic initiatives fostering innovation, entrepreneurship, and sustainable growth. As the sole development bank in the UAE, EDB focuses on financing transactions and projects crucial for national development and economic prosperity. EDB’s contributions to UAE’s industrial GDP and support for Small and Medium-sized Enterprises (SMEs) are notable, bolstering innovation and growth vital to the economy.

This strategic alliance seeks to transform EDB’s corporate banking services, enabling the bank to offer digital solutions designed to cater to the varied requirements of its customers and delivering greater value to all stakeholders. The engagement is supported by Tagit’s local partner, Stratic Consulting.

The Mobeix platform will provide the bank’s business banking customers with seamless orchestration of services across mobile and web, comprehensive features, outstanding UX and robust security. This will increase the market reach, faster time-to-market and enhance customer engagement.