Zand, the first digital bank to provide both retail and corporate services, announced that it had been granted a banking licence from the Central Bank of The UAE to become Zand Bank, a fully licenced bank. By successfully securing a UAE banking licence, Zand is now authorised and regulated to operate as a fully independent commercial bank. “We’re thrilled that Zand has reached another milestone and is now a fully licenced bank. Today’s announcement represents yet another excellent example of the UAE’s pioneering vision of having progressive regulations that drive FinTech innovation,” said Mohamed Alabbar, Chairman, Zand. “With a UAE banking licence, we look forward to commencing our innovative banking services and contributing to the UAE’s legacy of innovation as well as economic growth.” Led by a team of expert bankers and technologists and backed by a strong group of shareholders, Zand is activating its strategic partnerships with regional and international companies to provide its corporate customers with a banking experience underpinned by security, transparency, and convenience, while powering up all systems and connections for its personal banking launch phase. Read the full Khaleej Times article through the link in the comments. #banking #digitalbanking #neobank #challengerbank #bankingindustry #bankingtechnology #financialtechnology #financialservices
Best of luck any job opportunities
Congrats Zand team!
congrats Olivier Crespin
Link to full article: https://www.khaleejtimes.com/business/zand-gets-central-bank-licence-onboards-first-customers