Emirates NBD today announced the establishment of the UAE's first digital business bank (E20) for entrepreneurs and SMEs.
Under the Digital Business Bank, startups, individual owners, independent business owners, skilled economists, financial technology companies, insurance technology companies and SMEs will be able to easily open bank accounts and meet their daily banking needs via a mobile application, as well as access to a variety of services that help them. In running their business.
The Digital Business Bank beta will be available by invitation only to a select group of entrepreneurs, allowing them to test its key features such as the digital account opening experience and provide feedback on their experience.
The new bank will be available to business customers in the UAE after the successful completion of the pilot phase by the first quarter of 2020.
E20 is the second digital bank to be launched by Emirates NBD following the success of Liv, the region's first mobile platform that combines banking and modern lifestyle to meet the needs of Millennials and Generation Z. .