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Introducing Signature, a programme of distinction reserved for the upper crust of Emirates NBD
Our wealth solutions help you manage your financial future better and achieve your financial goals.
Life is uncertain but you can be prepared to face adversity with our wide range of insurance plans.
Everyday banking is a lot easier with our digital banking platforms and services.
Learn more about our services and get the most out of your banking relationship with us.
We welcome you to a bespoke banking experience tailored to suit your private banking & wealth management needs, should you, your family, or your business have USD 5 Million (or currency equivalent) and above as Assets Under Management with us.
Start your banking journey with the leading bank in the region.
Find a suitable account and applyDiscover the benefits of being our customer by browsing through our banking packages.
Learn more about banking packagesLearn all about how to use your account's features and benefits to the fullest.
Visit our dedicated support center for answers to all your banking-related questions.
All our cards offer you an exciting range of rewards and benefits.
Find a suitable card and applyGet the most out of your credit card by exploring its different benefits.
Learn all about how to use your card's features and benefits to the fullest.
Visit our dedicated support center for answers to all your banking-related questions.
Here's how to make the most out of your loan with us.
Visit our dedicated support center for answers to all your banking-related questions.
Our various FX products and services help you conduct your international transactions easily.
Our wide range of transfer options make it easier for you to send money locally and internationally.
Learn all about how you can seamless use our services to transfer money.
Our wealth solutions help you manage your financial future better and achieve your financial goals.
Know more about our Wealth servicesLife is uncertain but you can be prepared to face adversity with our wide range of insurance plans.
Access to over 11,000 stocks and ETFs in Global and UAE markets
Visit our dedicated support center for answers to all your banking-related questions.
Everyday banking is a lot easier with our digital banking platforms and services.
Discover more about banking with usWe have over 200 branches and 900 ATMs and CDMs across the UAE and overseas.
Learn more about our services and get the most out of your banking relationship with us.
Visit our dedicated support center for answers to all your banking-related questions.
Start your Priority Banking journey and live your success
Introducing Signature, a programme of distinction reserved for the upper crust of Emirates NBD
Our wealth solutions help you manage your financial future better and achieve your financial goals.
Life is uncertain but you can be prepared to face adversity with our wide range of insurance plans.
Everyday banking is a lot easier with our digital banking platforms and services.
Learn more about our services and get the most out of your banking relationship with us.
We welcome you to a bespoke banking experience tailored to suit your private banking & wealth management needs, should you, your family, or your business have USD 5 Million (or currency equivalent) and above as Assets Under Management with us.
Dubai, UAE, 02 November 2021: The Corporate and Institutional Banking division of Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Turkey) region, has reported an increased preference for digital banking amongst its clients, with more than 96% relying on the bank’s digital platforms for all payment transactions and more than 99% processing their payrolls digitally as of September 2021.
Supported by a continued focus on technology led corporate banking solutions, the bank has also witnessed an overall increase in client onboarding volumes, with more than 40% increase in client onboarding for the first nine months of 2021 as compared to the same period in 2019.
Emirates NBD’s corporate digital banking platform businessONLINE has been designed to simplify working capital management, streamline complex operations, and offer corporates full visibility across financial relationships, accounts, and activities, delivering a single view across all their markets. The bank recently enhanced its digital banking suite with offerings such as Virtual Accounts, Liquidity Management, API Banking and Digital Supply Chain Finance, empowering businesses to monitor cash flows in real time and respond to rapid changes in the macro landscape.
Emirates NBD has also witnessed an overall increase in transactions on its digital trade finance platform, smartTRADE. Trade finance requests received through the platform increased 2.5 times in the same period, as clients preferred to use digital channels over branch counters for their trade finance requirements. In 2020, the bank launched its first-to-market solution that digitizes processing of inward guarantees using Robotics Processing Application and Machine Learning that has enabled multiple government clients to manage 100% of their inward guarantees digitally using smartTRADE, thereby eliminating paper usage and driving Straight Through Processing.
Emirates NBD was the first in the region to offer digital supplier onboarding on its digital supply chain platform – smartSCF. With the recent addition of dynamic discounting on smartSCF, Emirates NBD is also the first UAE bank to offer the option of discount bidding to suppliers registered with a company on the platform.
Ahmed Al Qassim, Senior Executive Vice President and Group Head, Corporate & Institutional Banking, Emirates NBD said: “As part of our vision to be the most innovative bank for our clients, we are continuously creating relevant solutions that empower businesses and enhance their banking experience. We have encouraged, advised, and supported our clients through this step-by-step transformation, making the transition as seamless and exciting, as possible. We will continue the end-to-end digitization of corporate banking with support from our internal teams and technology partners. With UAE achieving the prestigious 10th rank in the World Digital Competitiveness index in 2021, we look forward to further supporting the nation’s drive towards digitisation in all aspects of business.”
Anith Daniel, Group Head of Transaction Banking Services, Emirates NBD Corporate and Institutional Banking, said: “Our enhanced digital product suite has supported UAE businesses in their transition towards a more digital and efficient direction. We remain committed to supporting our clients by offering innovative Trade finance, Supply Chain finance and Cash management solutions that help them conduct their business more efficiently and we look forward to leading new initiatives that help us facilitate efficient working capital management and create rewarding client experiences.”
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