Publish dateMonday 6 May 2024 - 17:09
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Economy
Story Code : 451
NBD:

More than 90% of financial transactions are done outside branches

Emirates Bank NBD announced that 94% of the bank's financial transactions are done outside the branches.
photo: social media
photo: social media
According to Amac News: Marwan Hadi, head of the retail banking and wealth management group in Emirates NBD, confirmed the transformative effect of financial technology on the banking sector.
At the Dubai Fintech Summit, Hadi mentioned the value of the global FinTech market, which according to Vantage market research is expected to reach $556.58 billion by 2030.
According to the "Innovate Finance" report, Hadi emphasized the importance of the UAE in fintech investment, pointing to a 92% increase in 2023 and cementing the country's position among the top 10 global hubs for FinTech financing.
Hadi also pointed to the promising potential of open banking services, which are expected to reach $123.7 billion in revenue by 2031.
Regarding the UAE NBD's participation in the Dubai D33 economic agenda, aiming to place Dubai among the top four global financial centers by 2033, Hadi emphasized the role of the Dubai FinTech Summit in strengthening cross-border cooperation and innovation.
 
https://amacnews.com/vdcfiydjaw6dt.7rw.html
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