Mbank Wins “Best Innovator Award” by Network
Al Maryah Community Bank (Mbank) is very proud to receive the “Best Innovator Award” by Network. Mbank’s commitment stands in pushing the boundaries of thinking in the space of payments, banking, and the fintech industry whereby it continuously works to innovate in products and services that are the first of their kind.
Digital innovation is everchanging the financial services industry and how it positively impacts end customers. The number one solution to the world’s major challenges is digital, and its convergence into business models is crucial. Future technologies, the evolution of robotics and automation, artificial intelligence (AI), and digital innovations are here to stay, and they’re going to make an extraordinary set of transformations to the betterment of the world. The future has proven that ‘cash is no longer king’ and that payment transactions will instead be made through smartphones or wearables (via virtual cards), rendering physical cards unnecessary.
Mbank stands out from the competition through its digitization of the entire banking experience by developing the Mbank UAE mobile application that has exceled in serving customers across the Emirates by providing them with a range of fully digital banking services tailored to the highest levels of quality, efficiency, security and comfort – without the need to visit any branch or submit any documents physically. With its integrated set of safe digital banking products and services, Mbank offers through its mobile application virtual cards, payments, and digital saving deposit accounts for the Nation’s youth to encourage savings and financial planning skills for their future. Moreover, Mbank offers its corporate customers a Corporate Banking Suite with many tailored financial solutions that facilitate the opening of business accounts for all types of companies. In addition, customers interested in investment opportunities can enjoy an unparalleled experience by creating their National Investment Numbers and subscribing to IPOs on both ADX & DFM – via an entirely digital experience.
Moreover, Mbank recently released its newest product to its financial technology suite: Mbank Wallet, the UAE’s first national digital wallet, that illustrates the bank’s continued promise in building the most advanced mobile payment experience for its customers. Through Mbank Wallet, end-users will be able to perform all daily financial transactions including but not limited to sending, receiving, requesting, and paying money.