Al Maryah Community Bank (Mbank), the UAE's pioneer digital bank, has entered into a Memorandum of Understanding (MoU) with Dubai Multi Commodities Centre (DMCC), with the aim of streamlining the account opening process for businesses within DMCC through a Mbank integrated digital platform.
Mbank's Corporate Platform streamlines business bank account opening in DMCC, completing it in six steps within 48 hours. The account, with no minimum balance or fees, offers digital banking solutions like Current & Savings accounts, WPS, loans, and trade finance, alongside advanced features for efficient financial management.
Ahmad Hamza, Executive Director of DMCC said,
“Our partnership with Al Maryah Community Bank marks a strategic collaboration to further enhance the ease of doing business within DMCC. By harnessing the cutting-edge digital capabilities offered by Mbank, we empower businesses with access to agile solutions and streamlined processes, driving them towards accelerated growth and success.”
Ahmed Al Hammadi, Head of SME Coverage at Mbank, added,
"Mbank remains committed to delivering an enhanced suite of customised, innovative, easy, secure, and fully digital banking solutions in alignment with the UAE's vision for a digital economy. We are pleased to contribute to the growth and success of our economy by boosting, supporting, and empowering businesses to realize their full potential through the provision of necessary banking and investment tools."
News Source: Emirates News Agency
