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Abu Dhabi Commercial Bank (ADCB) and its Shariah-compliant digital banking subsidiary, Al Hilal Bank, announce an innovative new partnership with Bank of London and Middle East (BLME) to bring digital UK banking to UAE nationals through Nomo and residents.
Nomo is part of BLME, a subsidiary of Boubyan Bank, one of the leading financial institutions in the Middle East. Nomo was established to provide high-quality, Shariah-compliant digital banking to non-UK residents in the Middle East.
Customers in the UAE can now open UK multi-currency current and savings accounts and apply for UK home financing from their smartphones using the newly launched ADCB-Nomo and Al Hilal-Nomo banking apps.
The statement said that this unique offer offers UAE consumers a fast and easy way to bank in the UK from the UAE, demonstrating the agility and commitment of the ADCB Group to consistently deliver a market-leading customer experience.
ADCB Group CEO and Chairman of Al Hilal Bank Ala’a Eraiqat said ADCB’s partnership with Nomo is part of its strategy to drive digital growth.
“We are focused on maintaining ADCB’s leadership in customer experience and are committed to providing customers with innovative digital banking solutions and an unparalleled banking experience. The ADCB-Nomo and Al Hilal-Nomo apps will simplify international banking and provide Our firm opens up new funding opportunities for clients interested in the UK,” he noted.
The ADCB-Nomo and Al Hilal-Nomo apps will enable customers to spend globally in six currencies (GBP, USD, UAE Dirham, Euro, Kuwaiti Dinar and Saudi Riyal) with free transfers to the UK Bank account transfers and save with UK GBP and USD denominated time deposits.
“Clients will also have access to financing to help them purchase property in the UK as an investment or as a second home,” Eraiqat noted.
Adel Abdul Wahab Al Majed, Deputy Chairman and Group CEO of Boubyan, said ADCB is the market leader in GCC banking for excellence, security and innovation and the prospect of working with them is very exciting.
“Our shared mission is to provide UAE-based clients with unique opportunities to invest and manage their wealth internationally, simplifying complex banking processes and avoiding high cross-border fees. ADCB-Nomo and Al Hilal Nomo App Programs will make that a reality,” he added. –trade arab news agency
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