Zand Bank

Dubai

Zand Bank is the United Arab Emirates' first fully licensed, all-digital bank, located in Dubai. It is licensed by the Central Bank of the UAE and focuses on supporting the rapidly evolving digital economy. The bank is revolutionizing the world of finance through the application of innovative technologies like artificial intelligence (AI) and blockchain. This aligns with the UAE's Digital Economy Strategy, aiming to boost the country's digital transformation.

Services and Operations

Zand Bank provides a range of services for both retail and corporate banking. One of its notable offerings is digital asset custody and tokenization technology, following a partnership with Taurus. This move positions Zand at the forefront of the fintech industry, leading the way in the adoption of digital assets.

In addition, Zand Bank offers efficient cross-border transactions across the Belt and Road regions and BRICS Plus, facilitated by its partnership with IDA. This blockchain-based service aims to achieve cost-effective transactions across borders, underscoring the bank's commitment to innovation and customer satisfaction.

Global Presence and Partnerships

Despite being based in the UAE, Zand Bank has made significant strides in expanding its global presence through key partnerships. It has partnered with Alibaba Cloud and Ant Digital Technologies to accelerate the applications of generative AI. This collaboration underscores the bank's dedication to leveraging AI to improve its services and drive the digital economy forward.

Zand has also partnered with Paymentology to support fintech growth in the UAE. This partnership is a testament to Zand's commitment to fostering a vibrant fintech ecosystem in the region and beyond.

To sum up, Zand Bank is a dynamic player in the global banking field, leveraging advanced technology to provide top-tier services. Its focus on digital innovation, coupled with strategic partnerships, positions it as a leader in the digital banking landscape.