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Abu Dhabi 11-09-2019
Anglo-Khaleeji Commercial Bank has been granted a full digital license to provide banking services and a “Tier 1 Bank” level from the Financial Services Regulatory Authority of the Abu Dhabi Global Market.
The acquisition of the new license represents a milestone in the digital roadmap of the Abu Dhabi-based bank, as it is the first bank to receive a full digital license to provide banking services from the Abu Dhabi Global Market.
Granting the license represents an important step towards providing the bank with simplified commercial banking services and comprehensive customer-centric banking transactions.
Anglo Khaleeji Commercial Bank works closely with the Abu Dhabi Global Market Registration Authority to enable Abu Dhabi Global Market Authorities (SMEs) to open corporate accounts by enabling the exchange of KYC information from the Abu Dhabi Global Market Registration Authority to Anglo Gulf Commercial Bank. This will significantly accelerate and simplify the opening of accounts for Abu Dhabi Global Market Authorities.
Thomas Hershey, Senior Executive Director and Head of Banking and Insurance at the Financial Services Authority – Abu Dhabi Global Market, said: “We are delighted to grant Anglo-Khaleeji Commercial Bank a full digital license to provide banking services in line with ADX’s commitment to provide a comprehensive platform with an advanced regulatory framework consistent with With the requirements of the market for the banking and financial community and creative institutions in the financial services sector to flourish further. ”
Daniel Gold, Executive Vice President of Anglo-Khaleeji Commercial Bank, said: “The UAE has a world-wide reputation as a leading technology hub focused on digital innovation and innovative ideas that will contribute to a better social and economic future.”
“The innovation-driven environment in the Abu Dhabi Global Market has provided Anglo-Khaleeji Commercial Bank with a strong and reliable foundation to revolutionize the digital finance landscape – from the UAE to a wider global reach, allowing us to provide banking services A comprehensive and streamlined customer-centric approach that enables us to strengthen the UAE’s vision of becoming a global financial center offering comprehensive corporate banking services worldwide. ”
