Al Maryah Community Bank (Mbank), the top digital bank in the UAE, has been awarded the MEA Finance “Best Neo Bank” Award 2023 in recognition of its outstanding mobile-first financial products and services, digital readiness, responsiveness to changing times, and innovation in leadership.
The MEA Finance Awards 2023 honors financial institutions, technology solutions providers, and individuals for their exceptional achievement and inspirational leadership in delivering innovative products and services of the highest value to their retail and business customers. The 2023 Awards’ wide range of categories celebrates winning institutions and individuals for their ingenuity and ability to adapt to the demands of our challenging times, creating a more robust and inclusive financial system and contributing to the advancement of the banking industry in the Middle East and Africa.
The “Best Neo Bank” Award reflects Al Maryah Community Bank’s strategy and commitment to creating a more financially inclusive society, giving all individuals in every segment and sector equal access to innovative, convenient, and affordable financial products and services that are entirely digitized, fully secure, and highly efficient. Additionally, Mbank empowers its customers to engage in financial planning and develop healthy saving habits, even starting from the youngest of children!
Eyalna Savings Account for Minors encourages children to learn the basics of money management, digitizes their allowance, teaches them how to save, and provides them with a strong foundation to jumpstart their path onto financial success. To support SMEs, Mbank revolutionized the corporate banking process and launched its Corporate Banking Platform, offering all types of businesses the ability to open a fully digital business bank account in 6 simple steps, with zero minimum balance and no monthly fees.
Mohammed Wassim Khayata, CEO of Al Maryah Community Bank, expressed his pride in receiving the award and the recognition it represents. He emphasized the bank’s dedication to maintaining its position as the leading digital bank in the UAE by providing innovative financial products and services that meet the banking and investment needs of individuals and companies in a seamless, secure, and convenient way. Khayata also highlighted the importance of supporting individuals and SMEs through specialized financial programs in cultivating economic well-being and contributing to the overall wellness and vitality of the economy.
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