The collaborative efforts between Al Maryah Community Bank and Khalifa Fund have resulted in the introduction of the ‘Corporate Banking Platform.’
Al Maryah Community Bank (Mbank) and Khalifa Fund for Enterprise Development have joined forces to unveil the innovative ‘Corporate Banking Platform.’ This collaboration aims to revolutionize the banking experience for businesses by providing a fully digital business bank account through the Al Maryah Community Bank UAE mobile application in just six simple steps. The platform is designed to offer next-generation digital banking solutions, with zero minimum balance requirements and no monthly fees.
The introduction of Al Maryah Community Bank’s Corporate Banking Platform comes shortly after the signing of a Memorandum of Understanding between Al Maryah Community Bank and Khalifa Fund. This partnership solidifies Mbank’s commitment to supporting national and resident entrepreneurs by offering financing solutions to eligible small and medium-sized enterprises (SMEs) backed by the Khalifa Fund. As part of this initiative, SMEs will enjoy a range of exclusive benefits upon opening an account, including access to a marketplace, a dedicated relationship manager, and innovative banking services.
The partnership between Al Maryah Community Bank (Mbank) and Khalifa Fund for Enterprise Development continues to strengthen as they work together to provide valuable support to businesses in the UAE. The launch of the Corporate Banking Platform signifies their ongoing commitment to empowering entrepreneurs and fueling economic growth in the region.
With the Corporate Banking Platform, Mbank aims to simplify and enhance the banking experience for businesses of all sizes. By offering a fully digital business bank account through their mobile application, Mbank revolutionizes the traditional banking process. The platform allows businesses to open an account in just six steps, eliminating the need for physical paperwork and lengthy procedures. Moreover, the platform sets itself apart by not imposing any minimum balance requirements or monthly fees, making it more accessible and cost-effective for businesses.
The announcement of the Corporate Banking Platform comes shortly after Mbank and Khalifa Fund signed a Memorandum of Understanding. This strategic collaboration enables Mbank to provide financing solutions to eligible SMEs supported by the Khalifa Fund through a credit guarantee scheme. The partnership aims to foster entrepreneurship and facilitate business growth by offering financial support and access to exclusive benefits. Businesses that open an account through the Corporate Banking Platform can take advantage of features such as access to a marketplace, personalized support from a dedicated relationship manager, and innovative banking services tailored to their specific needs.
Mohammed Wassim Khayata, the Chief Executive Officer at Al Maryah Community Bank, expressed the bank’s mission to empower businesses and facilitate their financial management in today’s fast-paced environment. Recognizing the challenges faced by businesses, Mbank designed the Corporate Banking Platform to provide modernized processes that optimize operations and foster growth. Khayata emphasized the importance of equipping businesses with efficient and secure tools to navigate their financial landscape.
Alia Al Mazrouei, CEO of Khalifa Fund, highlighted the significance of the Corporate Banking Platform in streamlining financial operations for businesses of all sizes. In the ever-evolving business landscape, efficient financial management plays a crucial role in the success of enterprises. Al Mazrouei expressed enthusiasm for the partnership with Mbank and reaffirmed their commitment to supporting entrepreneurs in the UAE by providing access to cutting-edge banking solutions.
The Corporate Banking Platform introduced by Mbank and Khalifa Fund marks a significant milestone in empowering businesses and driving economic growth in the UAE. By offering a fully digital banking experience with simplified processes, businesses can focus on enhancing their operations and expanding their horizons. The seamless integration of innovative banking solutions not only facilitates financial management but also provides businesses with the necessary tools to thrive in a highly competitive market.
The launch of this collaborative initiative reflects the commitment of Mbank and Khalifa Fund to support the aspirations of entrepreneurs and promote economic development in the UAE. As technology continues to advance, digital banking solutions become increasingly essential for businesses to remain competitive and agile. Mbank’s Corporate Banking Platform is a testament to their dedication to meeting the evolving needs of businesses, ensuring convenience, efficiency, and security in financial operations.
As businesses embrace the benefits of the Corporate Banking Platform, it is expected that more enterprises will turn to digital banking solutions for their financial needs. The partnership between Mbank and Khalifa Fund paves the way for further advancements in digital banking, empowering businesses to leverage innovative tools and streamline their operations. With the rapid growth of digitalization, the Corporate Banking Platform is poised to become an integral part of the UAE’s business landscape, fostering a culture of financial efficiency and facilitating entrepreneurial success.
