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Emirates NBD adds to AED 1bn digitising plan via Saudi Arabia

Emirates NBD adds to AED 1bn digitising plan via Saudi Arabia
Group Chief Operating Officer, Emirates NBD, Abdulla Qassem
Emirates NBD
EMIRATESNBD
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Dubai – Mubasher: Emirates NBD announced the completion of the third phase of upgrading its international core banking system through a new rollout in Saudi Arabia, rapidly advancing into digital transformation with the aim to boost innovation and efficiency across its domestic and international operations. 

The new core banking system for Emirates NBD Saudi Arabia follows previous successful launches in Singapore and the UK in November 2018 and July 2019, respectively, according to a press release on Monday.

By the end of 2020, all Emirates NBD entities and markets will be connected to one single updated core banking platform. This will allow the UAE bank to provide new financial services fast across all markets while cutting global IT costs.

Moreover, the global initiative is a significant milestone in the bank's ongoing AED 1 billion digital transformation programme which will enter its fourth and final year in 2020.

The bank’s digital transformation strategy succeeded to deliver many major upgrades and consolidations to its enterprise applications.

In this regard, Emirates NBD's group chief operating officer (COO), Abdulla Qassem, said, “In 2020, our focus is on concluding our most complex, multi-entity initiatives like the core banking system upgrade while ensuring all of our technology enhancements increasingly translate into seamless, innovative financial services for our customers.”