Dubai - Mubasher: Emirates NBD has initiated a digital wealth platform within its newly launched ENBD X mobile application to allow trading securities and exchange-traded funds (ETFs) on global and local exchanges, according to a press release.
The new platform has over 11,000 global equities and 150 regional equities available for trading on international exchanges like Nasdaq, New York Stock Exchange (NYSE), and London Stock Exchange (LSE). This is in addition to the regional markets, such as Dubai Financial Market (DFM), Abu Dhabi Securities Exchange (ADX), and Nasdaq Dubai.
The UAE lender noted that ENBD X users can invest and trade with zero commissions until the end of December 2023. The platform provides tools for market updates, charts, and technical analysis with access to independent analyst ratings.
Group Head of Retail Banking and Wealth Management at Emirates NBD, Marwan Hadi, said: “The launch reflects the bank’s mobile-first strategy with nearly 95% of the bank’s digital banking customers availing services through the mobile banking App. With the launch of the digital wealth offering, we have elevated ENBD X as a one-stop platform for both everyday banking and wealth management needs.”
The DFM-listed firm invested recently in climate and fintech venture Erguvan in support of its sustainability-themed accelerator programme for sustainable banking solutions.