Abu Dhabi: Al Maryah Community Bank, the leading digital bank in the UAE, has won the prestigious excellence award, the IBS Intelligence Global NeoChallenger Bank Award 2022, for the "Impact Achieved" in the “User Experience” and “Innovative Offering” categories, recognizing the bank's leading impact in these categories.

IBSi, the International Banking Systems (IBS) Intelligence headquartered in London, is the only research, advisory, and media firm specializing in financial technology in the world with a 30 year track record and clients globally. Including the largest number of financial and banking technology pioneers in the world.

The IBSi NeoChallenger Bank Awards 2022 aims to recognize outstanding technology companies, digital banks, and financial service providers worldwide for their role in driving impact through banking technology applications and innovations. A committee of experts selected the winners from over 100 participants in 34 countries based on standard criteria to determine the best technologies used and the participants' most prominent and influential achievements.

Al Maryah Community Bank stood out by launching an innovative, integrated set of safe digital banking products and services for individuals with an outstanding digital experience directly through the bank’s application, which included banking services, virtual cards, payments, innovative products for minors and investment in public offerings in the country, in addition to providing self-services such as depositing checks digitally through mobile and printing out debit cards and checkbooks through Multi-Functional Kiosks (MFKs). Al Maryah Community Bank was also keen to use the latest technologies and establish strategic partnerships in order to enhance the customer experience, as it merged the process of opening bank accounts with the digital identity “UAEPass”. Thus, the process of opening bank accounts became seamless and can be done anywhere in the country in less than five minutes. The bank has also enabled instant cash deposits into its bank accounts through Al-Ansari Exchange’s network of 200+ branches. As for corporates, the bank has made it easy and convenient to automatically open bank accounts for companies through integration with the Abu Dhabi Department of Economic Development investor's journey platform “TAMM”.

On this occasion, Mohammed Wassim Khayata, CEO of Al Maryah Community Bank, commented: “We are very proud of this achievement, which is an appreciation of our efforts in developing the digital banking services domain. We have defined our goals and strived resolutely to achieve them, to become an example of innovation and a title for excellence. We will continue to support our society in all its categories, individuals and companies, with the best, advanced services that meet their banking and investment needs through a seamless, convenient, and effective digital experience and supports economic prosperity in the country." He also added, "I would like to thank our technology partner, Tata Consulting Services (TCS), for their support and congratulate them on this win, which adds to their outstanding record of achievements."

Al Maryah Community Bank, UAE’s first fully integrated Digital Bank offers an omnichannel experience to individual consumers and small businesses.

Al Maryah Community Bank is a specialized bank, focusing on growth and serving the UAE community; UAE Nationals, Residents, and Businesses (SMEs and Corporates), in line with the vision of the UAE leaders in supporting individuals and small businesses within the UAE economy and fostering a futuristic culture by employing forward-thinking concepts driven by innovation and technology.

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