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NEWS Emirates NBD goes live with Liv.
bank, Liv., aimed at Millennials. “We are very proud to launch the first digital lifestyle bank in the UAE. We have been working on this project for more than a year — almost a year and a half,” says Ali Sajwani, Chief Information Officer at Emirates NBD.
E
The new offering is part of the FI’s planned investment of Dh500 million in digital innovation and multi-channel transformation over the next three years. A beta version of Liv. for “selected customers” was made available in early February, initially only in the Google Play store, although a launch across all platforms will happen within “a matter of weeks”. Emirates NBD also plans to roll-out the brand to other markets. “If you look at the region, the population is perfect for such a solution. So we’re going to experiment, learn and grow the business here and then go to other markets,” says Head of Liv., Jayesh Patel.
According to research presented at the launch event, the mirates NBD has launched a digital-only
number of Millennials in the UAE is set to rise to three million by 2020 — up from two million in 2014. Spend by this group is estimated to be worth Dh20-24 billion.
Scott Thompson
Standard Chartered pushes API banking the bank’s other businesses.
Open Banking Application Programming Interface (API) Developer Portal. This will initially provide a repository of transaction banking API services focused on cash management, followed by the roll-out of further ones for
S tandard Chartered has launched its
Gautam Jain, Global Head, Digitisation and Client Access, Transaction Banking, Standard Chartered, says: “We are redefining the traditional transaction banking space by being the first to launch API services for Cash, Trade and Securities Services. As the industry moves more towards open platforms, we believe that API banking will become essential in providing value to our clients and partners, while encouraging collaboration between financial institutions and developer communities. This has the potential to fundamentally change how we deliver the bank to our clients.”
Further details at:
https://developer.sc.com Scott Thompson
www.ibsintelligence.com © IBS Intelligence 2017
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