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31 December 2019
TECHNOLOGY

Emirates NBD in AED 1 billion digital transformation milestone

Emirates NBD intends to consolidate all its entities and markets into one single, updated core banking platform by 2020 which will enable the bank to offer new financial services more rapidly across all markets.

iStock/Jeff Kingma

by Kudakwashe Muzoriwa

Dubai’s Emirates NBD has completed the third phase of its international core banking system upgrade, as it forges ahead with its ongoing digital transformation efforts to boost innovation and efficiency across its domestic and international operations.

Emirates NBD stated that the third phase of the project saw the introduction of the new core banking system for Emirates NBD Saudi Arabia, following prior launches in Singapore and the UK in November 2018 and July 2019, respectively.

Abdulla Qassem, Group Chief Operating Officer of Emirates NBD, 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.”

The initiative is the bank’s biggest in its ongoing AED 1 billion ($272 million) digital transformation that will enter its fourth and final year in 2020.


RELATED STORIES: Emirates NBD digital transformation

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