National Bank of Fujairah plans to set up SME banking platform
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The platform will be an exclusive digital space co-created with SMEs to understand and address their needs.
WEDNESDAY 30, OCTOBER 2019 BY KUDAKWASHE MUZORIWA
National Bank of Fujairah (NBF) plans to set up a banking platform for SMEs to provide access to comprehensive financial and business services and solutions.
NBF stated that the SME banking platform will leverage the bank’s latest business solutions and skilled expertise and will evolve into a unique space for SMEs to access banking requirements, find and interact with peers as well as create ideas that can address specific business challenges.
Devid Jegerson, the Head of Customer Experience and Platform Development, said, “Given that SMEs in the UAE are growing rapidly, the platform will serve as a digital space for the sector to interact with peers, share know-how and gain access to beneficial resources on government policies.”
According to the Ministry of Economy, the SME sector represents more than 94 per cent of the total number of companies operating in the country and provides jobs for more than 86 per cent of the private sector's workforce.
CPI Financial was established in Dubai in 1999 to meet the needs of an ever-expanding financial community, offering a comprehensive portfolio of market-leading products and services tailor-made for the banking and financial services sectors.