ENBD to spend AED500mn over the next three years to improve its digital capabilities
Emirates NBD said that it plans to invest AED500mn in the next three years to boost its digital capabilities. The bank is planning to create a separate digital-only bank aimed at young customers at a time when physical branches are losing their appeal with Millennials. The funds will be utilised to roll out more products and services online as well as beefing up online security. The money will also be spent on making its online services more user-friendly and quicker. (The National)
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