Mbank & Khalifa Fund launch Corporate Banking Platform

  • Date: 19-Jun-2023
  • Source: GCC Business News
  • Sector:Financial Services
  • Country:UAE
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Mbank & Khalifa Fund launch Corporate Banking Platform



Officials at MoU signing



Al Maryah Community Bank (Mbank), in collaboration with Khalifa Fund for Enterprise Development (KFED), has launched its Corporate Banking Platform.

The Platform offers all types of businesses the ability to open a fully digital business bank account through the Mbank UAE mobile application in six steps with zero minimum balance, and zero monthly fees, revolutionizing the banking process for its clients through next-generation digital banking solutions.

Mbank’s Corporate Banking Platform launches less than two weeks after Mbank and Khalifa Fund sign a Memorandum of Understanding (MoU), whereby Mbank continues its efforts to support National and Resident entrepreneurs by offering financing solutions to eligible SMEs supported by the Khalifa Fund through a credit guarantee scheme, including a range of exclusive benefits when they open an account such as no minimum balance requirements, access to a marketplace, a dedicated relationship manager, and innovative banking services.

Mr. Mohammed Wassim KhayataCEO – Mbank

“Our mission as part of our community initiative is to empower businesses to thrive by providing them with the tools they need to manage their finances efficiently and securely in a very fast-paced environment. We recognize the challenges that these businesses face, and accordingly, we have designed our Corporate Banking