anb acquires a share in Cashee Digital Banking and Financial Education Platform

anb acquires a share in Cashee Digital Banking and Financial Education Platform

anb announced today that it has reached an agreement to invest into Cashee, a technology company based in the United Arab Emirates. Cashee specializes in the development of youth banking and financial education platforms and applications with the aim of enhancing financial inclusion, promoting a savings culture and improving the way the youth manage their money.

This strategic agreement will pave the way for Cashee to roll out its innovative banking and knowledge solutions, applications and products in the Saudi market, to be available to the younger generations and teens. This will support anb’s efforts to invigorate its banking awareness activities targeting this group of the society, and expand the scope of financial knowledge and inclusion, leaning on Cashee’s financial and educational platforms specifically designed to cater to the youth.

Mr. Aiedh AlZahrani, anb’s Chief Operating Officer and Head of Retail Banking Group, commented saying: “The strategic partnership agreement with Cashee is an additional step on the bank’s digital transformation journey that aims to empower bank initiatives in the field of financial technology and digital banking, and to expand the scope of financial inclusion. It is also synchronous with the launch of anb’s new identity, which is based on 3 main themes: