EDB highlights technology focus, expertise at Middle East Banking Innovation Summit

EDB highlights technology focus, expertise at Middle East Banking Innovation Summit

DUBAI, 17th May, 2023 (WAM) -- Emirates Development Bank (EDB), the financial engine for UAE economic development and industrial advancement, is participating in the annual Middle East Banking Innovation Summit in Dubai.

The two-day event brings together over 400 senior bankers from across the MENA region to explore advances in banking, fintech, network and drive business conversations at Jumeirah Emirates Towers.

EDB's participation includes a dedicated stand to showcase its patient debt approach and laser-focus on developmental impact while sharing the Bank's perspective on digital banking technology as an enabler of convenient business banking and quick loan decisions.

Ahmed Mohamed Al Naqbi, Chief Executive Officer of Emirates Development Bank, said, “EDB is committed to delivering financing solutions for businesses with developmental impact in the UAE, helping them grow their businesses while uplifting the nation’s ambitions. We recognise the importance of not only utilising best-in-class technology solutions ourselves but also helping to build the digital ecosystem that underpins modern banking. We view technology as a great facilitator of our work, and we continue to embrace it and seek out the most viable, effective, and useful applications for our customers for convenience in services such as account opening, loan applications amongst others."

During the Middle East