Abu Dhabi Commercial Bank (ADCB) and its digital banking subsidiary Al Hilal Bank have partnered with Bank of London and the Middle East (BLME) to offer digital UK banking services to UAE residents through Nomo, a subsidiary of BLME. With the ADCB-Nomo and Al Hilal-Nomo banking apps, customers can easily open UK-based multi-currency current and savings accounts, as well as apply for UK home financing using their smartphones.
This collaboration is a testament to ADCB Group’s dedication to providing exceptional customer experience and its commitment to digital growth. ADCB Group CEO and Al Hilal Bank Chairman Ala’a Eraiqat stated that this partnership aligns with the bank’s strategy of driving digital-enabled expansion, according to TradeArabia.
ADCB Group CEO and Al Hilal Bank Chairman Ala’a Eraiqat said ADCB’s partnership with Nomo was part of its strategy to drive digital-enabled growth.
“We are focused on maintaining ADCB’s leadership position in customer experience and are committed to providing customers with innovative digital banking solutions and an unparalleled banking experience. The ADCB-Nomo and Al Hilal-Nomo apps will simplify international banking and unlock new financing opportunities for our customers with interests in the UK,” he noted.
The ADCB-Nomo and Al Hilal-Nomo apps will give customers the ability to spend fee-free globally in six currencies (GBP, USD, AED, EUR, KWD and SAR), send money fee-free to UK bank accounts, and save in UK-based Fixed Term Deposits in GBP and USD.
“Customers will also have the opportunity to get finance to help them buy properties in the UK as an investment or as a second home,” noted Eraiqat.
Boubyan Vice-Chairman and Group CEO Adel Abdul Wahab Al Majed said ADCB is a market leader in GCC banking when it comes to excellence, security and innovation, and it’s a hugely exciting prospect to be partnering with them.
“Our collective mission is to give customers in the UAE unique opportunities to invest and manage their wealth internationally, simplifying complicated banking processes and avoiding high cross-border fees. The ADCB-Nomo and Al Hilal Nomo apps will make this a reality,” he added.
