Emirates NBD, Dubai's biggest lender by assets, has launched a digital wealth platform that will allow its customers to trade securities and exchange traded funds on local and global exchanges.
The platform grants investors access to more than 11,000 global and 150 regional equities, with the ability to trade on domestic bourses including the Dubai Financial Market, Abu Dhabi Securities Exchange and Nasdaq Dubai, and international markets including the New York Stock Exchange, Nasdaq and London Stock Exchange, Emirates NBD said in a statement.
The platform is embedded in the bank’s revamped mobile application ENBD X, backing up Emirates NBD's mobile-first strategy.
The bank said the recently-launched ENBD X is powered by the latest and most secure cloud technologies, guaranteeing the safety and security of its users.
Nearly 95 per cent of Emirates NBD's digital banking customers are now using services through the bank's mobile banking app, Marwan Hadi, group head of retail banking and wealth management, said.
“With the launch of the digital wealth offering, we have elevated ENBD X as a one-stop platform for both everyday banking and wealth management needs,” he said.
Digital banking services have grown in popularity as mobile transactions and FinTech services gained traction during the coronavirus pandemic, with consumers realising its advantages and flexibility.
They have also been important in helping customers gain full control when conducting transactions, managing their wealth and making investments at their convenience.
“Our goal has always been to offer customers a benchmark experience with the widest range of on-the-go digital banking services,” said Pedro Sousa Cardoso, chief digital officer for retail banking and wealth management at Emirates NBD.
The digital wealth platform, which was rolled out during Emirates NBD's 60th anniversary, offers instant onboarding to both investment account holders and new investors: after the initial set-up, investors can immediately start trading securities and ETFs after adding funds to their account.
The platform also offers a secure sign service, where users with high trading volume can update and sign investment documents to complete any trade irrespective of its complexity or value. The tool helps digital interactions between relationship managers and investors, eliminating the need to visit an Emirates NBD branch.
In addition, customers can also use the platform to review market updates related to their portfolios and see daily market movers. It also offers investment tools with historical and intraday charts including technical analysis, along with access to independent analyst ratings and fundamental data on market consensus.
Users of the platform can also create multiple watch lists to follow stocks and ETFs and track their favoured securities.
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
Terror attacks in Paris, November 13, 2015
- At 9.16pm, three suicide attackers killed one person outside the Atade de France during a foootball match between France and Germany
- At 9.25pm, three attackers opened fire on restaurants and cafes over 20 minutes, killing 39 people
- Shortly after 9.40pm, three other attackers launched a three-hour raid on the Bataclan, in which 1,500 people had gathered to watch a rock concert. In total, 90 people were killed
- Salah Abdeslam, the only survivor of the terrorists, did not directly participate in the attacks, thought to be due to a technical glitch in his suicide vest
- He fled to Belgium and was involved in attacks on Brussels in March 2016. He is serving a life sentence in France
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WTL%20SCHEDULE
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Ahmed Raza
UAE cricket captain
Age: 31
Born: Sharjah
Role: Left-arm spinner
One-day internationals: 31 matches, 35 wickets, average 31.4, economy rate 3.95
T20 internationals: 41 matches, 29 wickets, average 30.3, economy rate 6.28
Who was Alfred Nobel?
The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.
- In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
- Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
- Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
DIVINE%20INTERVENTOIN
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UAE currency: the story behind the money in your pockets
'Peninsula'
Stars: Gang Dong-won, Lee Jung-hyun, Lee Ra
Director: Yeon Sang-ho
Rating: 2/5
SPECS
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Winners
Ballon d’Or (Men’s)
Ousmane Dembélé (Paris Saint-Germain / France)
Ballon d’Or Féminin (Women’s)
Aitana Bonmatí (Barcelona / Spain)
Kopa Trophy (Best player under 21 – Men’s)
Lamine Yamal (Barcelona / Spain)
Best Young Women’s Player
Vicky López (Barcelona / Spain)
Yashin Trophy (Best Goalkeeper – Men’s)
Gianluigi Donnarumma (Paris Saint-Germain and Manchester City / Italy)
Best Women’s Goalkeeper
Hannah Hampton (England / Aston Villa and Chelsea)
Men’s Coach of the Year
Luis Enrique (Paris Saint-Germain)
Women’s Coach of the Year
Sarina Wiegman (England)
UAE currency: the story behind the money in your pockets
Explainer: Tanween Design Programme
Non-profit arts studio Tashkeel launched this annual initiative with the intention of supporting budding designers in the UAE. This year, three talents were chosen from hundreds of applicants to be a part of the sixth creative development programme. These are architect Abdulla Al Mulla, interior designer Lana El Samman and graphic designer Yara Habib.
The trio have been guided by experts from the industry over the course of nine months, as they developed their own products that merge their unique styles with traditional elements of Emirati design. This includes laboratory sessions, experimental and collaborative practice, investigation of new business models and evaluation.
It is led by British contemporary design project specialist Helen Voce and mentor Kevin Badni, and offers participants access to experts from across the world, including the likes of UK designer Gareth Neal and multidisciplinary designer and entrepreneur, Sheikh Salem Al Qassimi.
The final pieces are being revealed in a worldwide limited-edition release on the first day of Downtown Designs at Dubai Design Week 2019. Tashkeel will be at stand E31 at the exhibition.
Lisa Ball-Lechgar, deputy director of Tashkeel, said: “The diversity and calibre of the applicants this year … is reflective of the dynamic change that the UAE art and design industry is witnessing, with young creators resolute in making their bold design ideas a reality.”
SPECS
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PROFILE OF CURE.FIT
Started: July 2016
Founders: Mukesh Bansal and Ankit Nagori
Based: Bangalore, India
Sector: Health & wellness
Size: 500 employees
Investment: $250 million
Investors: Accel, Oaktree Capital (US); Chiratae Ventures, Epiq Capital, Innoven Capital, Kalaari Capital, Kotak Mahindra Bank, Piramal Group’s Anand Piramal, Pratithi Investment Trust, Ratan Tata (India); and Unilever Ventures (Unilever’s global venture capital arm)
