Zand Bank PJSC Market Research Report
Company Overview
Name
Zand Bank PJSC
Mission of the Company
- Revolutionize the finance world with innovation, AI, and Blockchain technology
- Deliver client-centric solutions that bridge TradFi and DeFi, empowering UAE and global corporate, institution, and wealth clients to thrive in the evolving digital economy
- Build the treasure of the future for clients
- Be the most pioneering AI-powered digital bank
- Embrace the digital assets ecosystem
- Integrate TradFi and DeFi
- Provide secure, efficient, and personalized experiences
- Be the most sustainable bank
Founding and History
- Founded in: July 2022
- Licensed by: Central Bank of the UAE
- Headquartered at: Emaar Square, Building 6, Level 1, P.O. Box 62593, Dubai, UAE
Founders
No information is available.
Key People
- Chairman: Mohamed Alabbar
- Vice Chairman: Mohammed Almazrouei
- Board Members:
- Hamad Aldarwish
- Adnan Abdulfattah
- Raja Al Mazrouei
- Talha Alhashimi
- Gregory Johnson
- Yousuff Ali
- Sushil Agarwal
- CEO: Michael Chan
Headquarters
Emaar Square, Building 6, Level 1, P.O. Box 62593, Dubai, UAE
Number of Employees
No information is available.
Revenue
No information is available.
Known For
Zand is known for being the UAE’s first digital bank and for its innovative approach integrating AI and blockchain technology, offering personalized and seamless banking experiences for both local and global corporate and wealth customers.
Products
Transaction Banking
- Aimed at helping clients build a treasury of the future
- Powers tech-forward financial platforms
- Offers enhanced financial solutions
Global Market
- Provides treasury and FX services
- Serves regional and multinational corporates
Digital Asset Solutions
- Offers a suite of digital asset solutions
- Includes AI-powered risk analytics
- [Coming Soon]
Wealth Management
- Provides conventional and alternative investment products
- Has AI-powered investment research services for elite and affluent clients
- [Coming Soon]
ESG Solution
- Provides data, AI, and WEB3 infrastructure
- Identifies high-quality and high-impact carbon credits
- Empowers clients to invest confidently in the carbon market
- [Coming Soon]
Recent Developments
New Partnerships & Collaborations
- Zand Bank & Taurus Partnership: Enhances digital asset infrastructure with advanced custody and tokenization solutions (02 July 2024)
- Zand and Mantra MoU: Aims to streamline and develop asset tokenization and the distribution of Real-World Assets RWAs (05 June 2024)
- Zand Partners with Infosys Finacle: Uses Infosys Finacle's Corporate Banking Suite on Microsoft Cloud to deliver new-age banking experiences (03 April 2024)
- Zand and Transguard Group MoU: Aligns both entities with the UAE's strategic vision to transition to a digital economy (04 March 2024)
- MoU with Real Estate Regulatory Agency: Approved bank authorized by DLD to oversee real estate development escrow accounts and offer associated services (09 January 2024)
- FOMO Pay Partnership: Facilitates cross-border payments, enhancing financial connectivity between Asia and MENA (13 December 2023)
- ADGM Partnership: Supports technology SMEs in Abu Dhabi (21 February 2023)
Leadership Changes
- Executive Leadership Change Announced: (11 October 2022)
Licensing and Major Milestones
- Central Bank Licence and Initial Customer Onboarding: (05 July 2022)
- Announcement of Board of Directors: (01 July 2022)
- Acquisition of Dubai Bank Majority Stake: (20 December 2021)
No information is available for other relevant aspects.
