Nomo Bank, the digital arm of Bank of London and the Middle East (BLME), has partnered with Abu Dhabi Commercial Bank (ADCB) and Al Hilal Digital Bank to offer its services to customers in the United Arab Emirates (UAE). Under the agreement, Nomo’s digital services and products will be available to customers via the ADCB-Nomo and Al Hilal Nomo apps.
The partnership is part of Nomo’s strategy to expand its customer base in the Gulf Cooperation Council (GCC) region and to offer innovative banking solutions backed by state-of-the-art technology. Adel Abdul Wahab Al-Majed, chairman of BLME and group CEO of Boubyan Bank, said the deal with ADCB and Al Hilal Digital Bank was in line with Nomo’s expansion plans and aimed to offer specific services to certain customer segments, such as property finance.
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Nomo recently launched a multicurrency account that can be opened within seconds via its app, which customers can use to remit and transfer funds internationally without incurring fees. The account can also be linked to a Nomo card and Apple Pay. In addition, customers interested in owning residential or investment properties in the UK can apply for property finance within minutes.