UAE-based digital business banking platform Yuze has announced a strategic partnership with AI and blockchain-enabled digital bank Zand to offer comprehensive digital business accounts. The collaboration targets eligible SMEs, startups, and entrepreneurs across the United Arab Emirates.
Streamlining SME Financial Services
This partnership is designed to provide businesses with more accessible and efficient financial services through an integrated platform. The core offering includes rapid digital onboarding, a dedicated IBAN account, and a suite of digital banking products.
Furthermore, businesses will gain access to specialized management tools via the Yuze platform, empowering them to streamline their financial operations and focus on growth.
A Strategic Alliance For Financial Inclusion
The initiative directly addresses the goal of enhancing financial inclusion for underserved businesses, which are a critical component of the UAE’s economy. By combining their respective strengths, Yuze and Zand aim to deliver innovative and necessary solutions within the nation’s evolving financial services sector.
“The SME sector is a key growth engine driving the UAE’s economy. We are excited to partner with Yuze to support the business banking needs of SMEs and startups across the UAE, with our innovative and client-centric digital banking solutions,” said Michael Chan, CEO of Zand.
“At Yuze we believe that when banking becomes intelligent, businesses become limitless,” stated Rabih Sfeir, CEO of Yuze. “Together with Zand, we are committed to providing customer-centric and next-generation banking services to businesses in the UAE.”
About Yuze
Yuze is a digital business banking platform headquartered in the UAE. It is focused on providing SMEs, startups, and entrepreneurs with intelligent and accessible financial tools, including digital accounts, payment solutions, and business management services to help them grow and manage their operations efficiently.
About Zand
Zand is one of the UAE’s first digital banks to provide both retail and corporate services. Licensed by the Central Bank of the UAE, Zand leverages AI and blockchain technology to offer innovative, secure, and client-centric banking solutions designed for a digital-first world.
Source: Fintech News AE
