The New Digital Bank In The UAE, Has Been Licensed By The Central Bank

 The New Digital Bank In The UAE, Has Been Licensed By The Central Bank
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Vio, the new digital bank in the UAE, has been licensed by the Central Bank. Salem Al Nuaimi has been appointed Chairman of the Board of Vio Bank, an integrated digital banking platform, and Jayesh Patel has been appointed Chief Executive Officer. Appointment is after license approval. Co-owned by Abu Dhabi Holding Company (ADQ), Alpha Dabi, Etisalat and First Abu Dhabi Bank (FAB), Vio has an initial capital of AED 2.3 billion. As chairman of Vio, Al Nuaimi will focus on designing the platform. “I am delighted to be part of the strong and talented team behind working to bring this innovative digital banking journey to customers in the UAE,” Al Nuaimi said. 

Develops its financial and financial capabilities in collaboration with other fintech startups and industry leaders to facilitate banking services across the country and deliver the full digital banking experience to customers without interruption.

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