Commercial Bank of Dubai to Target Tech-Savvy Citizens with Digital-Only Bank
The Commercial Bank of Dubai (CBD) is getting ready to launch a mobile app-based digital bank for its clients in a bid to change the relationship between the bank and its customers, according to a report from Computer Weekly. Expected to launch early next year, the digital bank will be known as CBD NOW, which is intended to target Millennials, the generation of people who tend to carry out their day-to-day activities via their phones. According to a British Banking Association [PDF] report, in 2015 there were 11 million logins to banking apps each day compared to 4.3 million logins to....
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