Digital bank Zand receives UAE banking licence

Emirati digital banking start-up Zand, which provides retail and corporate services, said on Tuesday it had been granted a banking licence from the Central Bank of the United Arab Emirates.

The licence, which authorises and regulates Zand to operate as a fully independent bank, was awarded on June 30, Chief Executive and co-founder Olivier Crespin said in a statement.

Read more: Reuters