UAE-based Emirates NBD has introduced a new digital wealth platform to enable clients to trade securities and exchange-traded funds (ETFs) on both global exchanges and local markets.
According to the banking group, the new platform makes over 11,000 global equities and 150 regional equities available for customers to trade.
The digital wealth platform is embedded within Emirates NBD’s recently released mobile app ENBD X. This will enable users to seamlessly invest and trade in complex financial instruments from the same app that also addresses all their daily banking requirements.
Emirates NBD’s platform provides an instant three-step onboarding journey to both existing investment account holders and new investors.
The new investors are immediately sent their account details on SMS and e-mail and will be able to commence trading securities and ETFs soon after adding funds to their account via the platform’s express top-up facility.
Besides, the digital wealth platform has a special secure sign facility via which customers with high trading volume are able to update as well as sign investment documents to complete any trade irrespective of its complexity or value.
The tool also enables digital interactions between relationship managers and investors, helping to eliminate the requirement to visit the branch.
The digital wealth platform will help customers to assess market updates related to their portfolios and view market movers of the day.
It also provides users with investment tools that feature historical and intraday charts including technical analysis. Besides, users will gain access to independent analyst ratings as well as basic data on market consensus.
Furthermore, the platform provides access to a stock and ETF screener for investors looking to explore investment opportunities based on country, dividend yield sectors, analyst consensus, and other indicators.
Customers will also be able to generate multiple watchlists to follow stocks and ETFs and follow their favourite securities.
Emirates NBD retail banking and wealth management group head Marwan Hadi said: “The launch reflects the bank’s mobile-first strategy with nearly 95% of the bank’s digital banking customers availing services through the mobile banking App. With the launch of the digital wealth offering, we have elevated ENBD X as a one-stop platform for both everyday banking and wealth management needs.”
Last month, Emirates NBD announced an investment in Komgo, a software development and technology services company.
