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1/15/24, 9:18 AM UAE's biggest banks turn apps into stock trade platforms - is this next big battle in financial services? | Banking – Gulf News
CES 2024: The most interesting news and gadgets from tech's big show

Look: India’s longest sea bridge in Mumbai
Dubai: Want to buy a trending stock on DFM or ADX? Just open the banking app on

your phone…

The leading banks in the UAE – including the new-gen digital-only ones – are
upgrading their apps and the services these can offer to tap into the swelling interest to

buy and trade stocks among UAE residents.

Some of them are even allowing users to do so on zero commissions – and without

having to take their NIN (National Investor Number). All this while offering a

compelling enough ‘user experience’ for app users.

In recent weeks, top-notch banks in the UAE have all gone in for updates/upgrades to

their consumer apps. The rationale is quite straight-forward: not only do the banks

want clients to open the app for meeting their financial needs, they also want them

using it to trade in stocks. Whether that’s UAE stocks, overseas ones, or just park funds
in mutual funds.

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