Latest news with #MahendraDhillon
Mid East Info
26-03-2025
- Business
- Mid East Info
National Bank of Fujairah introduces multi-currency debit card for seamless global transactions - Middle East Business News and Information
Customer experience enhanced by making cross border payments simpler and more cost-effective. Dubai – National Bank of Fujairah (NBF) has announced the launch of its multi-currency debit card, a cutting-edge payment solution designed to enhance convenience and cost efficiency for travellers and international spenders. The new product allows customers to link a single AED debit card to multiple currency accounts, enabling seamless transactions in AED, USD, EUR, and GBP without incurring unnecessary foreign exchange conversion fees. The NBF multi-currency debit card is designed to simplify cross-border payments by automatically debiting transactions from the appropriate currency account. If a transaction occurs in an unsupported currency or if the linked currency account has insufficient funds, the card will intelligently fall back to the default AED account, ensuring uninterrupted transactions. The card can be used in international ATMs, for online payments, and in-store purchases, providing seamless access to funds from anywhere in the world, allowing customers to transact internationally with greater control and avoid additional foreign exchange markups. 'We are excited to introduce the NBF multi-currency debit card as part of our commitment to delivering innovative financial solutions tailored to our customers' evolving needs,' added Adnan Anwar, CEO at NBF. 'This card offers a cost-effective way for travellers and global spenders to manage their payments seamlessly enhancing their experience and convenience .' 'The launch of the NBF multi-currency debit card reflects our commitment to integrating smart financial technology that enhances customer convenience. This solution is built on an intelligent transaction framework that links multiple currency accounts, ensuring automatic currency matching and reducing foreign exchange costs. By embedding advanced security measures and real-time processing capabilities, we are not only simplifying global transactions but also providing customers with a hassle-free and secure digital banking experience', added Mahendra Dhillon, Chief Operations and Technology Officer at NBF. The multi-currency debit card will initially be available to holders of the NBF's Al Samy account before being rolled out to Priority account holders. Currently, multi-currency activation is only available through any NBF branch, via Relationship Manager (RM), or by calling the NBF Call Centre. Self-service activation will be enabled in the future. About National Bank of Fujairah PJSC: Incorporated in 1982, National Bank of Fujairah PJSC (NBF) is a full services corporate bank with strong corporate and commercial banking, treasury and trade finance expertise as well as an expanding suite of personal banking options and Shari'ah compliant services. Leveraging its deep banking experience and market insight within Fujairah and the UAE, NBF is well-positioned to build lasting relationships with its clients and help them achieve their business goals. NBF's key shareholders include the Government of Fujairah, Easa Saleh Al Gurg LLC and Investment Corporation of Dubai. Rated Baa1 / Prime-2 for deposits and A3 for counterparty risk assessment by Moody's and BBB / A-2 by Standard & Poor's, both with a stable outlook, the bank is listed on the Abu Dhabi Securities Exchange under the symbol 'NBF'. It has a branch network of 14 across the UAE.
Mid East Info
24-03-2025
- Business
- Mid East Info
National Bank of Fujairah achieves two ISO certifications - Middle East Business News and Information
Prestigious certification demonstrates NBF's commitment to information security and quality management. Dubai: Reaffirming National Bank of Fujairah (NBF)'s commitment to operational excellence across its business, the bank has achieved certification for two global quality standards. The certifications include ISO 27001:2022 in Information Security Management System and ISO 9001:2015 in Quality Management System. Commenting on the certifications, Mahendra Dhillon, Chief Operations and Technology Officer at NBF, said: 'This accomplishment reflects NBF's unwavering commitment to excellence in customer experience and optimal digitisation. The certification process was expertly led by the IT Governance team, with invaluable contributions from various departments, including IS&T. We extend our sincere gratitude to the Information Security team for their critical role in this success. We believe this milestone will further strengthen our capabilities and inspire us to elevate IS&T services to even greater heights.' ISO certifications are globally recognised as the leading international standards for quality, health and safety, environmental, and facilities management systems. They provide a comprehensive and reliable framework that enhances the ability of organisations to improve operational efficiency, while maintaining the highest global standards through unified and integrated processes. ISO 27001:2022 is the internationally recognised standard for managing information security risks. It provides a comprehensive framework to establish, implement, maintain, and continuously improve an organisation's information security management system. This certification reinforces NBF's commitment to protecting sensitive information, mitigating cyber threats, and ensuring data security across all business operations. ISO 9001:2015 is the globally recognised standard for quality management. It sets out the criteria for a robust quality management system, focusing on customer satisfaction, continuous improvement, and process efficiency. Achieving this certification highlights NBF's dedication to maintaining the highest standards of service quality and operational excellence. Showcasing the bank's commitment to both UAE national quality standards and international best practices, these certifications ensure NBF continues to drive excellence and innovation. The certifications are valid for three years, subject to successful completion of annual surveillance audits.
Zawya
28-02-2025
- Business
- Zawya
National Bank of Fujairah integrates NBF Direct App with UAE Pass, for enhanced security and convenience
National Bank of Fujairah (NBF) is excited to announce the integration of the NBF Direct mobile app with UAE Pass, the official digital identity solution for the UAE. This enhancement provides customers with a seamless, secure, and convenient login experience, reinforcing NBF's commitment to digital innovation and customer-centric banking. With UAE Pass integration, NBF Direct users can now enjoy instant authentication, allowing swift and secure access to NBF's full range of mobile banking services with a simplified login process. Customers who prefer existing login methods can continue to use them. Adnan Anwar, CEO of NBF, commented: "At NBF, we are constantly evolving our banking solutions to provide customers with greater convenience, security, and ease of access. The integration of UAE Pass with the NBF Direct app is a key step in this journey, ensuring a seamless and secure banking experience. Alongside this, our redesigned dashboard enhances usability, making everyday banking simpler and more efficient." In addition to UAE Pass integration, the NBF Direct app dashboard has been redesigned to offer a more intuitive and user-friendly experience. Customers can now view consolidated product balances in one place, access recent transactions and promotions more efficiently, and navigate quickly to their most frequently used functions. Mahendra Dhillon, Chief Operations and Technology Officer at NBF, added:"At NBF, we are committed to leveraging cutting-edge technology to enhance security and the user experience. The integration of UAE Pass with the NBF Direct app represents a significant milestone in our digital transformation journey. By streamlining access to our banking services with advanced digital identity solutions, we are reinforcing our commitment to innovation, cybersecurity, and customer-centric digital banking." These enhancements reaffirm NBF's dedication to delivering innovative digital solutions that align with customers' evolving needs. About National Bank of Fujairah PJSC: Incorporated in 1982, National Bank of Fujairah PJSC (NBF) is a full services corporate bank with strong corporate and commercial banking, treasury and trade finance expertise as well as an expanding suite of personal banking options and Shari'ah compliant services. Leveraging its deep banking experience and market insight within Fujairah and the UAE, NBF is well-positioned to build lasting relationships with its clients and help them achieve their business goals. NBF's key shareholders include the Government of Fujairah, Easa Saleh Al Gurg LLC and Investment Corporation of Dubai. Rated Baa1 / Prime-2 for deposits and A3 for counterparty risk assessment by Moody's and BBB / A-2 by Standard & Poor's, both with a stable outlook, the bank is listed on the Abu Dhabi Securities Exchange under the symbol 'NBF'. It has a branch network of 14 across the UAE.
