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Digital Transformation in the UAE Banking Sector: A Case of Emirates NBD

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LEARNING OBJECTIVES

  1. Understand the drivers and challenges of digital transformation in the banking sector, with a focus on the UAE.
  2. Explore the strategies and initiatives that Emirates NBD employed to lead digital innovation in the UAE banking industry.
  3. Evaluate the impact of digital transformation on customer experience, operational efficiency, and competitive advantage.
  4. Assess the role of leadership in fostering a culture of innovation and managing change during digital transformation.
  5. Identify the best practices for implementing digital solutions in a highly regulated and competitive environment.

 

ADDITIONAL REFERENCES/READINGS BY THE AUTHOR

Description

OVERVIEW

In 2017, Emirates NBD, one of the largest banking groups in the Middle East, announced a bold new strategy: a commitment to invest AED 1 billion over three years in digital transformation. The goal was ambitious—to become the most innovative digital bank in the region. This initiative marked a significant shift in the UAE banking sector, where traditional banking practices had long dominated. As the world moved towards digitalization, Emirates NBD recognized that the future of banking lay in technology-driven solutions that could enhance customer experience, increase operational efficiency, and secure a competitive edge in an increasingly crowded market.

UN SDGs:

SDG 8: Decent Work and Economic Growth, SDG 9: Industry, Innovation, and Infrastructure, SDG 17: Partnerships for the Goals