Dubai: A new full-scale digital bank - 'Zand' - is set to open in the UAE - and becoming the "first in the world" to offer both retail and corporate banking services. In a statement, Mohamed Alabbar, the Chairman, said: “As the first fully independent digital bank in the country, with a full UAE banking licence,

Zand will provide innovative, effective financial solutions that help simplify businesses and lives, addressing the needs of both retail and corporate customers.”