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Mashreq rolls out Neo digital bank for millennials

Wednesday 4 October 2017 09:48 CET | News

Mashreq, an UAE-based bank, has announced the launch of its digital entity Mashreq Neo, confirming its future as a branchless bank.

The solution offers users an in-app enrolment process, where optical character recognition (OCR) technology scans ID and auto-fills the details. A password is then sent to the phone to confirm the application. The app also includes an “activity wall” which shows customers their recent activity in a timeline. The bank offers support via a call centre and by the Neo Chatbot which is integrated with Facebook Messenger.

Mobile financial services company Vipera assisted with the new bank launch. The UK-based company offers its Motif platform to clients in Asia, the Middle East and Europe. The platform provides three personal banking products: mobile banking, mobile payments and mobile card control.


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Keywords: Mashreq, Neo digital bank, UAE, optical character recognition, mobile banking, mobile payments
Categories: Banking & Fintech
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Countries: World
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Banking & Fintech






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