NEOBIZ Connect API integration with Virtuzone; Outstanding Digital Innovation in SME Banking Qorus Reinvention Awards - MEA 2023 - Winner

Submitted by

Mashreq Bank

Premium

07/09/2023 Banking Innovation

Making business bank account opening seamless and pain free for SMEs accross the UAE.

Innovation details

Country
United Arab EmiratesCategory
Neobanks & Specialized PlayersKeyword
SME Banking, Retail bankingTotal Cost
$1M-5M

Innovation presentation

At Mashreq, we are dedicated to removing the roadblocks from SMEs so they can get back to what they do best, running their business. That is why we have developed Mashreq NEOBIZ Connect API- a market first innovation that allows any free zone, trade license authority or business set-up consultancy to submit a full NEOBIZ account application from its own platform, enabling a one-click SME account opening, subject to approval, for the first time in the region.

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