QNB Group has received license approval from the Saudi Central Bank (SAMA) to establish a digital-first banking entity, ezbank, in partnership with Ajlan & Bros. Holding.
The new entity will have a capital of SAR 2.5 billion.
Through ezbank, QNB aims to introduce a customer-focused banking model built on innovation, efficiency, and accessibility.
The initiative forms part of the Group’s wider efforts to reshape the banking landscape across its network, which spans more than 28 countries on three continents.
Ezbank will provide a digital-first banking experience designed to be simple, inclusive, and secure, offering tailored solutions for young people and entrepreneurs.
It will employ mobile-first platforms, AI-driven technologies, and smart risk management tools to streamline transactions, enhance access, and support the growth of the digital economy.
Featured image credit: Edited by Fintech News Middle East, based on image by CreativeDesign99 via Freepik
