Dubai: A new chapter in Dubai’s banking sector has begun with the opening of Transguard’s Cash Deposit Centre (CDC) in the world’s largest shopping mall. Conveniently located in the banking district of The Dubai Mall, the CDC is Transguard’s latest offering for the banking and retail industries.
“Transguard’s strength is to offer solutions that allow our customers to focus on their core business,” explained Dr. Abdulla Al Hashimi, CEO of Transguard Group. “By offering a separate facility specifically tailored for daily cash deposits, we’re allowing banks to focus on their consumer market while we handle the more labour intensive and time-consuming part of their business.”
The company’s second Cash Deposit Centre after the Gold Souk, The Dubai Mall location acts as a teller counter for multiple banks, a time-saving alternative to standing in long bank queues to make a deposit. The result is faster service for everyone: Corporate and SME depositors can quickly deposit the day’s receipts in the CDC, while individual bank branches will experience queue reductions and because of that, additional opportunities to provide better customer service.
While the CDC is capable of handling deposits for multiple banks under one roof, Emirates NBD is the first major partner in the scheme. With the bank’s flagship location just a few steps away, the collaboration is projected to have an immediate effect.
“We are proud to partner with Transguard in the opening of its second Cash Deposit Centre and are confident this new facility will enhance our offering to corporate and SME clients,” said Abdulla Qassem, Group Chief Operating Officer at Emirates NBD.
Following the successful acquisition of the UAE operations of G4S Cash Services in December 2018, the Cash Deposit Centre is Transguard’s latest initiative for the banking sector, with more to follow. “The cash management sector is a vibrant one, and we’re currently exploring a number of potential solutions that will add even more convenience and accessibility to the UAE’s banks and their customers,” said Greg Ward, Transguard’s Managing Director.
Transguard’s Cash Deposit Centre is located on the Lower Ground level of The Dubai Mall near Grand Parking; it is open six days a week (excluding Fridays and public holidays) from 10am to 10pm.
-Ends-
Caption: Transguard’s Managing Director, Greg Ward (left) joins the company’s CEO, Dr. Abdulla al Hashimi, to celebrate the opening of the Cash Deposit Centre in The Dubai Mall.
About Transguard Group:
Established in 2001, Transguard Group is an Emirates Group and Al Hail Holding company with an available workforce of 70,000. Offering flexible solutions for all of the UAE’s staffing needs, Transguard is the region’s most trusted expert in security, facilities management, cash services and white collar staffing – and much more in between. With an annual turnover of approximately AED 2.8 billion in 2018, Transguard’s expertise is in supplying the right people for its clients, precisely when and where they’re needed. To learn more about the many ways Transguard is helping the UAE’s businesses grow, visit www.transguardgroup.com.
For interview opportunities and more information:
Lena ter Laare, Head – Marketing & Communications
Email: lena.terlaare@transguardgroup.com
Mobile: +971 (0)50 899 7953
About Emirates NBD
Emirates NBD is a leading banking Group in the region. As at 31st December 2018, total assets were AED 500.3 Billion, (equivalent to approx. USD 136 Billion). The Group has a significant retail banking franchise in the UAE and is a key participant in the global digital banking industry, with over 90 per cent of all financial transactions and requests conducted outside of its branches. The bank was declared the Most Innovative Financial Services Organization of the Year at the 2017 BAI Global Innovation Awards.
The bank currently has 230 branches and 1069 ATMs and SDMs in the UAE and overseas and a large social media following, being the only bank in the Middle East ranked among the top 20 in the ‘Power 100 Social Media Rankings’, compiled by The Financial Brand. It is a major player in the UAE corporate and retail banking arena and has strong Islamic Banking, Global Markets & Treasury, Investment Banking, Private Banking, Asset Management and Brokerage operations.
The Group has operations in the UAE, the Kingdom of Saudi Arabia, Egypt, India, Singapore, the United Kingdom and representative offices in China and Indonesia.
The Group is an active participant and supporter of the UAE’s main development and community initiatives, in close alignment with the UAE government’s strategies, including financial literacy and advocacy for inclusion of People with Disabilities under its #TogetherLimitless platform. Emirates NBD Group is an Official Premier Partner of Expo 2020 Dubai. For more information, please visit: www.emiratesnbd.com
For further information on Emirates NBD, please contact:
Ibrahim Sowaidan
Senior Vice President
Head - Group Corporate Affairs
Emirates NBD
Telephone: +971 4 609 4113 / +971 50 6538937
e-mail: ibrahims@emiratesnbd.com
Tricia Kaul
asda’a bcw; Dubai, UAE
Tel: 971-4-4507600; Fax: 971-4-4358040
Email: Tricia.Kaul@bcw-global.com
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
