United Arab Bank P.J.S.C (UAB), with a mission to consistently contribute to the overall development of the UAE has stepped forward with rise, a Dubai-based start-up, to provide access to banking services to unbanked migrants who constitute a considerable percentage of the UAE population.
This targets the UAE’s working population that does not have access to bank accounts.
rise’s growth platform is designed to empower migrants with the opportunity for financial inclusion and career development. rise is live in the domestic help segment, helping them to manage their careers and their financial plans.
With a vision to give such migrants the opportunity to grow their financial plans, UAB and rise’s partnerships will empower them to open accounts, get paid regularly, manage their money, save, and send money home.
UAB is one of the UAE’s leading banks with several awards over the past years - Genesys Award for best use of technology 2017, Best Retail Bank in the UAE, 2017 Innovation Award for driving mission critical operations. These awards recognize United Arab Bank’s innovative achievements in data management and digital transformation.
rise, a Dubai-based venture, is building a platform for migrants globally, a path to social mobility and financial inclusion. With an abundance of growth opportunities in the UAE, rise is helping UAE migrants build a path to growth by access to financial services and learning opportunities. “Fintech, growth-tech, social-tech, ultimately, we’ve built tech for empowering people, and no acronym can substitute the dignity you give people when you allow them to learn and grow.” says Padmini Gupta CEO and co-founder of rise.
United Arab Bank P.J.S.C (UAB) was incorporated in 1975 as a private joint stock company in the Emirate of Sharjah, United Arab Emirates. The bank offers its clients tailor-made financial services in both corporate and retail banking, and it has established itself as a leading financial solutions provider to the growing commercial and industrial base across the UAE.
Rise is a migrant growth management platform, helping migrants manage their money and their careers. Launched in 2016, Rise has been working with the domestic help segment in UAE, helping them grow and will soon be available to everyone in UAE seeking to build a better future. At Rise, Everyone Matters.
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© Press Release 2017