UAE AI digital banks, Zand and Yuze join forces to cater to SMEs

Yuze, a UAE-based AI-enabled digital business banking platform, and Zand, an AI and blockchain-powered digital bank in the UAE, have joined forces to provide digital business accounts to eligible SMEs, startups and entrepreneurs of all sizes in the UAE.

This strategic alliance aims to make financial services easily accessible to eligible businesses through fast onboarding, digital banking solutions and advanced business tools to manage and grow their businesses.

“The SME sector is a key growth engine driving the UAE’s economy. We are excited to announce a strategic alliance with Yuze to support the business banking needs of SMEs and startups across the UAE, with our innovative AI and blockchain technologies and client-centric digital banking solutions,” said Michael Chan, CEO of Zand.

“At Yuze we believe that when banking becomes intelligent, businesses become limitless,” said Rabih Sfeir, CEO of Yuze. “Together with Zand, we are committed to providing customer-centric and next-generation banking services to businesses in the UAE.”

Banking services are provided by Zand Bank PJSC, subject to regulatory requirements and eligibility.

As per the press release, the partnership supports financial advancement for underserved businesses in the UAE and offers innovative traditional banking solutions for businesses to thrive in the fast-evolving financial services landscape.

In 2025, Zand announced that it was the first UAE bank to provide its institutional-grade Digital Asset Custody services under its banking license. According to the LinkedIn post, “The groundbreaking offering which has been designed for corporate and institutional clients, ensures top-tier security, with private keys protected in onshore UAE Hardware Security Modules (HSMs) to meet the highest global standards.”

Zand is also offering the Zand Vault Cold Wallet crypto custody solution.