Abu Dhabi’s Judan Signals Growing Ambitions With Digital Bank

A finance firm that’s part of Abu Dhabi’s Judan Financial has converted into a digital bank, underscoring the $237 billion financial-services holding company’s growing ambitions.

Reem Finance has secured a community banking license from the Central Bank of the United Arab Emirates, according to a statement Monday. Operating as Reem Bank, it will target segments including small and medium-sized enterprises, fintechs and digital wallets.