Emirates NBD has marked its fifth year of engagement with DIFC FinTech Hive, the financial technology hub in the Middle East, Africa, and South Asia (MEASA) region and part of Dubai International Financial Centre (DIFC) is completing two sprints of its FinTech accelerator program.
The partnership is alive since 2017 and it claimed they are supporting start-ups to transform their ideas into working prototypes, resulting in numerous integrations. In 2020, Emirates NBD announced its integration with Norbloc, a global leader in blockchain KYC technology and participant of the 2017 FinTech Accelerator Programme, for the UAE KYC Blockchain Platform.
As part of its partnership with DIFC FinTech Hive, Emirates NBD was also a key partner of AccelerateHer, a female-focused career mentorship program targeted at developing young women in the industry professionally and personally.
Abdulla Qassem, Group Chief Operating Officer, Emirates NBD comments, “With the support of the DIFC FinTech Hive, Emirates NBD is constantly looking to discover and launch relevant FinTechs, who can help us accelerate our digital transformation journey and develop solutions that optimize not just customer experience but also our internal operations. We look forward to playing an active role in encouraging innovative partnerships in the UAE and the wider region and are excited to see further collaborations develop and thrive.”
Raja Al Mazrouei, Executive Vice President, DIFC Fintech Hive, said, “This year, Emirates NBD had access to a pool of 44 FinTech solutions and we are pleased to have hosted a pitch day for Emirates NBD to select the solutions they would like to take forward and work with. We look forward to continuing our fruitful partnership with the bank.”