Thu, Nov 21 2024
Emirates NBD, a banking group serving the Middle East, North Africa, and Turkey (MENAT) area, has demonstrated its commitment to advancing innovation in the financial industry by participating in the Dubai FinTech Summit, which is being organized by the Dubai International Financial Centre (DIFC), as a premium banking partner.
Emirates NBD is carrying on its partnership with the DIFC Innovation Hub by being a premium banking partner of the event, which kicks off on May 6, 2024. This collaboration has been essential in turning creative ideas into working prototypes and in incorporating a variety of solutions that improve consumer experiences in the rapidly changing digital age.
Emirates NBD is dedicated to fostering fintech innovation, as seen by the numerous industry alliances it has formed with accelerators and start-ups. In addition, the bank goes a step further and aggressively invites international fintech companies to collaborate on the joint creation of innovative goods and services for its wide range of clients.
The formal partnership agreement was signed last month during the DFS talks, when business leaders decided on the agenda for the next Dubai FinTech Summit, which was presided over by Abdulla Qassem, group CEO of Emirates NBD, and Arif Amiri, CEO of DIFC Authority.
"Emirates NBD's unwavering commitment to fintech innovation aligns perfectly with the summit's goal to bring together leading innovators shaping the future of financial technology," stated Mohammad Alblooshi, CEO of DIFC Innovation Hub.
"Our partnership is essential to fostering a vibrant FinTech ecosystem that draws and aids in the expansion of creative businesses. We are excited to provide the fintech community with an amazing event that will uplift and empower them.
supporting Dubai's fintech expansion
Another comment on the cooperation came from Marwan Hadi, group head of retail banking and wealth management at Emirates NBD: "This collaboration signifies our commitment to fostering excellence and innovation in the financial sector, together with our long-time strategic partner, DIFC."
"We're excited to be a part of an event that not only presents the newest fintech innovations but also lays the groundwork for future developments that will advance the financial technology landscape on a regional and international scale."
The goal of the second Dubai FinTech Summit edition is to promote cross-border collaboration and innovation, which are essential to revolutionizing the global fintech sector. This aligns with the D33 Agenda, which aims to establish Dubai as one of the top four global financial hubs by 2033.
Additionally, it offers a rare chance to investigate new fintech developments and how they might advance financial development in the MEASA area.
8,000 decision-makers, more than 300 thought leaders, and more than 200 exhibitors displaying cutting-edge innovations are anticipated at the Dubai Fintech Summit in 2024.
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