Financial news

Emirates NBD, a banking group for the Middle East, North Africa and Türkiye (MENAT) region, has joined the Dubai FinTech Summit, organised by Dubai International Financial Centre (DIFC), as a premium banking partner, underscoring its dedication to driving innovation in the financial sector.

By becoming a premium banking partner of the event, which begins on 6 May 2024, Emirates NBD continues its existing collaboration with the DIFC Innovation Hub. This partnership has played a pivotal role in translating innovative concepts into tangible prototypes, successfully integrating numerous solutions that enhance customer experiences in the evolving digital era.

Emirates NBD’s commitment to supporting innovation in fintech comes in the form of various industry partnerships with start-ups and accelerators. As well as this, the bank takes the next step to actively invite global fintech players to join forces in the collaborative development of cutting-edge products and services for its diverse customer base.

The official partnership agreement occurred in the presence of Arif Amiri, CEO of DIFC Authority and Abdulla Qassem, group CEO at Emirates NBD during the DFS dialogues last month, when industry leaders set the agenda for the upcoming second edition of the Dubai FinTech Summit.

Mohammad Alblooshi, CEO of DIFC Innovation Hub, said: “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.

“Our collaboration is pivotal in nurturing a thriving FinTech ecosystem that attracts and supports the growth of innovative companies. We look forward to delivering an exceptional event that will inspire and empower the fintech community.”

Backing fintech growth in Dubai

Marwan Hadi, group head of retail banking and wealth management at Emirates NBD, also commented on the partnership: “This collaboration signifies our commitment to fostering innovation and excellence in the financial sector, together with our long-time strategic partner, DIFC.

“We look forward to contributing to an event that not only showcases the latest innovations in fintech, but also paves the way for future advancements, instrumental in driving forward the financial technology landscape, both regionally and globally.”

In line with the D33 Agenda to position Dubai as one of the top four global financial hubs by 2033, the second edition of the Dubai FinTech Summit is designed to encourage cross-border collaboration and innovation, pivotal to transforming the global fintech sector.

It also presents a unique opportunity to explore emerging fintech trends and their potential to drive financial progress in the MEASA region.

Dubai Fintech Summit 2024 expects to welcome 8,000 decision-makers, over 300 thought leaders and more than 200 exhibitors showcasing cutting-edge technologies.