Emirates NBD announces partnership with Hub71 to accelerate FinTech innovation

Emirates NBD announces partnership with Hub71 to accelerate FinTech innovation

Published: Tue 19 Dec 2023, 4:43 PM

Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, has announced a partnership with Abu Dhabi’s global tech ecosystem, Hub71, to empower customers with FinTech solutions.

The partnership opens doors to an array of possibilities that include expanding market reach to Abu Dhabi and introducing innovative financial solutions that cater to evolving customer needs, strengthening the bank's commitment to driving industry-wide advancements.

Abdulla Qassem, group chief operating officer at Emirates NBD, said: “This collaboration marks a significant step towards elevating customer experiences as Emirates NBD Bank harnesses the entrepreneurial spirit of Hub71 to offer tailored solutions and streamlined services for our valued customers.”

Hub71 has onboarded more than 260 startups, which have collectively raised nearly Dh5 billion since its inception in 2019. The global tech ecosystem provides the world’s most promising startups with incentives, programs and access to a vibrant community with a network of more than 140 local and regional corporate, government and investment partners to support their development and growth from Abu Dhabi to international markets. The UAE leads the Middle East and North Africa (MENA) FinTech market, reaching a record-high investment of $2.5 billion in 2022.

Ahmad Ali