Mashreq Bank, DMCC ink strategic partnership

SectorFinancial Services

According to a recent report, the UAE has the most active startup ecosystem in the Middle East as 33 of the 50 most-funded startups are headquartered in the emirates.The MoU with DMCC is the latest in a series of partnerships that Mashreq continues to create as it aims to support the SME eco-system with insights on financial management and banking processes related to financial practices, along with introducing DMCC members to Mashreq NeoBiz, the first digital business-banking platform in the UAE dedicated to SMEs.The two organisations established formal ties with the signing of a memorandum of understanding (MoU) that will enable DMCC to augment its service offering to its existing and new members by leveraging Mashreq’s banking capabilities. Under the terms of the MoU, Mashreq and DMCC will collaborate to more...