Emirates NBD continues strategic partnership with Plug And Play Abu Dhabi

Emirates NBD, a banking group in the MENAT (Middle East, North Africa and Turkey) region, continuing its strategic partnership with Plug and Play Abu Dhabi, the world’s largest innovation enabler, this time looking to fintech to support the bank in its risk management space. The event called for proposals from leading fintech companies with unparalleled technical expertise that could enhance banks’ risk management and cybersecurity models.

The collaboration further builds on Plug and Play Abu Dhabi’s longstanding partnership with the banking group. Most recently, Emirates Islamic partnered with the platform to drive innovation in Islamic banking. In 2022, Emirates NBD is also partnering with the platform to drive its open innovation ecosystem globally.

Through Plug and Play Abu Dhabi’s strong global network, Emirates NBD extends its fintech collaboration footprint to a wider range of global cutting-edge technology players. The ongoing collaboration will now focus on supporting the requirements of Emirates NBD Group Risk in three key opportunity areas:

Cyber ​​Security Risks – Develop cutting-edge recommendations to protect customers’ sensitive data and prevent costly data breaches.

Credit Risk – Conduct risk assessments for retail clients using data and new technologies appropriate to the regulatory environment and risk appetite, while developing more accurate credit risk models for better and faster lending decisions.

Conduct Risk – developing solutions to identify and mitigate conduct risk in a comprehensive and cost-effective way by aggregating disparate sources of communication and categorizing behavior.

Manoj Chawla, Group Chief Risk Officer, Emirates NBDsaid: “We look forward to the innovative solutions brought about by this cooperation to support banks in managing risks in a rapidly changing and highly volatile economic environment. From cybersecurity risks to credit risks, banks must stay ahead to ensure the safety of customer assets. Today, we have an exciting opportunity to once again lead the way and meet the growing demands of our customers.”

Abdulla Qassem, Group Chief Operating Officer, Emirates NBDcommented: “We are excited to continue our strategic partnership with global innovation giant Plug and Play Abu Dhabi. We have another opportunity to collaborate with global innovation-driven start-ups to explore fintech capabilities and inspire the development of solutions that streamline operations.” potential while significantly enhancing the customer-centricity of our products.”

Omeed Mehrinfar, Managing Partner, Plug and Play EMEAsaid: “We are delighted to continue working with Emirates NBD to strengthen their risk management and cybersecurity model. Our call for a leading fintech company with unparalleled technical expertise is a testament to our commitment to finding innovation for the financial industry The promise of solutions. We look forward to working with these fintech companies on propositions that will create a better, safer future for their customers and the industry as a whole.”

For more information on how to apply, visit the Emirates NBD FinTech events page. Applications will be made through the Plug and Play Abu Dhabi Application Portal.