Emirates NBD partners with Plug and Play Abu Dhabi

UAE-based banking group Emirates NBD Expanded partnership with Plug and Play Abu Dhabi to leverage emerging fintech to enhance risk management capabilities, According to a press release published on Zawya.

emirates airlines NBD hopes to leverage Plug and Play Abu Dhabi’s global network to expand its fintech partnership footprint.

Plug and Play is an innovation platform that connects startups with large global corporations.

The ongoing partnership will now focus on assisting Emirates NBD Group’s risk division in addressing cybersecurity, credit and conduct risks.

Specifically, the plan will include developing solutions to protect customer data and prevent data breaches, data-driven customer risk assessments, and identifying and mitigating conduct risk.

Manoj Chawla, Group Chief Risk Officer, Emirates NBD, said: “We look forward to the innovative solutions this partnership will bring and support banks in managing risk in a rapidly changing and highly volatile economic environment.

“From cybersecurity risk to credit risk, banks must stay ahead of the curve to keep customer assets safe. Today, we have an exciting opportunity to lead the way once again and meet the growing demands of our customers.”

Omeed Mehrinfar, Managing Partner, Plug and Play EMEA, said: “We are delighted to continue our partnership with Emirates NBD on their mission to strengthen their risk management and cybersecurity model.

“We look forward to working with these fintech companies on proposals that will create a better, safer future for their customers and the industry as a whole.”

Plug and Play connects startups with large global corporations.