Emirates NBD joins Dubai fund to bring more AI and FinTech solutions to banking
Dubai: Emirates NBD has partnered with the Dubai Future District Fund (DFDF) to identify and test new artificial intelligence and FinTech technologies that looks to change how customers use banking services. The strategic partnership will see the bank and DFDF jointly source, identify, pilot and potentially adopt technology-driven…
Dubai: Emirates NBD and the Dubai Future District Fund (DFDF) have formed a strategic partnership to identify, test and potentially adopt innovative artificial intelligence (AI) and FinTech solutions aimed at enhancing the efficiency and quality of banking services for customers. This collaboration will see the two entities jointly source, pilot and adopt technology-driven solutions to improve various aspects of financial services, including personalized banking experiences, digital service delivery, fraud detection and security, SME banking solutions and onboarding processes.
Emirates NBD expects to benefit from DFDF's access to a portfolio of enterprise-grade FinTech and AI solutions developed by startups within its ecosystem. The partnership aligns with the UAE's growing FinTech sector, which is projected to nearly double from $3.16 billion in 2024 to $5.71 billion by 2029. By leveraging DFDF's investment in startups within the financial services and future economy sectors, Emirates NBD hopes to deliver more intelligent banking experiences, faster deployment of digital capabilities, improved fraud detection and enhanced SME banking solutions.
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