Abu Dhabi Commercial BankAbu Dhabi Commercial Bank (ADCB) has partnered with US-based Plug and Play to help boosts its digital transformation process.

Headquartered in Silicon Valley, Plug and Play has a global ecosystem that connects technology startups with corporations and investors globally, where they can experiment with various fintech propositions and new ways of adapting digital technology.

Its network consists of more than 10,000 startups in various disciplines worldwide, with over 280 corporate partners, and a presence in more than 25 locations globally.

“We are determined to support ADCB in achieving its digital and innovation objectives, as well as continuing to attract entrepreneurial talent from across the globe to Abu Dhabi,” said Omeed Mehrinfar, Managing Partner, Middle East at Plug and Play.

ADCB Group is a UAE based banking group, which is 60.2% owned by the Government of Abu Dhabi through the Abu Dhabi Investment Council.

“ADCB is committed to developing innovative products and services that not only help in streamlining processes but also ensure meaningful interventions focused on the customers’ needs and expectations. The partnership comes at an exciting time for the UAE’s financial services industry when technology like artificial intelligence, robotics, machine learning and data analytics offer many new opportunities,” said Siddiqa Abbas, ADCB’s Group Chief Operations Officer.

by Krishna V Kurup
Senior Market Analyst at IBS Intelligence