back Back

Emirates Islamic partners with Plug and Play Abu Dhabi to accelerate FinTech innovation in the UAE

By Leandra Monteiro

February 08, 2023

  • Emirates Islamic
  • FinTech
  • FinTech Accelerator

Emirates Islamic, Plug and Play Abu Dhabi Emirates Islamic, an Islamic financial institution in the UAE, has launched a global FinTech accelerator campaign in collaboration with an innovation platform, Plug and Play Abu Dhabi.

The campaign is a call to action for Islamic FinTechs and financial startups with propositions that can enhance customer journeys across SME financing, trade finance and financial wellbeing.

This builds on Plug and Play Abu Dhabi’s partnership with the banking Group. Earlier last year, Emirates NBD had partnered with the platform to boost its open innovation ecosystem globally.

The FinTech accelerator campaign will enable the bank to deliver differentiated offerings with the support and co-creation of solutions with leading FinTech players that operate in the Islamic FinTech space.

Through Plug and Play Abu Dhabi’s global network, Emirates Islamic will extend its Islamic FinTech collaboration to a wider reach of FinTech accelerators from around the world. The campaign aims to serve Emirates Islamic’s priority areas, in which Plug and Play Abu Dhabi will actively screen global start-ups that best fit Emirates Islamic’s business needs.

Mohammad Kamran Wajid, Deputy Chief Executive Officer at Emirates Islamic, said, “The FinTech accelerator journey is one we embark on with pride. With the support of global innovation leaders Plug and Play, we aim to create a robust ecosystem of financial innovators and game changers that further our exploration into the potential of FinTech capabilities. Emirates Islamic continues to embrace emerging technologies to further the impact of Islamic finance across the globe, supporting the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, to make Dubai the global capital of the Islamic banking industry.”

Saeed Amidi, Chief Executive Officer and Founder, Plug and Play Tech Center, said, “We are delighted to collaborate with Emirates Islamic and support UAE’s mission in driving innovation and providing cutting-edge FinTech solutions. Through this collaboration, we hope to spur the development of new ideas and technologies that can help streamline the banking process for SME’s, digitise the trade finance process, and personalise financial well-being. Together, we will create a more inclusive and secure financial landscape for the people of the UAE and customers of Emirates Islamic.”

Previous Article

February 07, 2023

Encore Bank selects Q2 to accelerate its commercial digital banking innovation

Read More
Next Article

February 08, 2023

Trustly, Cross River, and PointsBet partner to offer Instant Payouts in the US

Read More

IBSi Daily News Analysis

cloud adoption, MENA, UAE

May 26, 2023

Emirates Islamic

Cloud adoption to boost UAE economy to $181bn by 2033

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

May 25, 2023

Union Bank of India partners with Intellect to bolster transaction banking

Read More

May 22, 2023

LuLu Exchange Bahrain partners with AFS for BPay, debit card payments

Read More

May 16, 2023

Meydan Free Zone signs MoU with ADIB

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q1 2023

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q1 2023

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q1 2023

£1,500.00 / year

Know More
Treasury & Capital Markets Systems Report Q1 2023

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2022