Global innovation platform Plug and Play announced on Monday it has formed a new partnership with Abu Dhabi Commercial Bank (ADCB). ADCB will notably join Plug and Play’s global ecosystem, using the platform to support its comprehensive digital transformation strategy.
While sharing more details about the partnership, Siddiqa Abbas, ADCB’s Group Chief Operations Officer, stated:
“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. We look forward to working closely with Plug and Play to explore new ways to improve the bank’s digital capabilities and to drive meaningful innovation that delights customers every step of the way.”
Omeed Mehrinfar, Managing Partner, Middle East at Plug and Play, also commented:
“We are thrilled to announce our partnership with ADCB, one of the largest banks in the UAE. 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.”
Plug and Play went on to add it partnered with Abu Dhabi Global Market (ADGM) in 2018 and kicked off its first Fintech accelerator program in Q3 of 2018, supporting financial institutions across the region throughout their innovation journey to strengthen their competitive advantage.