Emirates NBD has partnered with global innovation platform Plug and Play Abu Dhabi to launch a fintech accelerator programme focused on risk management.
The bank is focused on 3 challenge statements, the first being cyber risk to enhance the protection of customers’ sensitive data and prevent costly data breaches.
The second challenge looks into credit risk to enable risk assessment for retail clients by leveraging data and new technologies that fit with the regulatory environment and risk appetite while developing more accurate credit risk models for better and faster lending decisions.
The last problem statement would be to identify and mitigate conduct risks by aggregating different sources of communication and classifying behaviours for a comprehensive and cost-effective approach.
Multiple shortlisting rounds will be held with applicants to evaluate their offerings and alignment with the challenge statements, which will then culminate in a demo day and solution deep-dive with business leaders.
Abdulla Qassem, Group Chief Operating Officer, Emirates NBD,, commented,
“We are excited to be continuing our strategic partnership with global innovation giant Plug and Play Abu Dhabi. Once again, we are presented with the opportunity to explore fintech capabilities in collaboration with innovation-driven startups from around the globe, igniting potential to develop solutions that streamline operations while significantly enhancing the customer-centricity of our offerings.”
Omeed Mehrinfar, Managing Partner, Plug and Play EMEA said,
“We are excited to continue our partnership with Emirates NBD in their mission to enhance their risk management and cyber security models. Our call for leading fintechs with unmatched technology expertise is a testament to our commitment to finding innovative solutions for the financial industry.”
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