Emirates NBD has signed a MoU with Nasscom, India’s premier trade association for the technology sector.
The agreement, signed during the Dubai Fintech Summit, aims to strengthen cross-border collaboration in financial technology and innovation between the UAE and India.
The MoU outlines a framework to support the identification and integration of high-potential Indian fintech companies into the UAE market.
It also encourages joint research and knowledge-sharing initiatives to drive innovation in financial services.
The partnership comes as bilateral trade between the UAE and India reached US$83.6 billion in the financial year 2023–2024.
According to Emirates NBD, the collaboration will contribute to the bank’s efforts to improve digital banking services, increase operational efficiency, and offer more personalised customer experiences.
Miguel Rio-Tinto, Group Chief Digital and Information Officer at Emirates NBD, said:
“By forging a digital bridge between the UAE and India, we are poised to unlock a wealth of cutting-edge solutions that will enhance our customer experiences and drive the future of financial services. We are excited to collaborate with Nasscom and leverage the immense potential of the Indian fintech ecosystem to unlock even greater value for our customers.”
Rajesh Nambiar, President of Nasscom, commented:
“By combining India’s vibrant fintech capabilities with the UAE’s forward-looking financial landscape, we are setting the stage for a new era of co-innovation, digital transformation and inclusive growth.”
Featured image credit: Edited by Fintech News Middle East, based on image by rawpixel.com via Freepik
