The Startupbootcamp FinTech Dubai 2019’s unit is developing new products in the space of digital payments, financial Inclusion as well as crowd-lending, risk analytics and financial education.
Thursday 11, April 2019 BY KUDAKWASHE MUZORIWA
Mashreq Bank has joined Dubai’s Startupbootcamp, a fintech programme designed to identify and nurture some of the best start-ups in the fintech industry.
Subroto Som, Mashreq Bank’s Executive Vice President and the Head of Retail Banking Group, said, “We are in the midst of our own digital transformation journey and welcome the opportunity to invest in an initiative that has the potential to deliver untold benefits to our business and our customers.”
In a statement, Startupbootcamp said that the programme will nurture a new generation of companies delivering products and services that will solve customers and business problems in the fintech space.
Additionally, start-ups joining Startupbootcamp fintech Dubai have access to an unparalleled knowledge platform made of international mentors, advisors and industry experts from the Startupbootcamp network as well as from Mashreq, Visa as well as HSBC and DIFC.
Earlier this month, Mashreq Bank said that it will close 12 of its branches by June as the lender is adopting a new branch concept that blends digital innovation with the services of a traditional branch to allow customers seamless and quick interaction.
The bank will now have different types of branches consisting of full format branches, express as well as express business, express gold and smart branches.