Dubai’s largest lender is looking for startups to join the metaverse craze

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Emirates NBD launched a global accelerator program for startups with a focus on metaverse technologies as it bids to “transform the future of banking.”

The ten-week programme, organised in collaboration with Fintech Hive, will see startups pitch financial technology ideas that the bank could use to develop new products. “With our entry into the metaverse, we hope to reimagine financial services using extended reality and create compelling new propositions for our customers in the new metaverse economy,” the bank’s retail banking head said in a statement on Wednesday. It is the first time that Emirates NBD, Dubai’s largest lender, has expressed interest in the metaverse, which has gained traction in the UAE in recent months following the launch of the Dubai Metaverse Strategy.

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Dubai’s largest lender is looking for startups to join the metaverse craze

Emirates NBD launched a global accelerator program for startups with a focus on metaverse technologies as it bids to “transform the future of banking.”

The ten-week programme, organised in collaboration with Fintech Hive, will see startups pitch financial technology ideas that the bank could use to develop new products. “With our entry into the metaverse, we hope to reimagine financial services using extended reality and create compelling new propositions for our customers in the new metaverse economy,” the bank’s retail banking head said in a statement on Wednesday. It is the first time that Emirates NBD, Dubai’s largest lender, has expressed interest in the metaverse, which has gained traction in the UAE in recent months following the launch of the Dubai Metaverse Strategy.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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