Mashreq, a prominent financial institution in the MENA region, has […]

Mashreq has invested in NymCard, the Middle East’s Banking-as-a-Service provider, in order to promote the UAE’s thriving FinTech sector and the next generation of innovators, said a company statement. Through NymCard’s contemporary open APIs, it will enable fintechs of all sizes to establish business propositions that require payment card capabilities. The deal’s terms were not made public.

Muffazzal Kajiji Head of Mashreq Gold said: “At Mashreq Bank, we are committed to leveraging innovative solutions to offer our customers the best products in a seamless and efficient manner. Turtlemint, with its expertise in building insurance distribution platforms and deep knowledge of insurance solutions, was a natural choice for Mashreq Bank to consider for this platform”.

Mashreq was founded on the importance of building strong, long-term relationships, and we see the addition of conversational AI as the next technological leap forward in relationship banking. Our customers have come to expect world-class customer service from us, and with Kore as our conversational AI provider, we hope to not only meet, but surpass their expectations.