Al Etihad Credit Bureau and DIFC Innovation Hub empower fintech startups

Al Etihad Credit Bureau and DIFC Innovation Hub empower fintech startups

Al Etihad Credit Bureau (AECB), a UAE federal company that provides information and analytics to support credit decisions, has signed an agreement with the DIFC Innovation Hub to foster the development of a partner ecosystem for startups across the UAE. The announcement was made at the Dubai FinTech Summit 2023 at the Madinat Jumeirah.

The collaboration agreement reinforces AECB’s position as an enabler of premium fintech solutions supported by a robust, data-driven API ecosystem, and further complements AECB’s ongoing commitment to supporting entrepreneurs, start-ups and early adopters within the UAE’s fintech sector.

As the region’s leading innovation ecosystem with over 650 FinTech and Innovation firms, ranging from start-ups to unicorns, DIFC’s regulatory framework provides the ideal platform for collaborative action. AECB will once again boost the fintech sector’s growth by enabling pathways of access to unparalleled data utility and ensuring a consistently focused environment for the development and testing of more targeted solutions.

AECB empowers fintech solutions by streamlining reliance in information to facilitate access to credit and increase financial responsibility and awareness. The bureau continues to make itself available as a platform to connect and access credit-related products which will in turn enable the DIFC Innovation Hub community to tap into new data sets to boost fintech development in the UAE market.

The strategic collaboration strengthens AECB’s role as a supporter of innovative ecosystems as the sole source of credit information in the country, facilitating access to reliable data for instant business decisions.

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