Close Menu
TheKhaleejPost
    What's Hot
    Business

    CarbonSifr and Rixos Hotels Launch Strategic Partnership in Eco Hospitality

    Culture

    Taste the Flavours of Ramadan by the Canal at Gulf Court Hotel Business Bay

    Business

    Premier ride-hailing app Yango launches in Abu Dhabi for seamless city connectivity

    Important Pages:
    • Home
    • Privacy Policy
    • Terms & Conditions
    Facebook X (Twitter) Instagram Pinterest
    Facebook X (Twitter) Instagram Pinterest
    TheKhaleejPost
    • Home
    • Technology

      Terra Drone and Aramco Forge Strategic MOU to Advance Drone Innovation and Localization in Saudi Arabia

      Panasonic AG-CX370 4K Camcorder enhances mobility for IP-based live productions

      Ericsson announces changes to the Executive Team and to the Market Area structure

      CNTXT AI Launches TestAI: The GCC’s First AI Readiness Platform to ensure trustworthy and scalable AI Voice Agents

      A1RWATER and Umm Al Emarat Park Partner to Advance UAE’s Sustainability Goals with Innovative Air-to-Water Technology

    • Business

      Innovative Startups and SMEs Fund (ISSF) Invests USD 3 Million in Antler MENAP Fund

      Abu Dhabi’s arbitrateAD recognised by the GAR Awards in Paris

      ESET Recognized as Finalist in SC Awards for Cutting-Edge Ransomware Remediation

      Amazon Web Services (AWS) collaborate with Manara develop cloud talent across MENA

      Pearson Launches Smart Lesson Generator: AI-Powered Innovation to Transform Lesson Prep for Educators

    • Submit A Press Release
    TheKhaleejPost
    Home » Zand Bank Collaborates with Alibaba Cloud and Ant Digital Technologies to Accelerate Adoption of Generative AI, Blockchain and Payment Technology
    Business

    Zand Bank Collaborates with Alibaba Cloud and Ant Digital Technologies to Accelerate Adoption of Generative AI, Blockchain and Payment Technology

    Facebook Twitter Pinterest WhatsApp
    Share
    Facebook Twitter Pinterest WhatsApp

    Zand Bank, the first fully licensed all-digital bank in the United Arab Emirates, has announced its collaboration with Alibaba Cloud, digital technology and intelligence backbone of Alibaba Group and Ant Digital Technologies in the Middle East region through a signed MoU.  Zand Bank empowers UAE and global corporate, institutional, and wealth clients to unlock new opportunities, foster sustainable growth, and drive positive impact in the digital economy. The collaboration will focus on Generative AI use cases and Fintech solutions including Real World Assets, E-Wallet, mPaas and other services.about:blank

    Michael Chan, CEO at Zand commented: ”We are thrilled to collaborate with Alibaba Cloud and Ant Digital Technologies to accelerate the applications of Generative AI, Blockchain and Payment Technology. This partnership represents a step forward in our journey to use generative AI to build Zand Bank’s AI Agent platform to boost the productivity of customer support, compliance and coding. This collaboration supports our AI powered banking businesses and UAE’s Digital Economy Strategy to double the sector’s contribution to the nation’s GDP over the next decade.”

    Commenting on this collaboration, Eric Wan, General Manager of the Middle East, Turkey and Africa, Alibaba Cloud Intelligence said: “As digital technologies are reshaping how we live and work in the era of AI, we are thrilled to join hands with Zand Bank in accelerating the adoption of advanced digital technologies such as Generative AI, Blockchain, and cutting-edge payment solutions in the Middle East. As a leading cloud service provider, Alibaba Cloud is committed to supporting local businesses in the region on their digital transformation journey through our robust infrastructure and innovative solutions. Together with Zand Bank, we look forward to shaping a more digitally-enabled future in the Middle East.”

    Lily Peng, General Manager of International Business at Ant Digital Technologies, stated, “As our technology, products and business are going global, we are thrilled to collaborate with Zand Bank, a prominent banking group with extensive influence in the Middle East region. We will provide one-stop digital banking solutions, technology products such as mPaaS, ZOLOZ, and SOFA in close collaboration with Alibaba Cloud. Together with Zand Bank, we aim to explore the vast potential of the Middle East in the digital economy. ”

    About Zand:
    Zand is a fully licensed bank by the Central Bank of UAE since July 2022. Our mission is to enable our UAE and global corporate, institutional, and wealth clients to unlock new opportunities, foster sustainable growth, and drive together positive impacts in the evolving digital economy.  Think beyond banking; think Zand, where infinite opportunities await.

    About Ant Digital Technologies:

    Ant Digital Technologies is the technology commercialization business division of the Ant Group, which started independent operation in April 2024. Ant Digital Technologies originated from AntChain and has the leading technologies and patents in the field of blockchain globally. It has continuously developed several commercialized product brands such as ZOLOZ, mPaaS, and ZAN, with representative technological capabilities and businesses that are always committed to helping enterprises better embrace the digital age.

    About Alibaba Cloud:

    Established in 2009, Alibaba Cloud (www.alibabacloud.com) is the digital technology and intelligence backbone of Alibaba Group. It offers a complete suite of cloud services to customers worldwide, including elastic computing, database, storage, network virtualization services, large-scale computing, security, big data analytics, machine learning and artificial intelligence (AI) services. Alibaba has been named the leading IaaS provider in Asia Pacific by revenue in U.S. dollars since 2018, according to Gartner. It has also maintained its position as one of the world’s leading public cloud IaaS service providers since 2018, according to IDC.

    Share. Facebook Twitter Pinterest WhatsApp
    Previous ArticleADSB Partners with LACROIX to Equip RABDAN FA-400 with Advanced Decoy System
    Next Article Dubai real estate on course to pass AED500 billion milestone in 2024

    Related Posts

    Business

    Innovative Startups and SMEs Fund (ISSF) Invests USD 3 Million in Antler MENAP Fund

    Culture

    Earth Day Mangrove Planting with EEG & UAQ Municipality

    Culture

    A.R.M. Holding Children’s Programme launches fifth edition on World Creativity and Innovation Day

    Business

    Abu Dhabi’s arbitrateAD recognised by the GAR Awards in Paris

    Culture

    Celebrate Easter Magic at Bahi Ajman Palace Hotel

    Business

    ESET Recognized as Finalist in SC Awards for Cutting-Edge Ransomware Remediation

    Business

    Amazon Web Services (AWS) collaborate with Manara develop cloud talent across MENA

    News

    Ben Sulayem says Saudi Arabia has played major part in giving Arab world long-term F1 future

    Add A Comment
    Leave A Reply Cancel Reply

    Stay In Touch
    • Facebook
    • Twitter
    Top Picks
    Business

    Nissan Altima celebrates 30 years in the Middle East

    Amman, Jordan (May 2023) – Following the regional launch of the new 2023 Nissan Altima,…

    Saudi Arabia’s Quantum raises investment from HearstLab

    Longevity Wellness Hub Invests $4 Million to Drive GCC Expansion and Redefine Personalized Wellness Through Quantum Frequency Tech and Innovation

    Revolutionizing Footwear in the UAE

    Pizza Hut Gaming ME Celebrates One Year Anniversary with Successful Collaborations and Achievements in 2022

    Stay ahead with TheKhaleejPost, your premier destination for breaking news, analysis, and in-depth coverage across the Gulf region and beyond. Discover diverse viewpoints, stay informed, and delve into the stories shaping our communities and world.

    Facebook X (Twitter)
    Categories
    • Business (263)
      • Career (1)
      • Management (5)
      • Startup (10)
    • Culture (63)
    • Entertainment (29)
      • Celebrity (3)
      • Movies (2)
      • TV Shows (1)
    • News (62)
    • Politics (12)
    • Technology (56)
      • Phones (2)
      • Science (1)
    • Videos (10)
    Our Picks
    Business

    Dubai real estate on course to pass AED500 billion milestone in 2024

    News

    NORD ANGLIA INTERNATIONAL SCHOOL ABU DHABI SETS NEW STANDARDS IN PREMIUM EDUCATION WITH INNOVATIVE METIME AND ENRICHMENT PROGRAMMES

    News

    Saudi Arabia Convenes Arab States Ministerial to Bolster Drought Resilience and Land Restoration

    © 2025 TheKhaleejPost.
    • Home
    • About Us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Type above and press Enter to search. Press Esc to cancel.