Formerly as “AB Accelerator”. A key pillar in Arab Bank’s digital innovation strategy, AB Xelerate was set up in 2018 as a core unit within the Innovation Department. AB Xelerate demonstrates Arab Bank’s commitment to harness innovation and financial technology, which are swiftly pushing financial services to a new frontier. AB Xelerate leverages Arab Bank’s customer base and network across MENA and integrates innovative financial solutions into its value chain to re-imagine and improve the way it serves its customers. AB Xelerate invests globally in early-stage technology-driven startups, whose business model provides innovation that can disrupt or expand the financial services industry. We’re looking to partner with startups whose value proposition has the potential to improve our business processes, our customer relationships, and our infrastructure.
