Intelligent CIO Middle East Issue 79 - Page 19

NEWS

Microsoft for Start-ups MEA ’ s GrowthX Accelerator cohort 2 reaches halfway mark

communities everywhere ,” said Eng . Abdulla Abdul Aziz Al Shamsi , Acting Director General of ADIO . “ Programmes such as the GrowthX Accelerator offer them hands-on , practical training that will help them grow and scale their businesses in the shorter-term and drive further impact in the long-term .”

The second edition of Microsoft for

Start-ups ’ GrowthX Accelerator programme is halfway through completion , with the cohort of 21 start-ups gaining invaluable knowledge aimed at helping them grow and scale their businesses .
Part of a strategic partnership between the Abu Dhabi Investment Office ( ADIO ) and Microsoft for start-ups , the GrowthX Accelerator is a 12-week programme designed to bridge the gap between corporates and B2B tech start-ups across the Middle East and Africa by enabling them to work together and solve unique challenges .
“ Start-ups offer creative , innovative solutions to challenges faced in businesses and
Since commencing in March 2022 , the second edition of the program has empowered 21 B2B tech startups with hands-on training and mentorship from the Microsoft for Startups team , as well as the program ’ s Corporate Engagement Partners which include DHL , Etisalat , EY , Koç Holding , and PwC .
“ Over the past few weeks , I have been excited to see how the start-ups have leveraged the program to engage with our knowledge partners and mentors to enhance areas of their business ” said Andrew Macadam , Global Founder Success Director , Microsoft for Start-ups .

stc pay scales to eight million accounts on Temenos Open Platform

Temenos has announced that stc pay , the Middle East ’ s leading digital wallet , is live on Temenos open platform for composable banking . Temenos ’ cloud-native platform has supported stc pay to scale efficiently to more than eight million accounts .

stc pay makes it easy for customers to manage money on their smartphone , send and receive payments from anywhere around the globe , shop online and withdraw funds from ATMs .
Ahmed Alenazi , CEO , stc pay , commented : “ Powered by Temenos , stc pay can unlock the vast opportunities of digital payments in the Middle East . Temenos has enabled us to scale efficiently to grow our business sustainably and introduce new products to continuously deliver new and innovative digital experiences for customers and merchants .”
Jean-Paul Mergeai , President , EMEA- APAC , Temenos , said : “ It is a privilege to partner with stc pay as it expands its service and reach across the region . With high mobile penetration rates across the region and a growing preference for cashless transactions , stc pay has a bright future and is leading in this exciting growth segment .”
Abdulrahman AlMutairi , Vice President , Technology – stc pay , said : “ With Temenos open platform , we are enabling digital banking in stc pay by introducing robust , secure and cloud-native core banking engine that is embedded in an enterprise architecture for scalability and agility by using APIs , microservices and DevOps .” p
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