A deal signed between the entities provides for creating the node in the rapidly emerging digital economy across the Mena region and Indian sub-continent
Royal Strategic Partners (RSP), representing Naqd Group, SAP Fioneer GMBH and MBME Group will establish a joint venture to create a Hub promoting digital innovation and technological advancement.
Published April 28, 2021, 9:02 AM
SAP and investment company Dediq GmbH announced that they have agreed to enter into a partnership in the area of financial services.
To better serve the rapidly changing banking and insurance industry, the two companies will jointly expand SAP’s financial services portfolio with a significant investment in new solutions. These solutions will be based on SAP software and be integrated into SAP’s overall portfolio and product roadmap.
Pending regulatory approval, SAP and Dediq will form a dedicated Financial Services Industry (FSI) Unit, which will be jointly owned by the two companies. Both SAP and Dediq will provide the FSI Unit with the funding, technology, and development expertise, as well as a broad ecosystem of partners necessary to rapidly establish it as a major force in the FSI IT market. Dediq’s investment in the unit will be more than 500 million Euro.