Meedaf partners with Brink's for UAE money management venture: Abu Dhabi Commercial Bank's (ADCB) ADGM-based fintech arm Meedaf formed a joint venture with US money management and cash-handling firm Brink's, according to a press release (pdf). The partnership will provide UAE financial institutions with secure services related to regional and international money transportation, ATM services, and cash-handling.

(Tap or click the headline above to read this story with all of the links to our background as well as external sources.)

The details: Services include money-in-transit operations, money processing, ATM management, and digital retail solutions such as deposit machines and money recyclers.

The move also marks Meedaf’s expansion into “key regional markets,” the statement said, without disclosing further details.

In context: ADCB launched Meedaf back in April, with a focus on AI, blockchain, and analytics for financial service firms and banks. Meedaf offers AI-based tools for collections and risk assessment, blockchain-based security systems, and customer loyalty management platforms.

Tags: