What is AB Accelerator?
AB Accelerator is the focal point of innovation within Arab Bank with a clearly defined role: we accelerate the integration of startup solutions within Arab Bank’s operations.
We expedite Arab Bank’s adoption of emerging technology that enhance, improve, and reimagine the way we serve our clients. Simultaneously, we help startups scale, localize, and become more enterprise ready.
Where is AB Accelerator?
AB Accelerator’s main co-working space is located at Arab Bank headquarters in Amman, Jordan. In addition, to new Hubs opening up in Dubai and Egypt.
Why work with AB Accelerator?
At AB Accelerator, we work with startups to accelerate their product validation and commercialization through granting them access to customers and markets within Arab Bank footprint.
We provide startups with:
Access to highly specialized domain expertise and feedback
Access to decision makers across Arab Bank’s network, 20 countries globally
Access to Arab Bank customers, retail and corporate
Expedited process to engage with Arab Bank business units
Opportunity to develop and conduct a proof of concept or a pilot with Arab Bank
Opportunity to become a strategic partner in the digital transformation of Arab Bank globally
Access to dedicated resources and sponsoring team that support the startup product validation with Arab Bank
Designated workspace at Arab Bank Innovation Hubs
Eligibility for an investment by Arab Bank Accelerator
Who should join the AB Accelerator program?
Startups that have a product ready in the market and that provide disruptive value-added solutions for the financial industry. Startups that are seeking to scale through partnering with a financial corporation would benefit the most from the AB Accelerator program.
What sets AB Accelerator apart from other accelerators and incubators?
AB Accelerator’s program is focused on helping startups commercialize and validate their product. As such, to ensure partnership generates real value for all involved, each program is tailored to fit each startup unique offering and product.
This is not a standalone program with Arab Bank name on it. The program is embedded in our organization and connected to Arab Bank business units and affiliate institutions. Each startup that is admitted into our program addresses a problem statement or a strategic goal for our business and control units. The startup is then engaged in a proof of concept or a pilot with Arab Bank.
Furthermore, our program is virtual, which allows startups working with AB Accelerator to continue to focus on their strategic roadmap while engaged in our program.
How close does the business units in the bank work with the AB Accelerator team?
They are an integral part of the process from vetting the startups for pre-investment. Furthermore, sponsoring startups to ensure success throughout the Proof of Concept development.
Does the AB Accelerator team need to sell the solution to the business unit in order to move into production?
No, the business unit are assigned as sponsors of the product from the initial stages. However, the units are not obligated to adopt the product into pilot, it really depends on outcome of the POC.