Leading banking group in the Middle East, North Africa, Türkiye and South Asia (MENATSA) region- Emirates NBD and StockGro have signed a Memorandum of Understanding (MoU) to explore digital investment solutions for customers in the UAE and India. Signed at the Dubai FinTech Summit, the MoU gives StockGro an opportunity to assess its research and AI capabilities in an international market with the region’s leading banking group.
The MoU will explore how Emirates NBD’s banking and wealth expertise could work with StockGro’s investment research, advisory and AI-powered analysis to grow digital investment across UAE and India.
The MoU was signed by Neeraj Makin, Group Head of Strategy, Analytics and Venture Capital at Emirates NBD and Ajay Lakhotia, Founder, Managing Director and CEO, StockGro. Hitesh Asarpota, CEO, Emirates NBD Capital and Mohammed Al Bastaki, Group Head, Private Banking and Wealth Management were also present for the signing.
Ajay Lakhotia, Founder, Managing Director and CEO of StockGro, said: “The UAE is going through a structural shift. Incomes are rising, consumer spending is strong, and people are quickly going digital. All of this is making its capital markets stronger, and local investors are getting more involved. What they need now is research and expert-backed advice they can trust. With Emirates NBD, we can bring the tools loved by over 37 million Indian investors to the UAE, and help every investor move from confusion to conviction.”
Neeraj Makin, Group Head of Strategy, Analytics and Venture Capital, Emirates NBD, said: “Empowering emerging investors across the UAE-India corridor is a vital economic opportunity as well as a strategic priority for Emirates NBD. StockGro’s intuitive, community-driven platform lowers the barrier to entry, transforming how individuals engage with capital markets. Our partnership with StockGro reflects our commitment to investing in forward-looking platforms that combine sophisticated analytics, user-centric design, and financial empowerment to shape the future of investing in our region.”
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