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NMB, UDSM ink deal to enhance digital transformation

NMB Bank has signed a strategic Memorandum of Understanding (MoU) with the University of Dar es Salaam’s College of Information and Communication Technologies (CoICT) geared towards enhancing cooperation in the field of Information Communication Technology (ICT) and digital transformation.

DAR ES SALAAM: NMB Bank has signed a strategic Memorandum of Understanding (MoU) with the University of Dar es Salaam’s College of Information and Communication Technologies (CoICT) geared towards enhancing cooperation in the field of Information Communication Technology (ICT) and digital transformation.

NMB will leverage on its expertise to support students at the CoICT to reach their full potential in the fields of innovation and technology adoption and the emerging technologies research and development among other issues.

The NMB Chief Human Resource Officer, Mr Emmanuel Akonaay, said the MoU reiterates the bank’s long-term commitment to support development of the education sector.

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“We believe it will help in fostering a collaborative environment where students can gain hands-on experience through internships, real-world projects,” he said.

Mr Akonaay said the MoU will address five key areas that include identifying high performing students in ICT related fields across the CoICT, innovation and technology adoption, digital transformation, technology and research insights.

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The UDSM ViceChancellor Research, Prof Nelson Boniface, during the event commended the bank for its continued support to his institution expressing optimism that the MoU has come at an opportune time.

“We believe that this MoU will help build a comprehensive ICT talent management pipeline that transitions skilled individuals from academia to impactful roles in tech innovation,” he said.

Prof Boniface noted that with the MoU now in place, UDSM-CoICT will work collectively together in carrying out technologies research and explore their impact in the financial industry such as Artificial Intelligence (AI) -based data models.

“UDSM-ColCT will provide human and intellectual resources that can be used by the NMB to fast track the development and launch of new products and services especially in areas such as fintech, blockchain, data analytics, AI, or cybersecurity, to create innovative solutions that cater to evolving customer needs,” he added.

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