Mastercard Collaborates with RIT Dubai to Fuel AI Progress

In a dynamic world driven by the relentless march of technology, the partnership between Mastercard and the Rochester Institute of Technology (RIT) in Dubai has emerged as a beacon of innovation. Through a Memorandum of Understanding (MoU), these two industry giants have embarked on a collaborative journey to nurture talent in the region and propel global advancements in Artificial Intelligence (AI).

The dawn of the digital age has seen AI emerge as a transformational force, influencing virtually every facet of our lives. With this in mind, Mastercard and RIT Dubai are pooling their expertise to empower the next generation of RIT graduates, equipping them to assume leadership roles in AI. This partnership is not merely a paper memorandum; it’s a catalyst for innovation and a pledge to strengthen the strategic bonds between both entities.

Mastercard, renowned for its deep technical knowledge and extensive applications in the industry, is taking a hands-on approach. It will conduct guest lectures and workshops for students, gradually co-developing an AI-focused curriculum that aligns with the demands of the ever-evolving tech landscape. Beyond the classroom, RIT students will have the exclusive opportunity to visit Mastercard’s cutting-edge AI Centre in Dubai. Here, they can connect with industry luminaries, gaining invaluable insights and preparing themselves for promising careers in AI.

Ajay Bhalla, President of Cyber and intelligence at Mastercard, speaks of the significance of this collaboration, “Today’s students have the opportunity to embrace the possibilities that AI unlocks – they will drive the next wave of innovation in AI to solve real-world problems. Together with RIT, we are pleased to prepare future leaders to transform customer experiences, reshape industries, and build trust in the digital ecosystem using the power of AI.”

This Memorandum of Understanding follows Mastercard’s recent partnership with the UAE government and the inauguration of its Advanced AI and Cyber Technology Centre in Dubai. The Centre’s focus extends beyond financial matters; it is dedicated to developing AI-powered solutions to combat financial crimes while safeguarding the digital ecosystem. Furthermore, it aims to stimulate inclusive growth through strategic partnerships.

Dr. Yousef Al Assaf, President of RIT Dubai, underscores the institution’s commitment to technological innovation, saying, “RIT Dubai shares Mastercard’s commitment to technological innovation. Our collaboration with Mastercard enables us to provide real-world experiences to our students, preparing them to embrace and lead the next phase of digital advancement.”

Mastercard’s rich history of innovation in AI, particularly its contributions to enhancing cybersecurity and preserving the digital ecosystem, is a testament to its commitment to technological advancement. Meanwhile, RIT Dubai is a global branch of the esteemed Rochester Institute of Technology in New York, renowned as one of the world’s leading technology-focused universities. With more than 35 years of investment in the UAE, Mastercard has consistently supported the region’s commitment to digital transformation.

However, this partnership transcends business interests; it’s a testament to Mastercard’s philosophy of ‘doing well by doing good.’ In collaboration with RIT, Mastercard is actively fostering opportunities for individuals who aspire to build impactful careers in AI. Together, they aim to nurture the next generation of AI talents, accelerating innovation and delivering more excellent value to their partners.

As Mastercard and RIT Dubai join forces to shape the future of AI, their collaboration serves as a shining example of how businesses and educational institutions can come together to drive progress, foster innovation, and empower the leaders of tomorrow in a world increasingly shaped by AI.

In the grand tapestry of technological evolution, this partnership between Mastercard and RIT Dubai is a stitch that strengthens the fabric of innovation, weaving together the threads of knowledge, experience, and a shared vision for a brighter, AI-powered future.