Mastercard partners with Rochester Institute of Technology in Dubai

With AI playing an increasingly transformational role across our lives, Mastercard and the Rochester Institute of Technology (RIT) in Dubai have signed a Memorandum of Understanding (MoU) to foster talent in the region and advance AI innovation globally.

The partnership aims to empower the next generation of RIT graduates to become leaders in AI and advance both parties’ strategic alliances in the region.

Drawing on its deep technical knowledge and its applications in the industry, Mastercard will host guest lectures and workshops for students and over time co-develop an AI-focused curriculum. RIT students will also have the unique opportunity to visit Mastercard’s latest AI Centre in Dubai, connect with industry leaders and prepare for careers in AI.

Mastercard is a global technology company in the payments industry. The firm offers solutions and services, and also has a consulting division – its Mastercard Data & Services subsidiary ranks as one of the leading consultancies payments world.

US-headquartered the Rochester Institute of Technology is one of the world’s leading technological-focused universities with more than 185 years of history. The Dubai branch was launched in 2008, offering Bachelor’s and Master’s degrees in business and leadership, engineering, and computing.

“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,” said Ajay Bhalla, President for Cyber & Intelligence at Mastercard. “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 MoU signing follows Mastercard’s latest partnership with the UAE government and the launch of its Advanced AI and Cyber Technology Centre in Dubai. In addition to developing AI-powered solutions to fight financial crime, the Centre is focused on securing the digital ecosystem and driving inclusive growth through strategic partnerships.

“RIT Dubai shares Mastercard’s commitment to technological innovation,” said Yousef Al Assaf, President of RIT Dubai. “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 has a history of innovation in AI, most significantly in its efforts to enhance cybersecurity and protect the digital ecosystem. The partnership also builds on Mastercard’s commitment to doing well by doing good and fostering opportunities for individuals who want a growing career with impact.