Lakeba Group and University of Wollongong in Dubai collaborate on cutting-edge AI for financial services

Lakeba Group and University of Wollongong in Dubai collaborate on cutting-edge AI for financial services

Australian-based global tech venture studio, Lakeba Group, and the University of Wollongong in Dubai have signed a memorandum of understanding (MoU) to collaborate on joint R&D projects and internship opportunities for students.

The partnership between Lakeba Group and the University of Wollongong in Dubai (UOWD) will establish a framework for collaboration in advancing the use of artificial intelligence (AI) in financial services.

This ground-breaking collaboration represents a dynamic fusion of academic excellence and industry prowess, that aims to push the boundaries of what’s currently possible in the world of AI and finance.

The MoU aims to leverage the complementary strengths and expertise of both parties in AI, data science, and financial technology and to foster innovation and social impact through joint research and development (R&D) projects, academic and technical exchange, and internship opportunities for UOWD students at Lakeba offices around the world.

Lakeba Group Founder and CEO Giuseppe Porcelli (pictured right) said today, “We are delighted to partner with UOWD, a leading academic institution in the region, to advance the frontiers and opportunities presented by AI for the financial services sector. This collaboration will enable us to access both the cutting-edge research capabilities of UOWD, and rich talent pool, while offering valuable learning and career opportunities for UOWD students.”

President of UOWD Professor Mohamed Salem (pictured left), added, “This partnership is a testament to our commitment to fostering a culture of innovation and collaboration with industry partners, such as Lakeba Group, who are at the forefront of AI and fintech globally. This collaboration will enhance our research impact and relevance and will provide our students with exposure to real-world challenges and solutions in the rapidly evolving field of AI for financial services.”

The agreement comes at a pivotal moment for the trajectory of AI and financial services, as the two entities, with distinct and complementary strengths, converge to create an innovation powerhouse. The partnership’s success will have far-reaching implications in both shaping the future of AI in finance globally and advancing the global knowledge pool.