It aims to create an innovation and digital solutions incubator

Amman – Feb 2020. Pio-Tech the leading provider of Banking Business Intelligence and Performance Management Solutions in the Middle East and the African Continent, signed a memorandum of understanding with Princess Sumaya University (PSUT). The agreement aims at creating a startup business incubator for innovation and digital solutions, as well as focusing on the fields of research and development, to support student joint research projects. The MoU was signed by President of PSUT, Prof. Mashhoor Al-Refai, and the Co-Founder & CEO of Pio-Tech, Mr. Tariq Saffarini.

Under the terms of the MoU, the incubator will be opened to all PSUT researchers, as well as PhD Holders, graduate, or undergraduate, Pio-Tech will guide their theses and projects by providing a list of topics from real-life cases. Pio-Tech will also lend support to conferences and workshops related to the development of Jordan’s IT sector.

Prof. Al-Refai reviewed the University’s journey, its most prominent achievements and aspirations, its unique programs, and the high status it enjoys both locally and regionally. He went on to talk about PSUT’s focus on the international dimension in the fields of scientific research and student exchange programs run through agreements with prestigious universities. He drew attention to joint programs run in cooperation with American and European universities, in addition to its participation in 41 European projects, five of which are under PSUT leadership.

Al-Refai emphasized PSUT’s keenness to strengthen partnerships with leading institutions that have a strong presence and play an active role in the field of integrated solutions and systems. He welcomed this cooperation that will support the technology sector in Jordan, and praised the role of Pio-Tech in developing technological solutions that serve scientific research and the banking sector.

Saffarini praised PSUT for its excellence, the support it lends to the sectors operating in the technology arena, and the great role the University plays. He pointed out that the fields of cooperation with PSUT are not limited, and that he welcomes the adoption of new ideas regarding modern technology fields and their developments.

The memorandum of understanding agreement was attended by Prof. Ghaith Al Rabadi, PSUT’s Vice President for Scientific Research and Development, the Dean of King Abdullah I School of Graduate Studies and Scientific Research Prof. Mohammad Sababheh, the Dean of the King Hussein School of Computing Sciences Dr. Ashraf Qaddoumi, and the Dean of Admissions and Registration Dr. Abdul Ghafoor Al-Saidi. Also present were Engineer Mr. Eyad Al-Dasouqi from the Office for Projects Coordination and Research, the Officer for Career Guidance and Alumni Affairs and the King Abdullah II Fund for Development Ms. Reema Al – Areeni. Attending on behalf of Pio-Tech was Operations Associate Director, Iyad Al -Sutari, Director of Human Resources and Strategic Assistant, Umniat Al-Abadi, and the Head of Marketing, Mahfooz Khrawish.

About Pio-Tech is a System Integrator and Business Solutions provider that has become, since inception in 2003, an innovation hub that provides most effective and creative banking solutions, across the Middle East and the African Continent. Pio-Tech platforms and business suites, Bank-BI® and Bank-BPM® are available as SAAS instances on the cloud and deployed either fully cloud or hybrid.