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Spotify’s Anna Lundström tunes in on key values powering its approach to HR

Spotify’s CHRO on using AI, a ‘glocal’ strategy, and ‘Core Week’ has supported the company’s ‘bandmates’ and made a difference to productivity

Neesha Salian
Neesha Salian

28 October, 2025

Spotify’s Anna Lundström tunes in on key values powering its approach to HR
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At a time when most global companies are rethinking how people work, Spotify has chosen to double down on flexibility, trust, and employee wellbeing — values deeply rooted in its Swedish DNA.

Under the leadership of chief HR officer Anna Lundström, the company has refined its “work from anywhere” model, introduced new initiatives like “Core Week” to reconnect teams, and continued to export its culture of transparency and inclusivity to more than 40 countries where its 7,000 employees operate.

In this conversation, Lundström explains how Spotify‘s “glocal” strategy helps the company stay culturally relevant in every market, why AI and human creativity must evolve together, and how the streaming giant continues to build a people-first organisation that mirrors its audience — global, diverse, and constantly innovating.

How does Spotify manage its diverse, global workforce across different cultures and generations?

We use what we call a “Glocal” approach, a global strategy for people experiences and benefits with local nuances. We’re in 180 markets as a product and have employees (whom I refer to as ‘bandmates’) in 40 countries with over 115 nationalities among our over 7,000 employees.

We export our Swedish roots globally — factors such as wellbeing, work-life balance, and transparent leadership while allowing for local celebrations and cultural considerations. We hire locally in regions to ensure our workforce mirrors our consumer base.

What personal leadership values have shaped your approach at Spotify?

Two simple principles from my family, especially my grandmother: work hard and be kind — treat others like you want to be treated. This aligns perfectly with Spotify being an extremely kind organisation while also being clear that you need to execute and make things happen.

I’m very hands-on, having done almost all types of HR jobs, and I believe it takes one to know one when leading a team.

What is Spotify’s “work from anywhere” policy and how has it evolved?

We offer full flexibility through our Work from Anywhere programme, which our bandmates love and has resulted in high productivity and very low attrition. However, we learned we needed to bring our global workforce together more frequently. We created “Core Week”, happening twice a year where teams come together for a full week of social, work, and strategy programming.

We also invite every new employee to Stockholm for a week-long “Intro Day” session to experience our headquarters and learn about our values.

What makes Spotify’s approach to global workforce management unique?

Unlike companies that hire their full employee base in one location to support globally, we hire locally in regions where we’re based. For example, in the GCC region, our music editors come from the region or communities — because how else would you programme Arabic pop? This ensures our workforce mirrors our global consumer base and brings authentic cultural understanding to each market.

Beyond Core Week, what other initiatives support employee wellbeing throughout the year?

We introduced Wellness Week for the first time in 2020, asking all employees to unplug for a whole week at the same time. We don’t want them to feel pressure from seeing each other in work forums or receiving work-related messages. We understand the importance of everyone laying down their tools simultaneously to really disconnect and focus on themselves. We ask “Spotifiers” to spend it in their own restorative way — whether that’s in the garden, travelling, listening to music, connecting with family, or whatever makes them feel good. It’s their time to prioritise themselves.

What are Spotify’s key pillars for employee experience?

Our three cornerstones are flexibility, trust, and employee wellbeing. We’re doubling down on mental health through our ‘Heart and Soul’ programme through modern health. This is a single destination where bandmates can access care that matches their personal needs — whether that’s one-on-one therapy, coaching, group circles on topics like burnout or anxiety, or self-guided digital content in the language and format that works for them. The platform delivers support in over 80 languages, provides adaptive care plans, and offers resources spanning emotional, professional, financial, and physical wellbeing.

We have about 60 grassroots ambassadors trained to help colleagues. Beyond that, we offer ‘All The Feels’, our Employee Assistance Programme that provides bandmates and their loved ones with therapy coverage and access to free, confidential, professional counseling sessions. All our managers are trained in coaching their teams.

We believe these should be fundamental for every HR department: it’s our secret sauce.

How do you measure and maintain employee engagement?

We run “tune-in” surveys twice a year — 60 plus questions across dimensions like leadership, culture, working conditions, and now AI. We have transparent two-way communication through frequent town halls, “ask me anything” sessions, and “Unplugs”.

My HR business partner team stays close to the organisation to pick up signals. We workshop all results and spend time in leadership discussing trends and areas for improvement.

What is your approach to internal mobility and career development?

We’ve built Echo, our AI-powered internal talent marketplace where bandmates can discover new jobs, projects, and growth opportunities based on their skills and interests. It also helps leaders and mentors connect with talent worldwide. In 2024, we expanded Echo’s use to drive internal mobility by adding more projects across all disciplines. Now, all bandmates have one place for equitable access to all growth opportunities, and we’ve made significant improvements to AI matching, profile management, hiring, and the user interface.

Last year we filled 30 per cent of open positions internally, and this year we’re on track for 40 per cent. We’re happy to move people around the world to offer opportunities and keep talented workforce in-house. We also just launched SANA, our personalised AI learning tool that adapts to individual roles and needs.

How does the company ensure equity and inclusion in hiring and throughout the employee lifecycle?

We work across our business to ensure that our hiring leaders and recruiters have the tools, resources, and support they need to attract and retain diverse talent globally. We support our interviewers and hiring leaders with tools, resources, and training to practice inclusivity throughout the hiring process. Our interview training modules provide education on making recruitment and hiring more inclusive, with best-in-class processes that mitigate bias and are accessible to all.

We’re working toward three key outcomes: building diverse teams that reflect the global nature of our business, best-in-class processes that mitigate bias, and a consistent process with tools and resources for recruiters and hiring managers to be effective.

What family support does Spotify offer?

We also provide a minimum of six months of paid gender-neutral parental leave for biological and adoptive parents. In 2024, 6.6 per cent of full-time bandmates took parental leave, with 53 per cent being men, 42.8 per cent women, and 4.2 per cent using another term or not declaring, showing our commitment to gender equity in family support.

How does Spotify support women in the creative industries?

We launched Nine Muses Collective in 2022 to provide a safe and empowering space for women in creative industries. Filled with inspirational speakers, workshops, and networking opportunities, it helps women learn, share, and build community with others.

We brought Nine Muses to Dubai last year for an exclusive event bringing together women from different creative industries in the UAE. Almost every year since its founding, Spotify and its partners have hosted events on International Women’s Day designed as a celebration of women in the creative industries — those who have a direct and lasting impact on culture and society.

How is Spotify using technology to transform HR operations?

I have a project called “no more manual tasks” to help my HR team spend more time on strategy, creativity, and critical thinking. We’re building an AI bot to handle employee handbook questions so the team can focus on one-on-one time with employees and managers. As a digital-first company, we’re leading the AI transformation alongside our chief product officer, showing the organization that people and technology work in connection.

How does Spotify approach AI implementation across the organisation?

We’re working on ‘humanising AI’ through a cross-functional effort. We offered ‘Hack Week’ to our entire organisation (not just R&D) where bandmates could spend a full week playing with AI after taking basic trainings.

We created AIM (AI Momentum), a governing body that I co-sponsor with our head of platform, to enable all employees to create and collaborate with AI.

We just launched our first AI learning festival featuring SANA, a Swedish AI learning system that provides personalised learning experiences.

What does the future hold for the company’s people strategy?

We’ll continue being cutting-edge in embracing new technologies but with a human lens. Human judgment, creativity, and critical thinking will permeate everything we do.

We want to be known for having a genuine people experience that’s tied to our world-class product, showing these two can go hand in hand. The focus remains on flexibility, trust, and prioritising employee wellbeing.

What are your three key recommendations for companies looking to enhance their HR strategies?

Flexibility, trust, and prioritise employee wellbeing. Personally, I think that should really be something that every HR department should be trained on. It sounds simple, but it is the secret sauce. Rather than forcing staff to come back to the office five days a week, train managers on how to run healthy teams and have one-on-one conversations with employees who might be struggling.

Embedded finance: Emirates NBD’s Anith Daniel on its impact on B2B invoice payments

The UAE’s banks are re-architecting core systems around cloud, APIs and data platforms to enable real-time, mobile-first finance

Anith Daniel
Anith Daniel

28 October, 2025

Embedded finance: Emirates NBD’s Anith Daniel on its impact on B2B invoice payments
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The UAE’s banking sector sits at the intersection of a national digital agenda and a thriving, diversified economy, using technology as both a growth engine and a resilience strategy.

Forward-thinking regulation amplifies this shift: the Central Bank of the UAE, alongside innovation-friendly financial centres such as Abu Dhabi Global Market and Dubai International Financial Centre, has fostered test-and-learn sandboxes, pragmatic guidelines for digital onboarding and e-KYC, and clear rulebooks for emerging models such as open banking, digital assets and embedded finance.

Guided by an ambition to deliver world-class digital services and seamless experiences, banks are re-architecting core systems around cloud, APIs and data platforms to enable real-time, mobile-first finance.

At the core of this transformation lies embedded finance, which allows for the seamless integration of financial services into non-financial platforms, allowing any business to perform financial operations, such as digital payments, without leaving its platform.

Driving innovation through banking

The UAE’s embedded finance sector is expanding rapidly, with revenues expected to rise from $1.56bn in 2024 to $5.5bn by 2029, representing a compound annual growth rate (CAGR) of 28.6 per cent. This substantial market growth has translated into transformative impacts on a number of industry subverticals including business-to-business (B2B) payments.

This solution offers digital invoice submission and processing capabilities with real-time status updates, previously available only through standalone service providers.

Traditional B2B invoice payment processes have long been characterised by inefficiency and lack of transparency. Invoices are often submitted via e-mail and followed up with phone calls requesting status updates, leaving suppliers without visibility into the invoice approval process.

Advanced invoice management solutions offer a streamlined, digitised channel for B2B buyers to efficiently manage invoices directly from their own systems. Now suppliers can upload invoices and supporting documents for the goods supplied to a buyer through a dedicated portal.

The solution has built-in configurable logic to perform purchase order (PO) to invoice matching services. Upon successfully meeting the configured criteria, eligible invoice data is sent to the buyer’s ERP systems for further booking and approval.

The solution brings efficiency and transparency to the entire invoice submission and approval process with minimal disruption to the existing approval setup. This efficiency extends beyond individual transactions, significantly impacting the broader supply chain. A strong supply chain boosts business growth by streamlining operations, cutting costs and enabling swift market adaptation.

Supply chain finance brings in the element of cash flow optimisation, improving the financial health of the entire value chain.

Transforming B2B payment ecosystem

Embedded invoice management solutions are delivering direct advantages for suppliers by offering greater visibility into their receivables. When delivered through banks’ platforms, these solutions create additional value, enabling suppliers to track and manage payments more efficiently.

Given banks are highly regulated entities, these institutions are uniquely equipped to manage critical financial processes, particularly when integrated with advanced technologies while ensuring data security and confidentiality.

Furthermore, the market is seeing the rise of flexible implementation options, including white-label capabilities. This allows businesses to present supplier portals as their own branded interfaces, maintaining brand consistency while leveraging sophisticated banking technology and compliance infrastructure.

In the UAE, SMEs play a critical role in driving economic diversification, innovation and job creation, contributing significantly to the country’s non-oil GDP.

By automating invoice processing and enabling early payment through embedded supply chain finance, the solution strengthens SMEs’ cash flows, directly supporting their working capital needs and business growth.

The future of transactions

Ultimately, this transformation in invoice management is a major step forward for B2B transactions. The embedded approach benefits buyers by streamlining their procurement-to-payment processes.

Automated invoice matching against PO ensures that only legitimate invoices enter the approval workflow, reducing processing errors and improving efficiency.

Looking ahead, as more businesses recognise the operational and financial benefits of unified, embedded solutions, B2B invoice payments are set to become the standard rather than the exception, fundamentally reshaping how B2B commerce operates in the UAE and beyond.

This transformation represents more than technological advancement, it embodies a fundamental shift toward customer-centric, efficiency-driven financial services that support business growth and economic development – key attributes in an increasingly competitive global marketplace.

The writer is the group head of Transaction Banking, Emirates NBD.

M42 launches Saudi unit to deepen healthcare partnership with kingdom

In Bahrain, M42 is partnering with Mumtalakat through Amana Healthcare – Bahrain to provide long-term care and post-acute rehabilitation services in Al Jasra

Neesha Salian
Neesha Salian

27 October, 2025

M42 launches Saudi unit to deepen healthcare partnership with kingdom
Image: Getty Images/ For illustrative purposes

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M42, a global health leader powered by artificial intelligence (AI), technology and genomics, on Monday announced the incorporation of M42 Saudi Arabia, marking a new phase in its partnership with the kingdom and reinforcing its support for Saudi Arabia’s Vision 2030 healthcare transformation.

The announcement was made during the Global Health Exhibition (GHE) in Riyadh, highlighting the company’s commitment to advancing precision, preventive and predictive healthcare across the kingdom.

Building on over 12 years of collaboration with the Saudi Ministry of Health (MoH) through the operation of more than 40 Diaverum clinics across 33 cities, including Riyadh, Jeddah, Makkah and Madinah, M42 said the new entity represents the next stage in a “trusted partnership grounded in performance, impact and shared purpose.”

M42 Saudi Arabia to support advanced patient care

Under M42 Saudi Arabia, the company will continue providing renal care through its Diaverum network while expanding into areas such as multi-omics, population health programmes, metabolic and lifestyle disease management, and digital integration.

The launch aligns with M42’s goal to partner with Saudi Arabia in realising its Vision 2030 ambition for a future-ready and sustainable health system, focusing on advanced patient care and the kingdom’s growing life sciences sector, including clinical trials and R&D.

“The incorporation of M42 Saudi Arabia is a natural step for us in building a globally scaled health intelligence ecosystem that works in partnership with local institutions to shift from reactive care to precision, prevention and prediction,” said Dimitris Moulavasilis, group CEO at M42.

Ziyad Kabli, COO for the Middle East and Asia at M42, added: “For more than a decade, our work in Saudi Arabia has centred on providing high-quality renal care through Diaverum. The launch of M42 Saudi Arabia marks our expansion from specialty services to system-wide collaboration in precision, preventive and predictive health.”

The company said the incorporation will enable Saudi-led pilot programmes, collaborative research, and partnerships with government and private healthcare institutions, reinforcing the kingdom’s leadership in innovation-driven health delivery.

The expansion follows M42’s broader regional growth, including the launch of Jordan’s first virtual hospital, the Digital Health Centre, in collaboration with the Jordanian Ministry of Health and Ministry of Digital Economy and Entrepreneurship.

In Bahrain, M42 is partnering with Mumtalakat through Amana Healthcare – Bahrain to provide long-term care and post-acute rehabilitation services in Al Jasra.

India plans to hike foreign investment cap in state-run banks to 49%

Current foreign ownership in state-run banks ranges from a high of about 12 per cent in Canara Bank to near zero in UCO Bank as of September 30

Reuters
Reuters

27 October, 2025

India plans to hike foreign investment cap in state-run banks to 49%
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India is planning to allow direct foreign investment in state-run banks of up to 49 per cent, more than double current limits, according to a person directly involved in the policy discussions.

The finance ministry has been discussing the matter with the Reserve Bank of India (RBI), the country’s banking sector regulator, over the past couple of months, said the person, adding that the proposal has yet to be finalised.

Foreign interest in India’s banking industry is on the rise as evidenced by Dubai-based Emirates NBD’s recent $3bn purchase of a 60 per cent stake in RBL Bank and Sumitomo Mitsui Banking Corp’s $1.6bn acquisition of a 20 per cent stake in Yes Bank which the Japanese lender later raised by another 4.99 per cent.

Read more-Dubai’s Emirates NBD to buy 60% stake in India’s RBL Bank for $3bn

State-run banks are also seeing interest from overseas investors and raising the foreign ownership limit will help them gain more capital in the coming years, the person said.

The Nifty PSU Bank index rose as much as 3.02 per cent to a record high of 8053.4 after the Reuters report, and closed the session 2.22 per cent higher.

Narrowing the gap

A second source confirmed a hike from the current cap of 20 per cent is under discussion, adding that the move is also part of an attempt to narrow the gap between regulations for government-owned and private banks. India allows foreign ownership of up to 74 per cent for private lenders.

The proposal to increase the cap for state-run banks to 49 per cent has not been previously reported.

Both sources declined to be identified as discussions are not public. India’s finance ministry and the RBI did not immediately respond to Reuters’ emails seeking comments.

India’s robust economic growth, averaging 8 per cent over the past three fiscal years, has led to rising demand for credit, increasing the attractiveness of the country’s lenders. Deals in India’s financial sector jumped 127 per cent to $8bn between January and September.

Twelve banks

India has 12 government-owned banks, with combined assets of INR171trn rupees ($1.95trn) as of March that account for 55 per cent of the banking sector.

The government plans to retain a minimum shareholding of 51 per cent in state-run banks, according to the first source. At present, the government has much higher ownership in all 12 banks.

Current foreign ownership in state-run banks ranges from a high of about 12 per cent in Canara Bank to near zero in UCO Bank as of September 30, according to data from stock exchanges.

In general, state-run banks are viewed as weaker than their private peers. Often tasked with providing credit to less affluent sections of society and opening branches in the hinterlands, the banks have been more prone to bad loans and have had weaker returns on equity.

Keeping safeguards

The RBI has taken a number of steps in the past few months to reduce and ease regulations in the banking sector, while becoming more open to allowing foreign banks to own larger stakes in Indian private lenders.

But certain safeguards will stay to avoid arbitrary control and decision-making, the first source said, adding that a cap on voting rights of 10 per cent for a single shareholder will remain in place.

Bahrain SWF Mumtalakat, SandboxAQ to boost Bahrain’s biotech sector

The partnership is expected to generate over $1bn in value for the kingdom through the creation of new biotech assets

Neesha Salian
Neesha Salian

27 October, 2025

Bahrain SWF Mumtalakat, SandboxAQ to boost Bahrain’s biotech sector
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Bahrain’s sovereign wealth fund (SWF) Mumtalakat has signed a strategic partnership with SandboxAQ, a global firm specialising in artificial intelligence and quantum techniques, to develop a biotech ecosystem in the kingdom, the two companies said on Monday.

Under the agreement, Bahrain will license SandboxAQ’s software and expertise in quantitative AI to identify and develop drug targets and novel therapeutics. The partnership is expected to generate over $1bn in value for the kingdom through the creation of new biotech assets.

The collaboration aims to position Bahrain as a regional biotech hub, with a joint research committee overseeing a three-year programme focused on developing new drugs.

Mumtalakat, SandboxAQ partnership to support bahrain’s health sector

“This partnership with SandboxAQ marks a significant milestone in our mission to diversify Bahrain’s economy and foster a thriving health sector,” said Shaikh Abdulla bin Khalifa Al Khalifa, CEO of Mumtalakat. “By combining our national resources with SandboxAQ’s world-class expertise in AI and large quantitative models to create new and innovative drugs, we are laying the foundation for a new era of innovation in the health sector and economic growth in the kingdom.”

Jack Hidary, CEO of SandboxAQ, said: “We are honoured to partner with Mumtalakat and Bahrain to catalyse a new IP-generating biotech economy. Our collaboration will harness the power of AI to accelerate drug discovery and will attract more investment to the kingdom.”

Mumtalakat said the initiative aligns with its broader strategy to optimise, enhance, and diversify its portfolio, supporting long-term sustainable returns.

The SWF holds stakes in over 50 commercial enterprises across sectors including industrial manufacturing, financial services, telecommunications, real estate, logistics, consumer products, healthcare, and education.

SandboxAQ, which emerged from Alphabet Incas an independent company, develops solutions using AI and quantum techniques across life sciences, materials, and other sectors.

Its investors include funds advised by T. Rowe Price Associates, Paladin Capital, BNP Paribas, Eric Schmidt, Ray Dalio, and Marc Benioff.

Read: Why SandboxAQ says the Gulf must lead on GPS alternatives

PRYPCO launches super app for real estate agents in Dubai

PRYPCO said the launch reinforces its position as a technology-driven company supporting real estate efficiency and agent empowerment in the UAE and beyond

Neesha Salian
Neesha Salian

27 October, 2025

PRYPCO launches super app for real estate agents in Dubai
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Dubai-based proptech platform PRYPCO has launched PRYPCO One, a first-of-its-kind super app aimed at helping real estate agents streamline their workflow through smarter tools, real-time data, and instant rewards.

The platform, described as “The One for All Agents,” consolidates exclusive property listings, project information, mortgage services, data insights, and extra commission opportunities into a single ecosystem.

According to PRYPCO, the app’s “Insta-Mortgage” feature allows agents to pre-qualify clients within five minutes, reducing delays and generating new commission streams. Agents earn an additional 0.35 per cent of the total mortgage value when deals are closed through PRYPCO.

The app also includes a “Create Your Site” function that enables agents to build personalized mini-websites in under two minutes to showcase listings and receive direct WhatsApp leads at no setup cost.

Over 9,000 active agents on PRYPCO One platform

PRYPCO said more than 9,000 active agents are currently registered on the platform, which offers verified listings, live market data, and transaction-ready tools.

Its database includes more than 300 secondary properties and a “Projects Data Hub”, covering over 1,500 UAE developments, complete with descriptions, live updates, analytics, and interactive maps.

“Real estate agents are the backbone of this industry, yet their tools haven’t evolved at the same pace as the market,” said Amira Sajwani, founder and CEO of PRYPCO. “With PRYPCO One, we’re giving agents everything they need in one place — from real data and faster deals to meaningful rewards. The response so far has been exceptional, and it’s clear that agents are ready for technology that truly works for them.”

She added, “PRYPCO One simplifies, accelerates, and rewards every part of the agent journey. It’s not just an app, it’s an ecosystem that recognises and amplifies the value agents bring to the UAE’s property market.”

Highlights of the new Prypco Collect

The company has also introduced PRYPCO Collect, a gamified rewards system that allows agents to earn and redeem points for transactions or referrals. Points can be exchanged for items such as iPhones, luxury goods, or allocations on DAMAC Islands.

PRYPCO said the launch reinforces its position as a technology-driven company supporting real estate efficiency and agent empowerment in the UAE and beyond.

By combining data intelligence, digital tools, and tangible incentives, the company aims to set a new benchmark for the integration of technology in the real estate sector.

Read: General Catalyst backs UAE proptech PRYPCO in pre-series A round

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