Abu Dhabi: Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution in partnership with the DIFC FinTech Hive, hosted a ‘speed meeting’ session for the sixth consecutive year. The session aimed to meet selected participants in the first sprint of the FinTech Accelerator program 2022, to evaluate how their solutions can be integrated into ADIB operations.
This year, eight FinTech startups from different countries had the opportunity to pitch their ideas and participate in collaborative discussions with ADIB management and digital banking experts. Discussion topics included Islamic FinTech, RegTech, Payments, Fraud Risk and Gamification. These startups may continue to explore various avenues of collaboration with ADIB as a means of adding to the bank’s evolving digital offerings.
Mamoun T. Alhomssey, Chief Information Officer at ADIB said: “Our partnership with Fintech Hive has always been deeply enriching. Meeting driven and imaginative FinTechs helps create an environment where inventive ideas can flourish and boundaries are pushed. In line with our vision to become the region’s most innovative Islamic bank, we hope that this will enable the delivery of solutions centered around improving our customers’ lives and our digital capabilities.”
FinTech Hive is a first-of-its-kind accelerator, launched by the Dubai International Financial Center to promote the FinTech ecosystem in the Middle East, Africa and South Asia. The renewed partnership reflects ADIB’s continued support for the DIFC FinTech Accelerator programme.
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About ADIB
ADIB is a leading Islamic bank with more than AED 133 billion in assets that was established in 1997 with its shares traded on the Abu Dhabi Securities Exchange (ADX). Over 1 million customers benefit from the large distribution network with 70 branches and more than 500 ATMs. The bank also offers world-class online, mobile and telephone banking services, giving customers seamless digital access to their accounts 24 hours a day. ADIB offers solutions for retail, corporate, corporate, private banking and wealth management. ADIB remains one of the leading banks in the recruitment, development and promotion of local talent. The bank has one of the highest Emiratization ratios with more than 40 percent of the bank’s workforce being UAE nationals. ADIB has a presence in six strategic markets: Egypt, where it has 70 branches, the Kingdom of Saudi Arabia, the United Kingdom, Sudan, Iraq and Qatar.
ADIB has been voted “Best Islamic Bank globally” by The Banker publication The Financial Times and Best Bank in the UAE by Forbes. UAE to enable account opening through facial recognition.
