Tuesday, July 16, 2024
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ADIB and DIFC Innovation Hub Establish a Strategic Alliance

To hasten the adoption of FinTech, Abu Dhabi Islamic Bank (ADIB) and the DIFC Innovation Hub have announced a strategic partnership. The program aims to accelerate innovation adoption across verticals by bringing together regional FinTech start-ups and corporate leaders in the financial industry. The partnership aims to develop proof-of-concept (PoC) projects, for which ADIB will receive assistance from DIFC Innovation Hub in working with the FinTechs that made the short list to guarantee a successful launch.

Through this partnership, ADIB will be able to access and use state-of-the-art FinTech solutions more quickly, both internally and in its external offerings. As part of the program, the DIFC Innovation Hub will conduct highly customized and focused discovery sessions with important ADIB stakeholders to determine the precise business needs for FinTech innovation.

DIFC Innovation Hub will also assist in identifying potential FinTech start-ups with solutions that tackle these important areas by utilizing its extensive network. ADIB will be presented to the FinTechs that made the shortlist after a thorough evaluation process, intending to create proofs of concept for a range of use cases.”Innovation is the currency of progress, and within the banking sector, it is the key that unlocks doors to a future where financial services are not just accessible, but transformative,” stated Mohammad Alblooshi, chief executive officer of DIFC Innovation Hub.

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Tuesday, July 16, 2024

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