Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) launched ADIB Ventures, a new strategic initiative created to boost innovation and collaboration within the global fintech landscape.
The programme aims to reinforce ADIB’s position as a leader in digital transformation, according to a press release.
Meanwhile, the lender seeks to develop a robust ecosystem by connecting with emerging fintech players and integrating advanced technologies and Gen AI to enhance the banking experience for more than 1.30 million customers.
ADIB aims to introduce new offerings that cater to the increasing needs of tech-savvy customers. In this regard, ADIB Ventures will launch pilot programmes and proof-of-concept projects to test and implement advanced technologies that can transform the future of Islamic banking.
Mohamed Abdelbary, Acting Group CEO of ADIB, said: "ADIB Ventures is a key element in our 2035 vision as it represents our approach to redefine banking by harnessing the power of fintech innovation.”
Abdelbary indicated: “Our goal is to lead the future of digital finance, setting new standards of excellence while ensuring that our clients benefit from cutting-edge, customer-focused solutions that are deeply rooted in our Islamic principles.”
"Through ADIB Ventures, we aim to build a thriving ecosystem of innovation by partnering with fintech disruptors and accelerating the development of digital solutions that cater to the evolving needs of our customers," he added.
In line with the bank’s broader strategy and vision for 2035, ADIB aims to boost digital transformation and solidify its role as a key enabler of the fintech ecosystem in the GCC and beyond.
Emirates Development Bank (EDB) and ADIB recently joined forces to enhance financial inclusion for SMEs in the UAE.
