Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has collaborated with DIFC FinTech Hive for the fourth consecutive year to host a virtual ‘speed meeting’ session for some of the world’s most promising and innovative FinTech companies.

The session presented an opportunity for eight FinTech startups, from countries including the US, Canada, Singapore, Bahrain and the UK, to pitch their propositions and engage in productive one-to-one discussions with ADIB’s management and digital banking experts.

With concepts including Islamic FinTech, RegTech, Payments, Fraud Risk and Gamification, the startups may continue to collaborate with ADIB to create impactful solutions that can complement the bank’s evolving digital offering to enhance the customer experience.

Talha Khan, Head of Innovation at ADIB, said:“As we emerge from the Covid-19 pandemic, ADIB recognises that FinTechs need our support more than ever before. It was therefore very important to ADIB that we continue conducting these sessions in collaboration with DIFC FinTech Hive.”

“Though constructive dialogue with the eight FinTech startups, we are keeping updated with the latest trends as well as finding new opportunities for potential collaborations and partnerships. Hosting this event is greatly valuable in helping us explore emerging and innovative financial technologies to keep ADIB at pace with evolving client needs, especially during this time,” he added.

ADIB is an active supporter of the DIFC FinTech Hive, a first-of-its-kind accelerator, launched by the Dubai International Financial Centre to drive the development and growth of the FinTech ecosystem in the UAE.

ADIB has embarked on a progressive digital transformation journey that includes the ADIB Simple Lab, a modern and collaborative workspace for our innovation team, as well as a network of FinTechs, digital start-ups, and innovators with the aim of creating transformative banking and finance solutions.

In addition, ADIB has made sure to accommodate to its customers’ needs during Covid-19 by launching several innovative solutions to allow customers remote access to their banking services. – TradeArabia News Service