ADIB to support Fintech startups

ABU DHABI: 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 United States, 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 impacful solutions that can complement the bank’s evolving digital offering to enhance the customer experience.

Talha Khan, Head of Innovation at ADIB, commented: “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.”

He continued: “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.”