Abu Dhabi Islamic Bank (ADIB) conducted a ‘speed meeting’ session to engage with some of the world’s most promising and exciting fintech companies, made up of selected finalists participating in the inaugural cycle of FinTech Hive at DIFC’s accelerator programme.
FinTech Hive at DIFC is a first-of-its-kind accelerator, launched by the Dubai International Financial Centre.
The participants of the accelerator programme, which is being run in partnership with Accenture, were chosen based on their business maturity, potential to thrive in the DIFC ecosystem, and degree of fit with the partnering financial institutions, including ADIB. The event enabled the 11 financials participating in Dubai’s first fintech accelerator programme to share ideas and experiences through a series of “Speed Meeting” sessions that stimulated constructive dialogue and collaboration. ADIB’s experts, led by the bank’s Chief Operating Officer Sagheer Mufti, were on hand to provide additional strategic insights and inspiration to the participants, which comprised entrepreneurs and businesses from countries including the USA, Canada, UK, Sweden, Azerbaijan, UAE, India, Jordan and Singapore.
span style=”font-size: small;”>“Fintechs and banks shouldn’t see each other as rivals, indeed we welcome this opportunity to engage in discussion and collaboration which can benefit all parties. The DIFC Fintech Hive provides an exceptional growth platform for each of the 11 participating companies. It provides an incubator which can allow these dynamic businesses to take the next step in their development. ADIB has a strong track record of investing and implementing innovative fintech solutions which can better enhance our customers’ experience,” said Mufti.
ADIB continues to integrate pioneering technology across its banking services. The bank has partnered with Fidor to launch one of the region’s first community-based digital banks. The new platform is designed to fit the lifestyle of millennial consumers also known as Generation Y, as well as those looking for a digital offering that matches their banking needs.
The bank formed a partnership with IBM in 2015 to create the ADIB-IBM digital studio, which has been responsible for improving digitisation both within the bank, and in our app and website.—Agencies