Home Banking & Finance Abu Dhabi Islamic Bank launches new payment hub

Abu Dhabi Islamic Bank launches new payment hub

The bank has worked with ProgressSoft to ease the integration of cross-border services and accelerate cross-border remittances

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Abu Dhabi Islamic Bank (ADIB) has launched a new payment hub that allows customers to conduct their transfers quickly and efficiently.

ADIB has worked with the real-time payment solutions company, ProgressSoft, to ease the integration of cross-border services and accelerate cross-border remittances.

With the new payment hub, customers can now seamlessly process transfers, providing a solution that transforms payment processing capabilities. This redefines the speed, security, and efficiency of ADIB’s payment services across diverse channels and third-party networks.

“The successful implementation of ProgressSoft’s Payments Hub Platform comes at a time when ADIB is focused on driving digital-first solutions throughout the bank’s operations. This robust new platform will transform the way ADIB’s payment services function across the board,” said Fernando Plaza Lopez, Chief Digital Officer, ADIB.

The dynamic platform aligns with ADIB’s vision for expanding digital services at the front end as well as global payment corridors at the back end. With advanced and scalable features, the Islamic bank gains the flexibility to adapt effortlessly to market trends, enabling the introduction of additional payment services with minimal disruption to its back-end systems.

“This successful launch signifies the culmination of a shared vision between ADIB and ProgressSoft,” said Michael Wakileh, CEO of ProgressSoft.

“Together we have launched a transformative platform that not only addresses the demands of today but also anticipates the needs of tomorrow, reinforcing our joint commitment to delivering excellence in banking services.”

The robust and scalable payment infrastructure solidifies ADIB’s position as a leader in the digital banking landscape, paving the way for its ambitious growth strategy in the UAE and beyond.