Abu Dhabi Islamic Bank (ADIB) said it has successfully migrated many of its applications and workloads, including customer-facing platforms and strategic core banking applications, to the Azure Cloud utilising various cloud computing services such as blockchain, AI, and data warehouse.
The transformation is expected to further enhance the bank’s current infrastructure to a cloud-based ecosystem offering customers easy and convenient banking service experiences.
ADIB has been modernising its legacy applications and technical systems while leveraging the benefits of the cloud ecosystem to enhance service availability, deploy new customer experiences and digitise operations.
The bank partnered with Cloud4C on its transformation project. Cloud4C is an Azure expert specialising in advanced cloud-managed services. ADIB said it chose Cloud4C because of the company’s broad and deep portfolio of cloud services, overall commitment to cloud security and strong financial services experience.
“ADIB has been at the forefront of digital transformation and continues to invest in re-architecting its technology to be more innovative and responsive to customer needs. We migrated to the cloud in recognition of the need to create an environment that is optimised for rapid changes and that will help in rolling out our digitisation strategy to better cater to the constantly evolving needs of customers,” said Ashley Veasey, group chief information officer at ADIB.
Veasey said with the migration to the cloud, ADIB is now in a position to deliver new applications rapidly, while adhering to the highest standards of security.
The Shariah-compliant lender has significantly invested in strategic technology initiatives to make banking more convenient for its customers over the past three years. This includes initiating a comprehensive re-architecture of its technology as well as investing in advanced analytics and machine learning services to help customers make more informed financial decisions.
ADIB’s half-year profit surged by 61% to AED 2.3 billion compared to AED 1.4 billion a year earlier. Net profit for Q2 2023 jumped by 68% to reach AED 1.2 billion.
