Home Banking & Finance ADIB, DIFC Innovation Hub partner to drive regional fintech growth

ADIB, DIFC Innovation Hub partner to drive regional fintech growth

The collaboration seeks to create proof-of-concept projects, where the DIFC Innovation Hub will support ADIB in collaborating with the shortlisted fintech firms

ADIB, DIFC Innovation Hub partner to drive regional fintech growth
ADIB will be introduced to shortlisted fintech companies to create proof-of-concept for various use cases. Image credit: WAM

Abu Dhabi Islamic Bank (ADIB) has partnered with DIFC Innovation Hub to accelerate fintech adoption.

The ‘Innovation Scouting’ programme is designed to connect corporates and financial industry leaders with some of the most innovative fintech startups in the region to accelerate innovation adoption across verticals.

“This strategic collaboration with DIFC Innovation Hub underscores our commitment to embracing disruptive technologies and fostering a culture of innovation at ADIB. Moreover, it will contribute to the advancement of the UAE’s financial sector, positioning the nation as a leader in fintech innovation on a global scale,” said Fernando Plaza, Chief Digital Officer at ADIB.

The collaboration seeks to create proof-of-concept (PoC) projects, where the DIFC Innovation Hub will support ADIB in collaborating with the shortlisted fintech firms to ensure successful implementation.

The partnership establishes a dedicated programme to help ADIB discover and implement cutting-edge fintech solutions to accelerate innovation within their organisation and external offerings. DIFC Innovation Hub will be customised as part of the programme while hosting discovery sessions with ADIB to identify business needs for fintech innovation.

Leveraging its vast network, DIFC Innovation Hub will help scout promising fintech startups with solutions that address these key areas. Following a rigorous evaluation process, ADIB will ultimately be introduced to shortlisted fintech companies to create POCs for various use cases.