Categories: Press Releases

ADIB’s New Platform Helps Corporates Make Financial Transfers

Abu Dhabi Islamic Bank (ADIB) has announced launching a new digital platform named “ADIB Direct eFX”.

The platform allows the bank’s corporate clients to make financial transfers and international payments online at any time and from any location.

According to a press release published Tuesday, the new digital solution represents an important addition to ADIB Direct digital platform. In addition, it allows corporate customers to benefit to tap foreign exchanges services. Thus, the move supports customers’ imports and exports with just a few clicks.

Platform boosts ADIB’s digital business

For his part, Haytham Elmaayergi, global head of transaction banking at ADIB, said:

“The launch of ADIB Direct eFX provides a significant addition to the ADIB Direct digital platform, allowing corporate clients to access foreign exchanges services to support their imports and exports with just a few clicks.”

“Through ADIB Direct’s integrated dashboard, clients no longer need to call the treasury desk or visit branches to get currency rates but can obtain them from the comfort of their office,” he added.

The bank is currently developing an ambitious plan for digital transformation which aims to boost productivity and improves banking experience of customers at the level of all sectors.

In addition, he went up to say:

“This is part of a wider commitment by ADIB to help businesses across the region to enhance their efficiency, liquidity and risk mitigation objectives through unrivalled financial and digital solutions.”

Going forward, the platform was designed to help customers improve their ability to manage their financial resources locally and internationally. In addition, it enables customers to predict cash flows, manage trade finance.

Earlier, Cryptolydian cited a study conducted by Bloomberg Intelligence stating that major banks in the UAE are adopting digital services to compete in the maturing blockchain industry that has growing customer needs.

The study highlighted the importance of fostering digital services in order to boost market share, establish resilient and cost-effective activities, as well as creating an environment facilitating the growth of financial technology.

Rabea Maguid

Rabea Maguid is a journalist completely obsessed with crypto industry. He holds B.A. from Al-Azhar University, and has a background in journalism and economics. Rabea Maguid likes to think about the future in a positive way, and sees blockchain as a potential driver of deep societal change.

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