Abu Dhabi, October XX, 2017: Abu
Dhabi Islamic Bank (ADIB), a leading financial institution, has
partnered with StartUp Academy on an event to apprise small and medium-sized
enterprises (SMEs) of how they can harness the latest FinTech developments to
support the growth of their business.
Held in Dubai, the event was the third StartUp
Academy forum of the year, with ADIB’s Mahdi Kilani, Head of ADIB Business, and
Haytham Elamaayergi, Global Head of Transaction Banking, sharing their
expertise on disruptive FinTech developments, blockchain, and how can entrepreneurs
and small business owners use financial technology to effectively run their
business.
“Developments in the FinTech industry should
continue to be at the forefront of SME owners’ minds as they can use the
technology to facilitate their financing processes, secure better credit
assessments and maintain proper data for the onboarding process. ADIB is
playing a major role in fostering the development of the UAE’s FinTech industry
through a range of initiatives and partnerships. We feel that it is
particularly important for ADIB to continue supporting the SME sector, and
providing technological solutions which can help businesses flourish is at the
heart of this strategy,” said Mahdi Kilani, Head of Business Banking at ADIB.
Haytham Elamaayergi, Global Head of Transaction
Banking at ADIB, added, “A secure and efficient trade and payment framework
which links businesses and clients is an essential component of a thriving SME
sector. Blockchain technology continues to transform transaction banking, with
SMEs expected to be one of the main beneficiaries of the disruptive power of
FinTech. As pioneering FinTech solutions come to market, ADIB will play a major
role in allowing SMEs gain access to relevant and convenient technology which
can support their business objectives.”
Speakers joining ADIB representatives for the
forum included: Omar Chihane, CEO of SellAnyHome.com; Craig Moore, Founder
& CEO of Beehive; Neil Patch, Chairman of Virtuzone; and Kat Budd, CEO of
Now Money.
ADIB has introduced and offers a number of innovative
technologies that can help SMEs grow, while also providing key advisory
services for entrepreneurs and business owners on how they can think critically
about strengthening their business in an increasingly competitive environment.
The bank has partnered with Fidor to launch the
region’s first ‘community-based digital bank. 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. This
year, ADIB also launched its new generation of digital branch called ‘ADIB
Express’, providing customers with access to an array of digital services
within the branch environment.*
ADIB has sponsored three Arabian
Business StartUp Academy events in 2017 and is the programme’s Financial Education
Partner this year.