- ADIB Direct enables businesses to access all their corporate banking needs through a unified digital platform
- The platform automates banking services allowing businesses in Iraq to save on costs and achieve greater operational efficiencies
Abu Dhabi, 19 May 2021: Abu Dhabi Islamic Bank (ADIB), a leading financial institution, revealed that it will strengthen its presence in Iraqi market by launching “ADIB Direct”, a digital platform that meets the growing business demands in Iraq.
ADIB Direct is an intuitive digital banking platform that integrates a suite of corporate banking solutions into a single, streamlined interface. The platform offers cash management solutions, cashflow forecasting, and foreign exchange services.
Abdullah Al Shehhi, Head of International Banking Group at ADIB said: “At ADIB, we believe we play an important role in supporting Iraq’s local economy by providing businesses the banking services they need to help them thrive and achieve their financial goals. Through ADIB Direct, we enable companies to efficiently manage their cash payments, liquidity, trade finance, supply chain and foreign exchange needs so they have more time to focus on their business.”
Since its launch in 2019 in UAE, ADIB Direct has helped automate a variety of services for companies, providing them with significant cost and time saving efficiencies. Currently, over 90% of ADIB UAE’s online corporate banking services are fulfilled digitally through the platform.
ADIB is the first UAE bank to have a presence in Iraq in 2012. The bank offers a full range of Shari’a compliant corporate banking products and services. With branches across Baghdad, Erbil, and Basra, ADIB’s broad banking expertise covers government and public sector entities, and a diversified private sector base of financial institutions, trading, contracting, oil & gas, power & energy, manufacturing, and other industries.
News Source: www.adib.ae
——
Disclaimer: The content of the above information is sourced (or provided), in entirety or in parts from an external source and the content may or may not be edited. The Wealth Today shall not be held liable for damages arising out of any action taken with respect to the use or consumption of information or service published above or anywhere else on the website. This website does not guarantee the accuracy, views, opinions or any promises expressed in the above news.
If you find any errors or discrepancies in the above information, you can write to us at editor@thewealth.today.
——
