"Abu Dhabi Islamic" It adopts the open financing program
ABU DHABI, 19 JANUARY / WAM / Abu Dhabi Islamic Bank announced the launch of the open financing program, in a step within the path of open financing in the country, and in line with the “Al-Tariq” open financing initiative issued by the Central Bank of the United Arab Emirates.
Open finance gives consumers a clearer vision and a broader ability to manage their financial affairs, by providing access to a wider range of services, enabling them to make informed decisions that match their needs and preferences, and benefit from an integrated digital banking experience across the banking sector.
On this occasion, Mohammed Abdel Bari, CEO of Abu Dhabi Islamic Bank Group, said that the bank is one of the first banks to advance the path of open financing, stressing its effective contribution to supporting the ambitious agenda of the UAE Central Bank to build a financial system that is more focused on customers, more transparent and innovative.
He added that the bank views open financing not only as an achievement in regulatory frameworks, but as a strategic opportunity to enhance the value we provide to customers and partners.
According to the bank, so far, the first phase of operation has succeeded in meeting all regulatory and technical requirements, with the implementation of actual financial transactions that confirmed the readiness of integrated communication through application programming destinations approved by the Central Bank and with the highest security standards.
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