Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has successfully launched a cutting-edge payment hub, transforming the way customers conduct their transfers with speed and efficiency. In collaboration with real-time payment solutions company ProgressSoft, ADIB aims to streamline Cross-Border Services and expedite cross-border remittances through this strategic initiative.

The newly launched payment hub signifies a significant upgrade in ADIB’s technologies, offering customers a seamless and efficient solution for processing transfers. This innovation redefines the speed, security, and efficiency of ADIB’s payment services across various channels and third-party networks, demonstrating the bank’s commitment to innovation and surpassing customer expectations.

Fernando Plaza Lopez, Chief Digital Officer at ADIB, highlighted the importance of this advancement, stating, “The successful implementation of ProgressSoft’s Payments Hub Platform comes at a time when ADIB is focused on driving digital-first solutions throughout the bank’s operations. This robust new platform will transform the way ADIB’s payment services function across the board. In line with our commitment to delivering digital excellence for our customers, ADIB will continue to develop its digital capabilities to offer bespoke solutions for all our stakeholders.”

The dynamic platform aligns with ADIB’s vision for expanding digital services at the front end and global payment corridors at the back end. Equipped with advanced and scalable features, ADIB gains the flexibility to adapt effortlessly to market trends, allowing the introduction of additional payment services with minimal disruption to its back-end systems. This robust and scalable payment infrastructure solidifies ADIB’s position as a leader in the digital banking landscape, paving the way for its ambitious growth strategy in the UAE and beyond.

Michael Wakileh, Chief Executive Officer of ProgressSoft, emphasized the collaborative effort that led to this successful launch, stating, “This successful launch signifies the culmination of a shared vision between ADIB and ProgressSoft. Together we have launched a transformative platform that not only addresses the demands of today but also anticipates the needs of tomorrow, reinforcing our joint commitment to delivering excellence in banking services.”

The partnership between ADIB and ProgressSoft marks a significant milestone, ushering in a new era in banking where pioneering strategies and customer-focused solutions serve as the driving forces. The innovative platform not only meets the current demands but also positions ADIB to anticipate and address future needs, reinforcing the bank’s commitment to excellence in banking services. This collaboration solidifies ADIB’s role as a frontrunner in embracing digital transformation to enhance customer experiences and streamline financial transactions.