Tuesday 26, September 2017 by Nabilah Annuar

ADIB to exhibit global transaction banking offering at SIBOS 2017

Abu Dhabi Islamic Bank (ADIB) is exhibiting at SIBOS 2017 in Toronto, Canada as part of its commitment to grow its Global Transaction Banking (GTB) and Financial Institutions (FI) businesses into new markets.

Over the past year, ADIB has renewed and elevated its GTB and FI offering, upgrading its digital platform and implementing enhanced systems and processes. It has also expanded its product suite across cash management, trade finance and treasury to enhance the efficiency and security of its service.

Commenting on this, Haytham El Maayergi, Head of Global Transaction Banking said, “Our participation at SIBOS this year will help to strengthen our relationships with existing clients while also building new partnerships in the global banking sector. Global Transaction Banking is an area of strength for ADIB, while the UAE’s geographic position at the heart of the East-West corridor offers compelling growth opportunities. We will continue to act as a trusted partner to our diverse range of international and domestic clients, providing high-quality transaction banking solutions which can best support their commercial objectives.”

At SIBOS 2017, which is being held under the theme of ‘Building for the Future’, ADIB will showcase its comprehensive network and ability to manage complex cross-border transactions to meet the evolving financing requirements of international corporate clients.

One of the world’s premier financial services events, SIBOS is organised by SWIFT and brings together over 8,000 business leaders, decision makers and topic experts from a range of financial institutions, multinational corporations and technology partners.

The conference will provide a broader context around evolving payments and securities industry trends, including the latest from the financial crime compliance world. Speakers and panellists will discuss opportunities and challenges in technology, disruptive competition and cultural shifts, as well as other major topics impacting the financial landscape. ADIB will showcase its deep regional expertise in markets such as UAE, Iraq, Sudan and Egypt, where it has a strong local presence.

In the last year, ADIB has launched an export financing service enabling exporters in the UAE and other ADIB markets to manage their working capital efficiently through a Letter of Credit facility. Additionally, ADIB has added risk participation to its product suite and is currently launching Trade Financing to FI clients.

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