ABU DHABI - Abu Dhabi Islamic Bank (ADIB) has signed a
partnership with Astra Tech, a specialist in consumer technology in the MENA
region and parent company of Botim. ADIB has become the first bank to provide
users across the country with access to financial services on the Botim Ultra
app.
As per the agreement, ADIB and Botim will collaborate to
develop user-friendly pathways for Botim users to access ADIB services and
products through their app.
This partnership marks a first-of-its-kind collaboration
aimed at seamlessly integrating Sharia-compliant financial services into daily
digital interactions, thereby enhancing accessibility for all.
This landmark achievement will leverage ADIB's financial
expertise alongside Astra Tech's innovative Botim Ultra App. This partnership
will integrate ADIB's range of Sharia compliant banking products and services,
into the Botim app and establish a new market precedent by merging the
reliability and depth of traditional banking with the agility and innovation of
fintech.
Amit Malhotra, Global Head of Retail Banking at ADIB,
commented, "We will work closely with Botim to develop the journeys where
ADIB's products and services can be directly accessed within the Botim
platform, providing millions of users in the UAE with a seamless and secure way
to bank right where they are. This solidifies ADIB's position at the forefront
of digital banking innovation and aligns with our commitment to both financial
inclusion and sustainability, further strengthening our ESG goals."
Abdallah Abu Sheikh, Founder of Astra Tech and CEO of Botim,
said, "Joining forces with ADIB represents a significant step in our
mission to revolutionise access to financial services. By working with ADIB to
incorporate ADIB's banking solutions into our ultra platform, Botim, we're not
just simplifying banking – but creating a new paradigm in how financial
services are delivered in the digital era. This move is a testament to Astra
Tech's commitment to innovation and financial inclusion in the region."