Abu Dhabi Islamic Bank (ADIB), which is one of the UAE’s leading Islamic financial institutions, has launched its first application programming interface (API) developer portal to boost open banking within the nation.
The new ADIB API Developer portal will allow fintech developers to build their own applications and new products that interact seamlessly with ADIB’s platforms.
This means that ADIB customers will be able to connect a new world of secure apps and services to their banking easily, including the ability to see accounts held with other providers through their ADIB mobile app.
ADIB’s open banking API platform follows UK Open Banking standards. It aims to provide a range of data to access, use, and share by third-party providers (TPPs) such as payment initiators, account aggregators, and other fintechs to deliver new digital services to meet customer and market expectations.
Open Banking also offers customers more control over their financial data. The portal complies with the highest international standards on data privacy, ensuring the security of customers’ personal data.
ADIB API developer platform comes as part of the bank’s vision to become the world’s most innovative Islamic bank.
It fully embraces the opportunities of open banking, which has the potential to revolutionise the industry and the way that people manage their money and do their banking.
ADIB API portal will make it really simple for developers to build services that work seamlessly with ADIB’s platforms, and to deliver even more exceptional customer experiences.
Recently, the bank has also launched Amwali, the UAE’s first digital banking platform designed to empower young people.
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