After signing a partnership with "Astratech"… "Abu Dhabi Islamic" The first bank to provide integrated financial services via… "Butem"
Abu Dhabi, April 22nd / WAM / Abu Dhabi Islamic Bank announced the conclusion of a partnership with “Astratec”, which specializes in the areas of development and technological investment for consumers in the Middle East and North Africa region and the parent company of the “Botem” platform, thus becoming the first bank to provide financial services through the application. “Botim” for users in the UAE.
Under this partnership, Abu Dhabi Islamic Bank will cooperate with Butem to develop the customer experience, allowing them to access the financial services and products that the bank will provide through the application.
This partnership is the first cooperation of its kind that aims to seamlessly integrate Sharia-compliant financial services into daily digital transactions, to enhance the ability of all users to access them.
The new partnership will focus on facilitating the integration of a range of Sharia-compliant banking products and services from Abu Dhabi Islamic Bank into the “Botem” application.
The partnership agreement aims to commit to continuing work to raise the level of digital banking solutions and develop new financial practices that combine reliability and authenticity of traditional banking services with flexibility and innovation in financial technology.
Amit Malhotra, Global Head of Retail Banking at Abu Dhabi Islamic Bank, said: “Our partnership provides a clear example of integration in financial and banking services, and we will work closely with the “Botem” platform to develop the customer experience and integrate the bank’s products and services directly, allowing us to provide millions of users with In the UAE with smooth and secure financial services that will enhance our position in pioneering digital banking innovations. This cooperation is also consistent with our commitment to financial inclusion and sustainability, and advances the achievement of our goals in governance, social and institutional matters.”
For his part, Abdullah Abu Al-Sheikh, founder of Astratech, and CEO of the Botem platform, said: “Our partnership with Abu Dhabi Islamic Bank confirms Astratech’s commitment to innovation and financial inclusion, and unifying our efforts in this field is an important step towards achieving a transformation in enabling access to services.” “Integrating the solutions provided by the bank into our leading platform, ‘Botem,’ will contribute to simplifying banking services, in addition to creating a new model for providing financial services in the digital age, which confirms Astratech’s commitment to innovation and achieving financial inclusion at the region level.”
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