Abu Dhabi Police partners with Wio Bank to combat financial crime

By Leandra Monteiro

Abu Dhabi Police has signed a memorandum of understanding (MoU) with Wio Bank P.J.S.C, the region’s first platform bank to enhance efforts to combat financial crimes and fraud.

Wio Bank and the Abu Dhabi Police will exchange expertise and knowledge, to develop the skills of employees, build capacities and competencies, in their relevant fields and specialisations.

Furthermore, both the parties will exchange expertise on field investigations into financial fraud and money laundering, and prepare field studies, questionnaires, and studies, to further develop financial security in Abu Dhabi.

This latest announcement follows in the footsteps of the bank’s recent partnership with Paymentology. The two companies joined forces to power Wio’s banking model with customer-centric card payment services. Wio Bank PJSC is leveraging Paymentology’s in-cloud card issuing platform and data analytics capabilities to launch financial products quickly and at scale, as it empowers businesses and consumers with modern digital banking solutions.

Wio Bank PJSC has also announced the launch of its new ‘Grow’ business plan for Wio Business customers, introducing a suite of benefits to support business growth. The enhanced offerings under the new plan are designed to make banking simpler, more accessible, and cost-effective for small and medium-sized businesses (SMEs) in the UAE.

Abu Dhabi is the federal capital of the United Arab Emirates (UAE) and the home of the government.