back Back

Abu Dhabi Police partners with Wio Bank to combat financial crime

By Leandra Monteiro

April 10, 2023

  • Abu Dhabi Police
  • Cybercrime
  • Digital Attacks
Share

Wio Bank, Abu Dhabi Police 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.

Previous Article

April 10, 2023

Curve brings wearable payments to 31 EU countries with Tappy Tech

Read More
Next Article

April 10, 2023

Point Hope launches funding platform to acquire Asian consumer NPLs

Read More








IBSi Daily News Analysis

March 22, 2024

Abu Dhabi Police

Industry experts stress modernization, sustainability, and AI as cornerstones for future of corporate banking, Finastra study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

March 28, 2024

Sindhuja Microcredit secures $14.5m in Series C Funding round

Read More

March 28, 2024

Pulsate joins the Jack Henry™ Vendor Integration Program

Read More

March 28, 2024

HID & Santander team to secure mobile banking with authentication technology

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023