Abu Dhabi Islamic Bank (ADIB) has completed its migration to cloud-native architecture using ZERO footprint topology, becoming the first Islamic bank globally to do so.
Additionally, ADIB is reportedly the first bank in the UAE / GCC region to implement Swift’s Alliance Cloud platform.
This collab enables ADIB to upgrade its financial messaging capabilities and leverage advanced technology to deliver secure, efficient, and scalable services to its retail and corporate customers.
Swift’s Alliance Cloud solution is a cloud-based finance messaging solution designed to modernize payment processes. By transitioning to a Software as a Service (SaaS) model, ADIB has achieved faster and more secure payment processing for retail and corporate clients.
This achievement reinforces ADIB’s operational resilience by minimizing service downtime and bolstering cybersecurity measures.
The implementation of Swift’s Alliance Cloud Platform supports ADIB’s Vision 2035, which emphasizes building the bank of the future.
By eliminating redundant systems and streamlining payment architecture, the bank aims to achieve significant cost efficiencies while modernizing its infrastructure to meet the evolving needs of its clients.
Manoj Bhojwani, Chief Information Officer at ADIB, stated:
“This milestone represents a significant stride in ADIB’s pursuit of operational excellence and digital transformation. Our collaboration with Swift highlights our commitment to staying ahead in a rapidly evolving financial landscape, ensuring our customers benefit from secure, efficient, and innovative solutions.”
Swift supports financial institutions in their transition to zero footprint, enabling ‘plug and play’ access to its Alliance Cloud solution regardless of architecture, channel, or volume requirements.
This reportedly ensures high levels of security, resilience, and reliability.
Michael Wakileh, ProgressSoft’s Chief Executive Officer, commented:
“We are proud to support ADIB and Swift’s collaboration using our Payments Hub Platform. With the successful rollout of cloud prerequisites and our Message Depot for message warehousing, we have enabled ADIB to fully migrate its message screening and controls for Swift.”
The implementation of Swift’s Alliance Cloud Platform provides ADIB’s retail customers with near-instant transaction completion, enabling quicker access to funds and a seamless payment experience.
Corporate clients benefit from the ability to manage high payment volumes with efficiency and reduced settlement times for global operations.