Strategic Partnership · BaaS · 2022

ADGM partners with ADIB, RAKBANK, and Wio Bank for SME banking services

Abu Dhabi Global Market (ADGM) announced Memorandum of Understanding (MoU) with Abu Dhabi Islamic Bank (ADIB), RAKBANK, Wio Bank on November 18, 2022.

Primary
Abu Dhabi Global Market (ADGM)
Counterparty
Abu Dhabi Islamic Bank (ADIB), RAKBANK, Wio Bank
Structure
Memorandum of Understanding (MoU)
Date
November 18, 2022
Sub-sector
BaaS

ADGM partners with three regional banks to provide preferential banking services, account opening, and fintech collaboration to SMEs in Abu Dhabi.

Amount
Not disclosed
Event date
November 18, 2022
Sub-sector
BaaS
HQ
Not disclosed
Structure
Memorandum of Understanding (MoU)
Source published
November 18, 2022
Publisher
Big News Network / WAM

Source: bignewsnetwork.com