Abu Dhabi Islamic Bank (ADIB) has become the first bank in the UAE to offer a convenient remote account opening service for small and medium-sized enterprises (SMEs) using facial recognition technology. This new service allows businesses to open an account without having to visit a branch or submit physical documents.
To open an account, businesses simply need to download the ADIB Direct Business app and complete the application process. The app uses facial recognition technology to verify the identity of the applicant and to capture their Emirates ID and passport information.
By infosecbulletin
/ Thursday , November 21 2024
Renowned cybersecurity researcher Jeremiah Fowler uncovered a non-password-protected database having over 1.1 million records linked to Conduitor Limited (Forces Penpals)....
Read More
By infosecbulletin
/ Wednesday , November 20 2024
Trend Micro released a security update for Deep Security 20 Agent Manual Scan Command Injection RCE Vulnerability (CVE-2024-51503) that resolves...
Read More
By infosecbulletin
/ Wednesday , November 20 2024
Apple released critical updates for its various products including for iOS, iPadOS, macOS, visionOS, and Safari to fix two zero-day...
Read More
By infosecbulletin
/ Tuesday , November 19 2024
Maxar Space Systems has verified a major data breach that exposed particular information of current and former workers. The breach...
Read More
By infosecbulletin
/ Tuesday , November 19 2024
A security vulnerability (CVE-2024-52308) in the GitHub Command Line Interface (CLI) could allow remote code execution on users' devices. With...
Read More
By infosecbulletin
/ Tuesday , November 19 2024
“Sarcoma” ransomware group attacked a well known Bangladeshi insurance company named "Popular life insurance company ltd". The threat actor keeps...
Read More
By infosecbulletin
/ Monday , November 18 2024
Bug Hunt 2024, one of the largest cyber security competitions and conferences in Bangladesh, was successfully held at the ICT...
Read More
By infosecbulletin
/ Saturday , November 16 2024
A serious security flaw has been found in some TP-Link routers, potentially enabling hackers to remotely access the affected devices.The...
Read More
By infosecbulletin
/ Saturday , November 16 2024
The Wall Street Journal reported on Friday citing people familiar with the matter that T-Mobile’s network was among the systems...
Read More
By infosecbulletin
/ Friday , November 15 2024
"Palo Alto Networks has observed threat activity exploiting an unauthenticated remote command execution vulnerability against a limited number of firewall...
Read More
The app also uses OCR and NFC technology to validate trade licenses and customer data. Once the application is complete, an SMS will be sent to the applicant to confirm that their account has been activated.
ALSO READ
Trend Micro hold workshop with partners at Dhaka today
The launch of this new service is part of ADIB’s commitment to supporting SMEs with innovative digital solutions. The service is available to businesses with a Dubai mainland license and will be extended to businesses in Abu Dhabi in the coming months.
ADIB is a leading digital bank in the UAE. The bank has a strong focus on innovation and has been at the forefront of the adoption of new technologies in the banking industry. The launch of this new service is a further demonstration of ADIB’s commitment to providing its customers with the best possible banking experience.
Here are some of the benefits of the new service:
- Convenience: Businesses can open an account from the comfort of their own homes or offices.
- Speed: The entire process can be completed in minutes.
- Security: The use of facial recognition technology and other security measures ensures that the account opening process is secure.
ADIB is a leading digital bank in the UAE and the launch of this new service is a further demonstration of the bank’s commitment to providing its customers with the best possible banking experience.