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
/ Wednesday , January 22 2025
Fortinet customers must apply the latest updates, as almost 50,000 management interfaces remain vulnerable to the latest zero-day exploit. The...
Read More
By infosecbulletin
/ Tuesday , January 21 2025
Every day a lot of cyberattack happen around the world including ransomware, Malware attack, data breaches, website defacement and so...
Read More
By infosecbulletin
/ Tuesday , January 21 2025
Ubuntu 22.04 LTS users are advised to update their systems right away due to a crucial security patch from Canonical...
Read More
By infosecbulletin
/ Tuesday , January 21 2025
Attackers are pretending to be Ukraine's Computer Emergency Response Team (CERT-UA) using AnyDesk to access target computers. “Unidentified individuals are...
Read More
By infosecbulletin
/ Tuesday , January 21 2025
Oracle Critical Patch Update Pre-Release Announcement shares details about the upcoming update scheduled for January 21, 2025. Note that this...
Read More
By infosecbulletin
/ Tuesday , January 21 2025
OWASP has released its updated list of the top 10 vulnerabilities in smart contracts for 2025. This guide highlights the...
Read More
By infosecbulletin
/ Monday , January 20 2025
Security researchers have found several vulnerabilities in Azure DevOps that could enable attackers to inject CRLF queries and carry out...
Read More
By infosecbulletin
/ Monday , January 20 2025
Intel Corporation is a leading semiconductor chip manufacturer, employing at least 22 graduates from the Department of Applied Chemistry and...
Read More
By infosecbulletin
/ Sunday , January 19 2025
vpnMentor’s Research Team is monitoring the potential TikTok ban in the U.S., driven by national security and data privacy issues....
Read More
By infosecbulletin
/ Saturday , January 18 2025
MITRE launched D3FENDTM 1.0, a cybersecurity framework that provides a vocabulary and understanding of the cyber domain. D3FEND 1.0, funded...
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.