Visa has signed a MoU with Abu Dhabi Islamic Bank (ADIB) to strengthen cybersecurity in digital payments.
The partnership aims to enhance ADIB’s security framework, integrating Visa’s threat intelligence and AI-driven fraud prevention tools.
The agreement establishes ADIB’s participation in Visa’s cybersecurity initiatives, including real-time risk assessment technologies to combat emerging threats.
“As the cyber threat landscape evolves alongside the digitalisation of financial services, we are committed to strengthening the UAE’s payments ecosystem,”
said Dr Saeeda Jaffar, Visa’s Senior Vice President and Group Country Manager for the GCC region.
“Visa continues to invest in emerging technologies to support partners in building future-focused risk management strategies.”
Mohamed Abdelbary, Group Chief Executive Officer at ADIB added:
“Ensuring the highest standards of cybersecurity is a priority for ADIB as we work towards our 2035 vision of a future-ready bank. This partnership reflects our commitment to safeguarding customers and providing secure, Sharia-compliant digital banking experiences.”
Visa offers AI-powered risk detection services, including Visa Advanced Authorisation and Visa Risk Manager, to help financial institutions and merchants mitigate fraud.
As cybersecurity threats extend beyond payments to personal data, Visa has also developed solutions to protect credentials and financial information.
Early this month, ADIB became the first Islamic bank globally to migrate to a cloud-native architecture using zero-footprint topology and the first in the UAE and GCC to implement Swift’s Alliance Cloud platform.
Featured image credit: Visa
