Dubai Islamic Financial institution (DIB) has joined forces with international know-how agency HCLTech to include AI into its banking providers.
This partnership is aimed toward enhancing the financial institution’s operational capabilities via the “accountable” and scalable software of AI.
HCLTech Center East nation head Vineet Shukla stated: “By leveraging HCLTech’s full-stack AI portfolio and deep area experience, we stay up for collaborating with DIB to unlock innovation, improve operational agility and ship differentiated experiences for patrons.”
With the partnership in place, DIB may have entry to AI advisory providers and the experience of HCLTech’s international alliances with varied know-how companions.
The target is to utilise AI to refine personalised buyer interactions, streamline decision-making, and fortify the financial institution’s frameworks for threat administration and regulatory compliance.
DIB chief working officer Obaid Al Shamsi stated: “At DIB, innovation has at all times been anchored in duty and function. Our partnership with HCLTech marks a pivotal step ahead in realising our imaginative and prescient of an AI-driven future that enhances worth for our clients, empowers our folks, and strengthens our governance frameworks.
Al Shamsi added: “We stay dedicated to main the evolution of moral finance by embracing superior applied sciences that mix intelligence with integrity. This collaboration displays our perception that AI, when responsibly utilized, has the ability to remodel banking right into a extra clear, inclusive, and future-ready ecosystem.”
DIB is listed on the Dubai Monetary Market and was based in 1975.
It manages property surpassing $100bn and employs a workforce of over 10,000 throughout practically 450 branches.
With a buyer base of over fivemillion, DIB supplies a various vary of Shariah-compliant banking services to people, companies, and establishments.
In 2023, DIB selected HPE GreenLake to improve buyer expertise and modernise core Banking platform.
“Dubai Islamic Financial institution forges alliance HCLTech to combine AI ” was initially created and printed by Retail Banker Worldwide, a GlobalData owned model.
The knowledge on this website has been included in good religion for common informational functions solely. It’s not meant to quantity to recommendation on which you must rely, and we give no illustration, guarantee or assure, whether or not categorical or implied as to its accuracy or completeness. You have to receive skilled or specialist recommendation earlier than taking, or refraining from, any motion on the idea of the content material on our website.
