Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) has entered into a partnership with the US-headquartered FIS, a technology solution provider, to modernise the bank's digital payment services and offer instant payment to customers.

ADIB will benefit from the FIS Open Payment Framework (OPF), an innovative payments infrastructure hub, to expand its range of payment services, according to a press release on Monday.

The OPF will enable the bank to facilitate end-to-end execution, cut the payment processing costs, enhance Straight-Through Processing (STP), and support its payment services and schemes.

The Group Head of Retail Banking at ADIB, Philip King, said: "Through the partnership with FIS, we will be able to provide our customers with an instant streamlined payment experience. This means customers will be able to initiate all types of end-to-end transfers via any of ADIB’s channels and be informed in real-time of their progress through the payment value chain."

Meanwhile, the Group Managing Director of MEA at FIS, Vikram Suri, commented: "ADIB is joining a growing roster of organisations that are taking advantage of the advanced functionalities of the FIS Open Payment Framework."