Workflow
AI advisory services
icon
Search documents
Dubai Islamic Bank forges alliance HCLTech to integrate AI
Yahoo Financeยท 2025-10-22 10:46
Core Insights - Dubai Islamic Bank (DIB) has partnered with HCLTech to integrate AI into its banking services, aiming to enhance operational capabilities through responsible and scalable AI applications [1][2] - The collaboration will provide DIB with access to AI advisory services and HCLTech's global technology partnerships, focusing on innovation and operational agility [2][3] Company Objectives - The primary goal of the partnership is to utilize AI for improving personalized customer interactions, streamlining decision-making processes, and strengthening risk management and regulatory compliance frameworks [3] - DIB's Chief Operating Officer, Obaid Al Shamsi, emphasized that the partnership is a significant step towards realizing an AI-driven future that adds value for customers and enhances governance frameworks [4] Commitment to Ethical Finance - DIB is committed to leading the evolution of ethical finance by adopting advanced technologies that merge intelligence with integrity, believing that responsible AI can transform banking into a more transparent and inclusive ecosystem [5] - The bank, founded in 1975, manages assets exceeding $100 billion and serves over five million customers with a diverse range of Shariah-compliant banking products [5][6]