ADIB Becomes First Islamic Bank to Adopt Swift's Alliance Cloud Platform
Abu Dhabi Islamic Bank (ADIB) has become the first Islamic bank globally to migrate to a cloud-native architecture using a ZERO footprint topology, and the first bank in the UAE and wider GCC to implement Swift's Alliance Cloud platform.
The cloud-based financial messaging solution modernises payment processes through a Software-as-a-Service (SaaS) model, delivering faster and more secure payment processing for both retail and corporate clients.
Key benefits of the migration include enhanced operational resilience with minimised service downtime, strengthened cybersecurity controls, and meaningful cost efficiencies through streamlined infrastructure. Retail customers gain near-instant transaction completion, while corporate clients benefit from improved handling of high payment volumes and reduced settlement times for global operations.
Manoj Bhojwani, Group Chief Information Officer at ADIB, said: "This milestone represents a significant stride in ADIB's pursuit of operational excellence and digital transformation. By adopting Swift's Alliance Cloud, we are reinforcing our position as a leader in Islamic banking innovation and equipping ourselves to meet the evolving needs of our customers with greater agility and resilience."
Swift is supporting financial institutions with the move to zero footprint, enabling plug-and-play access to its Alliance Cloud solution regardless of architecture, channel or volume requirements, while maintaining the highest levels of security, resilience and reliability.
ProgressSoft, a key partner in the migration, played a crucial role by enabling ADIB to fully migrate its message screening and controls for Swift. Michael Wakileh, CEO of ProgressSoft, commented: "This partnership showcases the strength of ProgressSoft's technology in driving operational agility and ensuring seamless service delivery for ADIB."
The achievement reinforces ADIB's Vision 2035 strategy, positioning the bank as a leader in Islamic banking innovation and customer-centric digital services.
