First Abu Dhabi Bank news and trends

First Abu Dhabi Bank Completes Programmable Payments Pilot With JPM Coin
Blockchain // September 25, 2024

First Abu Dhabi Bank (FAB) successfully completed a pilot using programmable payments with JPM Coin through Onyx by J.P. Morgan. This programmability enables payments to be triggered at specific times or events, FAB said in a Tuesday (Sept. 24) press release. “This successful pilot opens...

DIFC Selects Tarabut Gateway for MENA’s First Open Finance Lab Partner 
Banking // June 28, 2022

The Dubai International Financial Centre (DIFC) has chosen the open banking platform Tarabut Gateway as the preferred technical platform partner for its new Open Finance Lab, formally launching Tuesday (June 28), according to a press release.  The UAE’s Open Finance Lab initiative is a six-month...

Today in Payments Around the World: FAT Brands Opens Ghost Kitchens in Middle East, Western...
International // September 07, 2021

Today in payments around the world, First Abu Dhabi Bank is selling its stake in payments division Magnanti and PayMyTuition partners with dLocal on international tuition payments. Plus, KYODIA and Western Union team up on cross-border B2B money transfers and FAT Brands is opening 70...

First Abu Dhabi to Sell Stake in $1B Payments Unit
International // September 07, 2021

First Abu Dhabi Bank (FAB), a public joint stock company and the largest bank in the United Arab Emirates (UAE), is looking to sell a stake in its estimated $1 billion payments division Magnati, Bloomberg reported. The report said that FAB is collaborating with Morgan...

Quick Reads
First Abu Dhabi Bank Completes Programmable Payments Pilot With JPM Coin

September 25, 2024
First Abu Dhabi Bank (FAB) successfully completed a pilot using programmable payments with JPM Coin through Onyx by J.P. Morgan. This programmability enables payments to be triggered at specific times or events, FAB said in a Tuesday (Sept. 24) press release. “This successful pilot opens up the possibility of a dynamic and automated funding and […]

DIFC Selects Tarabut Gateway for MENA’s First Open Finance Lab Partner 

June 28, 2022
The Dubai International Financial Centre (DIFC) has chosen the open banking platform Tarabut Gateway as the preferred technical platform partner for its new Open Finance Lab, formally launching Tuesday (June...

First Abu Dhabi to Sell Stake in $1B Payments Unit

September 07, 2021
First Abu Dhabi Bank (FAB), a public joint stock company and the largest bank in the United Arab Emirates (UAE), is looking to sell a stake in its estimated $1...