Abu Dhabi Police partners with Wio Bank to fight financial crime

by Leandra Monteiro

Abu Dhabi Police and Abu Dhabi Police sign a Memorandum of Understanding (MoU) wow bank PJSC is the first platform bank in the region to step up its fight against financial crime and fraud.

Wio Bank and Abu Dhabi Police will exchange expertise and knowledge in order to develop the skills of the employees and develop competencies and competencies in related and specialized fields.

In addition, both parties will exchange expertise on field investigations of financial fraud and money laundering, and prepare field studies, questionnaires and studies to further develop financial security in Abu Dhabi.

This latest announcement comes on the heels of the bank’s recent partnership with Paymentology. The two companies join forces to support Paymentology’s banking business model with customer-centric card payment services. Wio Bank PJSC is leveraging Paymentology’s cloud-based card issuance platform and data analytics capabilities to launch financial products at speed and scale as it provides modern digital banking solutions to businesses and consumers.

Wio Bank PJSC also announced the launch of a new “Grow” business plan for Wio Business customers, introducing a range of benefits to support business growth. The enhanced offerings under the new scheme aim to make banking simpler, more accessible and cost-effective for small and medium enterprises (SMEs) in the UAE.

Abu Dhabi is the federal capital and seat of government of the United Arab Emirates (UAE).