Abu Dhabi Police join forces with Wio Bank to combat financial crimes

By Shilpa Annie Joseph, Official Reporter
  • Follow author on
Abu Dhabi Police join forces with Wio Bank
Officials from Abu Dhabi Police and Wio Bank.

Abu Dhabi Police has signed a memorandum of understanding (MoU) with Wio Bank, the region’s first platform bank, in order to enhance efforts to combat financial crimes and fraud.

The two parties will exchange expertise and knowledge, to develop the skills of employees, build capacities and competencies, in their relevant fields and specializations.

According to the statement, “Abu Dhabi Police and Wio Bank will exchange knowledge and expertise on field investigations into financial fraud and money laundering, prepare field studies, questionnaires and studies, to further develop financial security in Abu Dhabi.”

Recently, Wio Bank joined forces with the London-based leading global issuer-processor, Paymentology to power its innovative banking model with customer-centric card payment services.

Under the partnership, Wio Bank will be leveraging Paymentology’s industry-leading in-cloud card issuing platform and data analytics capabilities to launch financial products quickly and at scale, as it empowers businesses and consumers with modern digital banking solutions.

In February, Wio Bank signed a Memorandum of Understanding (MoU) with Abu Dhabi Businesswomen Council in order to support female entrepreneurs with business banking solutions to grow their businesses.

The partnership will see a range of benefits extended to female entrepreneurs and business owners to enable them to manage their businesses successfully.

Earlier this year, in cooperation with Abu Dhabi Digital Authority, Abu Dhabi Police made all digital services available on the TAMM platform, supporting the emirate’s digital transformation, unifying access to government services online, and enhancing user experience.

Related: Global event ‘Dubai FinTech Summit’ to take place from May 8