
UAE Abu Dhabi Commercial Bank (ADCB) has launched Meedaf, a pioneering Blockchain and AI enabled financial services venture designed to help banks and financial institutions across the UAE and GCC region enhance operational efficiency, reduce costs, and remain competitive through innovation and advanced technologies.
Operating as an independent entity within Abu Dhabi Global Market (ADGM), Meedaf focuses on providing specialized solutions to streamline financial operations, strengthen security, and improve customer experience. Key offerings include AI-driven automation for collections, risk assessment, and regulatory compliance, blockchain-enabled security to enhance fraud detection, as well as transaction security and predictive analytics to optimize financial processing and improve service efficiency.
As per the press release, Meedaf will also deliver customer-centric digital solutions, such as loyalty program management, designed to drive client engagement and improve overall service delivery.
Ala’a Eraiqat, Group CEO of ADCB, commented, “Meedaf marks a pivotal milestone in ADCB’s evolution beyond traditional banking, reinforcing our commitment to innovation and transformation. By delivering scalable, innovative solutions for institutions across the GCC, this initiative is a bold statement of our vision for an agile and efficient financial sector. Our objective is to help unleash the industry’s potential to drive significant positive impact across the wider economy.”
To drive its ambitious agenda, Eng. Abdulla Abdul Aziz AlShamsi, Managing Director and CEO of Meedaf, will lead the company’s strategic direction and growth while continuing his role as ADCB’s Group Chief Business Officer.
Eng. Abdulla Abdul Aziz AlShamsi, Managing Director and CEO at Meedaf, commented, “I am honored to lead Meedaf in shaping the future of financial services. By leveraging ADCB’s expertise and forming strategic partnerships, we are dedicated to building a regional hub for financial innovation, delivering world-class solutions that create tangible value for businesses and communities across the region.”