Finance House's Dhabi Bank Targets Digital Cross-Border Banking in ADGM

Finance House launched Dhabi Bank in the Abu Dhabi Global Market, the company said. The bank will offer digital banking services and cross-border financial solutions.

Dhabi Bank aims to provide integrated global banking services. The launch adds a new locally incorporated bank to ADGM, the financial free zone in Abu Dhabi. ADGM has attracted a growing number of financial institutions in recent years, including both regional and international lenders.

The bank's focus on digital and cross-border services puts it in competition with other ADGM-based banks that target similar client segments. Finance House said the bank targets both retail and corporate clients. Digital banking and cross-border payment services have been a focus for Gulf banks as they seek to diversify revenue and serve international trade flows.

Finance House is a financial services firm based in Abu Dhabi. The launch of Dhabi Bank marks its entry into the banking sector. The bank will operate under ADGM's regulatory framework, which follows English common law.

Dhabi Bank is now operational in ADGM. The launch comes as the financial free zone continues to expand its ecosystem of banks, fintechs, and asset managers. Existing ADGM banks face increased competition from new digital entrants.