The Abu Dhabi Businesswomen Council and Wio Bank PJSC, the first platform bank in the area, have signed a Memorandum of Understanding (MoU) to provide female entrepreneurs with business banking solutions as they expand their enterprises.
The MoU was signed by Her Excellency Asma Al Fahim, Chairwoman of the Abu Dhabi Businesswomen Council, and Jamal Al Awadhi, Chief Operating and Experience Officer at Wio Bank, following a workshop titled “How to grow your business”, which was held at the Abu Dhabi Chamber of Commerce and Industry’s (ADCCI) headquarters.
Through the agreement, female company owners and entrepreneurs will receive a variety of perks that will help them operate their companies successfully. Women company owners and entrepreneurs will get access to financial management training, expert presentations, webinars, and focus groups that are co-led by the Abu Dhabi Businesswomen Council and Wio Bank, in addition to improved access to Wio Business, the business banking solution from Wio Bank. To promote the expansion of Abu Dhabi's private sector, the two organisations will also look into other potential areas of cooperation.
Her Excellency Asma Al Fahim, Chairwoman of the Abu Dhabi Businesswomen Council, said: “We are delighted to partner with Wio Bank, which plays a key role in supporting businesses to reach a new level by providing integrated banking services. Our agreement with Wio Bank comes as part of the Council’s efforts to support women in their entrepreneurial journey, provide them with the required training, exchange knowledge and expertise, and increase their opportunities in the market, to drive their contribution to the economic growth of the Emirate of Abu Dhabi.”
Commenting on the MoU, Jamal Al Awadhi, Chief Operating and Experience Officer at Wio Bank, said: “We’re proud to be partnering with Abu Dhabi Businesswomen Council to support women of the UAE with their entrepreneurial journey. In Wio Business, we have created a banking solution that enables SMEs to reach their goals and ambitions. Managing finances can be tedious, especially when you’re running a business. Wio Business simplifies this through intelligent, integrated solutions empowering business owners to focus on making their business dreams, a reality.”
The Abu Dhabi Businesswomen Council, a division of the Abu Dhabi Chamber, seeks to pioneer the advancement of women's roles in the private sector and prepare them to play a significant role in the long-term economic growth of Abu Dhabi. The Council offers a range of high-caliber services, including training, consulting, professional development, and more.
Wio Bank introduces the newest generation of banking to the area to give clients new options and make it simple for them to use financial services. Its first digital banking application, Wio Business, is designed specifically for the needs of small and medium-sized businesses (SMEs), independent contractors (ICs), and other freelancers. It offers them streamlined banking solutions, such as fully digital business account opening, customised choices, and seamlessly integrated services that are built around each client's needs.
With three essential capabilities—Digital Banking apps, Embedded Finance, and Banking-as-a-Service options—Wio Bank was first introduced in September 2022.