UNITED ARAB BANK AND FINASTRA PARTNERSHIP/SUPPLIED
Sharjah-based United Arab Bank has signed a transformative agreement with Finastra, a deal which is set to make the bank more competitive as well as streamline its internal processes, thus offering an improved digital experience to its retail customers.
Serge Tohme, the Managing Director of Finastra MENAT, said, “The Middle East and the UAE specifically, is seeing a sharp rise in the number of neobanks and challengers that are offering services to retail and corporate customers alike.”
Finastra stated that Fusion Corporate Channels and Fusion Cash Management will provide a much improved, functionality-rich experience for corporate users and treasurers to effectively manage cashflows, unifying trade as well as supply chain finance, lending and treasury services for corporate clients.
Ahmad Abu Eideh, the CEO at United Arab Bank, said, “Customer expectations have changed drastically over the past few years and banking customers are no different.”
The solutions will be integrated with Fusion Equation under a single portal, providing better services and improving the entire customer experience.