United Arab Bank Selects Finastra to Power Digital Transformation

United Arab Bank announced on November 14, 2019, that it had selected Finastra's Fusion product suite to drive its digital transformation. The partnership encompasses Fusion Corporate Channels, Fusion Cash Management, and a core banking system upgrade, enabling the bank to embed enhanced digital capabilities across both retail and corporate banking. The unified portal consolidates trade finance, cash management, and treasury services into a single customer-facing interface, significantly improving operational efficiency and the end-user experience.

Finastra, a major global financial technology provider, contributes its cloud-ready platform and integration layer, while United Arab Bank gains modernized infrastructure to compete more effectively in the UAE's rapidly digitizing financial services market. Financial terms of the deal were not publicly disclosed. The implementation is expected to transform how the bank delivers embedded financial services to its corporate and retail clients.