Partnership will see the development of a model digital bank, licensed to Union of Arab Banks members to help them transition into digital banking
DUBAI, UAE, March 21, 2022 /PRNewswire/ -- Finastra today announced its collaboration with Union of Arab Banks to help banks across the Arab League member states offer enhanced digital services to their customers. The partnership combines Finastra's universal banking solution with Union of Arab Banks' extensive ecosystem of banks. The resulting model digital bank, which will be conceptualized, created and developed by Finastra and UABdigital, the Union's digital arm, will be licensed to Union of Arab Banks members to help them accelerate digitalization while minimizing costs and time to market.
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