Finastra helps Union of Arab Banks with digital banking solutions

The partnership combines Finastra’s universal banking solution with Union of Arab Banks’ ecosystem of banks. The resulting model digital bank, which will be conceptualised, 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 digitalisation while minimising costs and time to market.

The digital bank, which has so far received interest from 35 banks, will be providing a shared ecosystem of assets which allows a group of banks to invest in the same solution. It will be connected with Finastra’s open development and innovation platform, FusionFabric.cloud.