finastra
AI in Saudi Arabia Reaches Tipping Point as Banks Shift from Testing to Full Implementation
Financial institutions in Saudi Arabia have reached a decisive AI tipping point, with 99% now using or planning to use artificial intelligence across core banking operations.
Nour Elotaiby ·
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Middle Eastern Banks Set for AI-Driven Transformation, Finastra Report Reveals
Dubai, UAE – April 07, 2025: The adoption of artificial intelligence (AI) in the Middle Eastern banking sector could significantly contribute to regional economic growth, potentially adding as much as 13.6% to GDP by 2030, according to industry analysts. Finastra’s Financial Services State of the Nation 2024 survey reveals that banks in the UAE and […]
Vision Bank becomes operational with Finastra’s cloud-native, Islamic banking treasury solution
With Finastra Kondor and managed services provided by DXC, the bank has enhanced its treasury trading and risk management capabilities, while offering modern, Sharia-compliant services Dubai, UAE – March 18, 2025 – Finastra today announced that the successful implementation of Finastra Kondor and cloud-based managed services provided by DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services provider, enabled Vision […]
Corporate treasurers in EMEA are looking beyond their banks for innovation, according to Finastra
New research from Finastra has revealed that the market dominance of banks in the delivery of corporate treasury services is under threat from non-bank market entrants. According to its survey of 380 corporate treasurers from enterprises across Europe, the Middle East, and Africa (EMEA), 70 percent believe that a shift from bank to non-bank services […]
Finastra’s open cloud platform drives collaboration and innovation in financial services
Ahead of its FusionONE developer conference, co-hosted with Microsoft, Finastra unveiled the latest developments to its FusionFabric.cloud open platform for innovation. As half of financial institutions in the UK and US look to implement cloud collaboration[1], adoption of Finastra’s open platform is gathering pace, with over 300 Fintechs now registered. Further to its strategic […]
More global banks commit to Finastra’s Fusion LenderComm
Finastra has signed three global banks on its Fusion LenderComm platform as part of a coordinated campaign, including BNP Paribas, Natixis and Societe Generale. With NatWest, which joined recently, the ramp up signals a move towards a new era of efficiency in this complex space. Grant Jones, VP, Fusion LenderComm, Finastra said, “All of […]
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