Reem Finance has teamed up with Temenos to launch a new digital community bank in the United Arab Emirates (UAE).
By using Temenos’ advanced core banking platform, Reem Finance aims to improve its efficiency and meet banking regulations with ease. The platform, delivered as a cloud-based Software-as-a-Service (SaaS), offers modern solutions for both retail and corporate banking. This makes it easy for Reem Finance to grow quickly and respond to customer needs.
The new digital bank will combine Temenos’ core banking, payments, and data analytics to offer smooth services for both individuals and businesses. By streamlining processes and reducing costs, Reem Finance hopes to stand out in the UAE’s competitive banking industry and unlock new growth opportunities.
Seraj Faidi, CEO of Reem Finance, said:
“We are excited to work with Temenos to launch our digital community bank in the UAE. Their cutting-edge cloud platform will help us grow fast, offer excellent customer experiences, and stay ahead in a rapidly changing market. This partnership will transform how we deliver banking services, making them more accessible and seamless for all our customers.”
Temenos Chief Revenue Officer William Moroney added:
“We are proud to support Reem Finance in launching their digital bank. With our strong experience in cloud banking and success across the Middle East, Reem Finance is in a great position to offer next-generation financial services and promote financial inclusion and innovation in the UAE.”
Source: fintech
