Reem Finance has partnered with software provider Temenos to launch its new digital community bank in the UAE.
This initiative is part of Reem Finance’s strategy to drive digital transformation and offer enhanced banking services.
The decision to choose Temenos’ core banking solution was influenced by its functionality for both private and business banking.
William Moroney, Chief Revenue Officer of Temenos, said: “We have a strong presence in the Middle East, expertise in cloud banking and a track record of customer success across the region.
“By leveraging Temenos’ cloud-based platform, Reem Finance is well positioned to deliver next-generation financial services and continue its mission to drive financial inclusion and innovation in the UAE.”
Temenos’ cloud-based service, offered as Software-as-a-Service (SaaS), is expected to help Reem Finance rapidly scale operations in response to increasing demand and support accelerated time-to-market.
The solution will also help Reem Finance meet compliance needs with built-in tools and localized features.
Reem Finance CEO Seraj Faidi said: “Temenos’ advanced SaaS platform will enable us to innovate and scale quickly, deliver exceptional customer experiences and stay at the forefront of a rapidly changing market.
“The cloud-based Temenos solution plays a critical role in our tech stack, allowing us to connect across infrastructure and manage the most critical customer and business data.”
Recently, Temenos launched on-premise generative AI with NVIDIA to deliver real-time data insights for banks.
“Reem Finance taps Temenos to set up new digital bank in UAE” was originally created and published by Retail Banker International, a brand owned by GlobalData.
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