Union National Bank (UNB), Abu Dhabi, one of the Middle East’s leading banks, announced that it has implemented Infosys Finacle to power its treasury and capital markets’ business. Finacle Treasury will help integrate the bank’s trading, risk management and back office operations.
Finacle Treasury was implemented to help UNB process trades faster and will also aggregate risk across multiple asset classes seamlessly. This will help reduce UNB’s costs per trade and improve operational efficiencies.
Fuad Zeidan SVP & Head of Treasury & Investment Group from Union National Bank, Abu Dhabi said, “As we expand our operations regionally and globally, it is critical for us to deploy the right technology that allows us to effectively reach and serve our customers. I am glad that over the years, our quality focus has remained even as our operations have expanded significantly which reflect UNB’s consistent adherence to the highest quality standards”. he added.
Amit Dua, Associate Vice President and Head – Client Services EMEA, Finacle, Infosys commented , “We are excited to partner with UNB and help the bank realize its goals, as it transforms and taps new opportunities. Finacle continues to enhance its solutions for Treasury and Capital Markets and serve as an effective foundation for banks to accelerate innovation-led growth.”