Reem Finance has teamed up with Temenos to create a new digital community bank in the United Arab Emirates (UAE), leveraging Temenos’ cutting-edge core banking platform to enhance operational efficiency and ensure compliance. This strategic move will enable Reem Finance to provide advanced banking services to both retail and corporate clients.
By adopting Temenos’ market-leading SaaS solution, Reem Finance can quickly scale its operations and adapt to market demands. The platform offers comprehensive functionalities, including core banking, payments, and data analytics, all delivered through a cloud-based architecture that supports seamless integration and optimizes banking processes.
The collaboration aims to provide an enhanced banking experience, offering fast and efficient services for individual and business customers. The robust features of the Temenos platform will allow Reem Finance to reduce costs while maintaining competitiveness in the dynamic UAE banking sector, unlocking new opportunities for growth.
Seraj Faidi, CEO of Reem Finance, expressed excitement about the partnership, stating: “We are thrilled to work with Temenos to launch our digital community bank. Their innovative SaaS platform will help us scale rapidly, deliver outstanding customer experiences, and stay ahead in this fast-evolving market. The Temenos cloud solution is integral to our tech stack, helping us manage critical data and connect seamlessly across infrastructure.”
William Moroney, CRO of Temenos, highlighted the importance of this collaboration, saying: “Temenos is proud to support Reem Finance in launching their digital community bank. Our extensive presence in the Middle East, combined with our expertise in cloud banking, positions us as a trusted partner. Reem Finance is now well-equipped to drive financial inclusion and innovation across the UAE.”
