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Abu Dhabi-based Union National Bank (UNB) has announced implementation of the Infosys Finacle Treasury solution.
UNB has implemented Infosys Finacle solution to empower its Treasury and Capital Markets’ business, as well as integrate its trading, risk management and back office operations.
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Finacle has also enabled UNB to extend its Fixed Income offering to newer markets in Europe and South East Asia and manage more asset types effectively.
The solution will also help UNB process trades faster and also aggregate risk across multiple asset classes seamlessly.
“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. Key operations within UNB’s back office, such as accounting, SWIFT and UAEFTS have now been completely automated with Finacle. This will allow UNB to manage increased business volumes without increasing headcount. I am glad that over the years, our focus on quality has been maintained and enhanced even as our operations have expanded significantly,” said Galal E. Khadr, Senior Vice President – Head of Treasury & Investment Division, UNB.
“The successful roll out of Finacle Treasury at UNB reiterates our strong partnership with the bank and the solution’s seamless management capabilities. It also reinforces our commitment to the Middle East and Africa market. Through this ongoing technology transformation engagement, we will continue to help UNB accelerate its own innovation-led growth and provide the highest level of service to its customers,” said Venkatramana Gosavi, Regional Head, Growth Markets – Finacle, Infosys.
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