Infotech Lead Asia: Union National Bank (UNB), Abu Dhabi, has deployed Infosys Finacle to drive its Treasury and Capital Markets’ business.
Infosys on Wednesday said Finacle Treasury will help integrate the bank’s trading, risk management and back office operations.
In addition, Finacle Treasury will assist the bank to process trades faster and will aggregate risk across multiple asset classes seamlessly. The bank will benefit significantly as the deployment will reduce UNB’s costs per trade and improve operational efficiencies.
“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,” said Fuad Zeidan, SVP & Head of Treasury & Investment Group, Union National Bank, Abu Dhabi.
Amit Dua, associate vice president and head – Client Services EMEA, Finacle, Infosys, said: “Finacle continues to enhance its solutions for Treasury and Capital Markets and serve as an effective foundation for banks to accelerate innovation-led growth.”