UAE’s Mashreq to use Oracle’s Transaction Banking platform

uae mashreq banking oracle transaction
UAE

UAE’s Mashreq to use Oracle’s Transaction Banking platform

UAE bank Mashreq bank and Oracle financial services are collaborating to modernise the financial institution’s transaction banking capabilities.

Mashreq will implement Oracle’s Transaction Banking platform to provide solutions for digital banking, payments, trade finance, liquidity management and virtual accounts.

Oracle says that the platform will allow Mashreq to respond more efficiently to the region’s need for funding for local businesses and capital diversification.

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