Expanding Regional Cash Management and Clearing Solutions
FAB operates across 20 markets as a provider of financial and trade solutions in the MENA region. The bank serves its retail and wholesale client base through its investment banking and markets, wholesale banking, and personal, business, wealth, and privileged client banking groups.
As a UAE-based bank with a fully licensed branch in China, FAB is committed to meeting the needs and demands of its clients and partners while maintaining compliance with local laws and regulations. Its involvement in CIPS supports digital transformation efforts and strengthens its role as a financial intermediary between China, the UAE, and other parts of the MENA region.
By joining CIPS, FAB aims to provide faster and more secure RMB payment solutions that offer improved real-time settlement capabilities. The bank’s strategy is centered on delivering necessary infrastructure for financial connectivity to support international trade and finance.
This development follows FAB’s collaboration with Mastercard and Oracle in piloting a virtual B2B card solution, which integrates Mastercard’s virtual card technology into Oracle’s Fusion Cloud ERP platform to enhance B2B finance and payments.