Mashreq recently announced an expansion of its partnership with Oracle Financial Services to support its global growth strategy. The bank will implement Oracle’s solutions in key international hubs such as Hong Kong, the US, and the UK. This move aims to modernize and optimize operations, ensuring an exceptional customer experience.
Mohamed Abdel Razek, Mashreq’s Group Chief Technology, Transformation, and Information Officer, highlighted the collaboration’s alignment with the bank’s vision. Mashreq is also establishing digital banks in Pakistan and Oman to further enhance its service offerings.
Through Oracle’s modern integration platform and APIs, Mashreq will be equipped to scale, develop new services, and integrate with financial technology partners efficiently. This will enable the bank to meet evolving market demands and drive innovation. By leveraging Oracle’s common data platform, Mashreq will have the foundation for advanced analytics, compliance, and strategic decision-making.
Vinayak Hampihallikar, Director at Oracle Financial Services, emphasized the company’s commitment to helping Mashreq achieve its goals through technological innovation. The long-standing collaboration between the two organizations spans over 14 years and five countries, showcasing Oracle’s expertise and support in driving Mashreq’s global expansion objectives.
Overall, Mashreq’s decision to expand its partnership with Oracle reflects a strategic move towards digital transformation and operational excellence in the banking sector. By leveraging Oracle’s cutting-edge technology and consulting services, Mashreq aims to redefine the landscape of digital banking and elevate customer satisfaction levels across its global footprint.
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https://www.retailbankerinternational.com/news/mashreq-expands-global-reach-with-oracle/