Mawarid Finance has signed a strategic agreement with Fimple to strengthen Banking-as-a-Service capabilities through a modern composable banking platform. Announced at the Mawarid Fintech Summit 2026 in Dubai, the partnership reflects the growing momentum behind digital transformation in the UAE’s financial services sector. The agreement is positioned as a major step in supporting faster, more flexible, and technology-driven banking innovation across the wider region.
Strategic Partnership to Advance Digital Banking
Under the agreement, Fimple will provide Mawarid Finance with its advanced core banking technology, enabling the institution to expand its digital banking services without replacing its existing core infrastructure. The platform will operate as a side core banking layer, allowing Mawarid to integrate new capabilities while preserving operational stability. This model is designed to help financial institutions modernize more efficiently by reducing disruption and accelerating the deployment of new digital services.
The collaboration comes as banks and financial institutions face growing pressure to deliver seamless, embedded, and customer-focused financial products. By adopting a composable and API-driven platform, Mawarid Finance aims to improve agility and respond more quickly to changing market needs. The approach also supports future scalability, allowing the company to build and launch financial services that can serve both consumer and business segments more effectively.
Technology Built Around Integration and Speed
Fimple’s platform will connect with Mawarid’s existing payments, compliance, and risk management systems to create a unified digital banking architecture. This integration is expected to support faster product development, improved operational flexibility, and a stronger foundation for embedded banking services. The structure also enables Mawarid to enhance its Banking-as-a-Service offering while maintaining continuity across its current systems and processes.
For Mawarid Finance, the partnership aligns with its broader digital transformation strategy and its focus on future-ready financial solutions. The company sees flexible technology infrastructure as increasingly important for institutions seeking to compete in a rapidly evolving banking landscape. By using Fimple’s technology, Mawarid aims to strengthen its ability to introduce new products while maintaining resilience, efficiency, and compliance.
Leadership Perspective and Market Relevance
Mawarid Finance Chief Executive Officer Rashid Al Qubaisi described the agreement as an important milestone in the company’s modernization journey. He emphasized that financial institutions need scalable technologies that allow them to innovate faster while protecting the stability of their operations. According to Mawarid’s leadership, the partnership supports the UAE’s wider ambition to build a more advanced and digitally enabled financial ecosystem.
Fimple Co-Founder and Chief Executive Officer Dr. Mücahit Gündebahar also highlighted the importance of the collaboration at a time when the financial sector is moving toward more agile banking models. He noted that Fimple’s API-first platform is intended to help institutions modernize while retaining the value of their existing infrastructure. The partnership with Mawarid Finance is expected to contribute to the development of a scalable foundation for Banking-as-a-Service in the UAE.
Regional Impact and Future Opportunities
The agreement combines Fimple’s technology capabilities with Mawarid Finance’s established market presence and financial services experience. Together, the companies aim to create banking solutions that are more adaptable, customer-centric, and responsive to the needs of a digital economy. This is particularly relevant as demand grows for embedded finance, faster product launches, and more seamless financial experiences across different platforms.
The UAE has continued to position itself as a regional leader in financial technology and digital banking innovation. Partnerships between established financial institutions and specialized technology providers are becoming increasingly important in shaping the next phase of the sector’s development. Mawarid Finance and Fimple’s agreement reflects this shift by focusing on infrastructure that supports innovation without requiring a complete system overhaul.
Mawarid Finance’s agreement with Fimple signals a clear commitment to advancing Banking-as-a-Service through a scalable and modern technology framework. By integrating a composable side core banking platform into its existing infrastructure, Mawarid is seeking to accelerate innovation while maintaining reliability and operational continuity. The partnership strengthens both companies’ roles in the UAE’s digital finance landscape and adds momentum to the region’s broader move toward agile, embedded, and future-ready banking services.