UBCI revamps corporate banking tech with Finastra and Tesselate

Tunisia-based Union Bancaire pour le Commerce et l’Industrie (UBCI) has selected Finastra’s Fusion Corporate Channels to support trade and cash management.

The solution is being implemented with Finastra’s partner, Tesselate.

Commenting on the deal, Nadia Maslah, chief information officer (CIO) at UBCI, says Finastra’s offering “stands out with its proven capabilities that support growth and corporate banking digitalisation”.

“The end-to-end automation of cash and trade services will enable our clients to grow their business through the highest quality digital experience,” Maslah adds.

Fusion Corporate Channels delivers a single portal to unify trade, cash, supply chain finance, lending, and treasury services for corporate clients, providing a “holistic view of their business that can be used on demand and on any device”, according to Finastra.

The vendor’s managing director for Middle East, North Africa, and Turkey, lending, Kamal El Khoury, says UBCI “is paving the way for digital transformation of corporate banking in Tunisia”.

Founded in 1961, UBCI has 102 branches across the country and offers a wide range of services to retail, corporate, and institutional clients.

Last year, the bank gained a new major shareholder, Carte Assurances. The local group purchased a 39% stake from BNP Paribas (while BNP Paribas retained a minority share of 11%). It has since embarked on a large-scale technology modernisation programme, including the replacement of its core banking and treasury management systems.