First Abu Dhabi Bank Launches Embedded Finance Solution with Oracle and Mastercard
The new solution integrates Mastercard's virtual card platform directly into Oracle's Fusion Cloud Enterprise Resource Planning (ERP) software, offering businesses a seamless way to manage payments without the need for complex technology rollouts. By automating manual tasks and centralizing workflows, the tool improves payment speed, transparency, and security.
FAB's corporate customers can now gain real-time insights into spending and cash flow, reduce operational costs, and enhance relationships with suppliers. The solution is designed to address common inefficiencies in commercial payments caused by fragmented systems and processes. 'In an increasingly fast-paced environment, businesses are turning to virtual cards for the security and efficiency they bring,'
said Gina Petersen-Skyrme, Mastercard's SVP and Country Manager for UAE and Oman. 'We're proud to bring the benefits of embedded finance to FAB's customers through our partnership with Oracle.'
Oracle's Vice President of Applications Development, Liam Nolan, added, 'This collaboration simplifies supplier onboarding and helps businesses manage working capital more effectively. It's about bringing proven consumer payment models into the B2B space.'
The move underscores FAB's push to innovate digital finance offerings, leveraging global technology leaders to meet evolving client needs across the region.
News Source: Emirates News Agency
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