Fimple partners Mawarid Finance to expand BaaS in UAE

By Milan Rojan

Mawarid Finance has partnered with Fimple to expand Banking-as-a-Service capabilities in the UAE, as financial institutions continue to modernise their digital banking infrastructure.

Announced at the Mawarid FinTech Summit 2026, the agreement has enabled Mawarid Finance to adopt Fimple’s banking platform as a side-core layer that integrates with its existing systems. The approach has allowed the company to strengthen its digital banking capabilities while maintaining operational continuity.

Rashid Al Qubaisi, Chief Executive Officer of Mawarid Finance, said, “Our partnership with Fimple represents an important milestone in Mawarid’s digital transformation journey. By leveraging Fimple’s composable banking platform, we are strengthening our ability to deliver future-ready Banking as a Service solutions that align with the UAE’s vision for a more advanced and digitally driven financial ecosystem.”

Under the partnership, Fimple’s platform has integrated with Mawarid Finance’s payments, compliance and risk management systems to support a unified, API-driven operating environment. The companies said the framework has been designed to support future growth, accelerate product launches and improve operational flexibility.

Dr. Mücahit Gündebahar, Co-Founder and CEO of Fimple, said, “We are proud to partner with Mawarid Finance at a time when the financial sector is accelerating toward more agile, embedded, and customer-centric banking model. Together with Mawarid Finance, we are building a scalable foundation that supports the future of Banking-as-a-Service in the UAE and reflects the region’s growing leadership in digital financial innovation.”

The companies said the partnership has combined Fimple’s banking technology with Mawarid Finance’s market presence to support the delivery of scalable banking services for consumers and businesses. They added that the initiative aligns with the UAE’s broader ambitions to advance digital financial services and innovation.

The agreement comes as financial institutions across the region have increasingly adopted modular and API-based technologies to shorten deployment cycles, launch new services more quickly and strengthen collaboration with FinTech firms.