Temenos, FAB partner to modernise Saudi banking infrastructure

By Aarav Garg

Temenos has expanded its partnership with First Abu Dhabi Bank (FAB) through a new engagement in Saudi Arabia, focused on modernising core banking and payments infrastructure for Islamic banking operations.

The initiative will see FAB implement Temenos Core Banking, Payments Hub and Data Hub on local cloud infrastructure in Saudi Arabia. The deployment is designed to support scalable, Shari’ah-compliant services across retail, SME and corporate segments, while aligning with domestic regulatory and governance requirements. The move reflects a broader trend among regional banks to localise technology stacks and strengthen compliance frameworks as regulatory expectations evolve.

Fahad Aljuwaidi, CEO, FAB KSA, commented, “Our commitment to the Kingdom of Saudi Arabia is both strategic and foundational to our vision for growth, innovation, and long-term value creation. In alignment with Saudi Vision 2030, we are actively contributing to the transformation of the financial sector by strengthening governance, enhancing regulatory standards and introducing innovative banking solutions. Our collaboration with Temenos represents a significant step in strengthening our control environment, accelerating digital capabilities, and delivering a world-class, secure, and seamless customer experience to clients across the Kingdom.”

FAB’s decision to extend the collaboration builds on more than a decade of working with Temenos, during which the bank has deployed multi-entity core banking systems across 12 markets. The latest rollout highlights continued reliance on cloud-native platforms to support operational efficiency, product innovation and regulatory reporting in complex, multi-jurisdiction environments.

Santhosh Rao, Managing Director – Middle East and Africa, Temenos, said “We are proud to extend our collaboration with FAB in Saudi Arabia, one of the region’s most dynamic banking markets. Our core banking technology will empower FAB to accelerate its digital transformation and drive operational excellence. This engagement builds on over a decade of collaboration between FAB and Temenos, leveraging Temenos’ strong presence and proven track record in the Kingdom.”

The deployment is expected to enhance FAB’s ability to deliver integrated, data-driven banking services while maintaining strict adherence to Shari’ah principles and local regulatory standards, as competition intensifies across the region’s financial services sector.