Vision Bank kicks off digital operations with Finastra’s treasury tech

By Gloria Methri

Vision Bank, a Sharia-compliant digital bank in Saudi Arabia, has launched the pilot phase of its banking operations using Finastra Kondor and cloud-based services from DXC Technology. The new system enhances the bank’s treasury trading, liquidity management, and investment capabilities while supporting its first digital approach to serving customers better.

“Our mission is to be a pioneer in the Saudi banking sector, relying on innovation and technology to provide seamless, Sharia-compliant banking solutions that meet our customer’s needs,” said Abdul Shakeel Aidaroos, CEO of Vision Bank. “To help us achieve this, we needed a robust treasury management system with cloud-based managed services that enable us to grow while mitigating risks. Finastra and DXC ensure that we can comply with current and upcoming regulations, drive business continuity and maximum availability, and scale the rollout of new products as needed. We are also contributing to the goals of the Financial Sector Development Program, one of the programs of Saudi Vision 2030.”

Finastra Kondor is a treasury trading system designed to help financial institutions manage complex trading, risk, and compliance while supporting growth. Known for its strong capabilities, it serves as the backbone for many banks navigating global markets. The successful implementation of Finastra Kondor, along with managed services from DXC Technology, played a key role in Vision Bank—formerly Saudi Digital Bank—receiving approval from the Saudi Central Bank and launching its pilot phase of operations.

“Vision Bank’s growth ambitions and customer-centric ethos align closely to the values we hold at Finastra,” said Wissam Khoury, EVP of Treasury & Capital Markets at Finastra. “The implementation of Kondor played a significant role in the bank’s launch and digital transformation journey, providing the necessary agility to evolve with new demands and take advantage of the opportunities presented by Saudi Arabia’s financial services sector. Working alongside DXC, it has been a pleasure to help Vision Bank reach this milestone, and we look forward to its ongoing success.”

“DXC is proud to have partnered with Finastra and Vision Bank to successfully deliver Kondor as the bank’s fully hosted and managed treasury system,” said Anthony Hammond, Global Finastra Lead at DXC. “This collaboration underscores our commitment to driving innovation in financial technology, providing a secure, scalable and future-ready solution that enhances the bank’s treasury operations.”