Vision Bank becomes operational with Finastra's cloud-native, Islamic banking treasury solution

Company Overview - Vision Bank is a Sharia-compliant digital bank in Saudi Arabia that aims to provide innovative banking solutions tailored to customer needs [2][5] - Finastra is a global provider of financial services software applications, trusted by approximately 8,100 financial institutions, including 45 of the world's top 50 banks [4] Implementation and Technology - The successful implementation of Finastra Kondor and cloud-based managed services from DXC Technology has enabled Vision Bank to enhance its treasury trading and risk management capabilities [1][2] - Finastra Kondor is recognized for its robust capabilities in supporting complex trading, risk management, and operations, serving as the backbone for numerous financial institutions [2][3] Strategic Goals - Vision Bank's mission is to be a pioneer in the Saudi banking sector by leveraging innovation and technology to provide seamless, Sharia-compliant banking solutions [2] - The bank's initiatives align with the Financial Sector Development Program, part of Saudi Vision 2030, aiming to drive business continuity and compliance with regulations [2] Collaboration and Future Outlook - The partnership between Finastra, DXC, and Vision Bank emphasizes a commitment to driving innovation in financial technology, enhancing the bank's treasury operations [3] - The implementation of Kondor is seen as a significant milestone in Vision Bank's digital transformation journey, providing the agility needed to adapt to new market demands [3]