Mawarid Finance is deploying a cloud-native secondary core banking system from technology provider Fimple to introduce Banking as a Service (BaaS) infrastructure across the UAE.
Announced at the Mawarid Fintech Summit 2026, the partnership allows the Dubai-based firm to introduce embedded financial services by overlaying Fimple’s composable platform onto its existing legacy systems.
This side-core approach integrates directly with the institution’s existing payment rails, compliance frameworks, and risk management configurations.
By avoiding a full core system replacement, the company aims to protect operational continuity while lowering the time required to launch new financial products.
“Our partnership with Fimple represents an important milestone in Mawarid’s digital transformation journey,”
said Rashid Al Qubaisi, Chief Executive Officer, Mawarid Finance.
“By using 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 an advanced financial ecosystem.”
The API-driven architecture will support future growth by allowing third-party brands to integrate licensed financial solutions, such as corporate credit lines and digital wallets, directly into their consumer applications.
“Our composable and API-first platform is designed to help institutions innovate faster while preserving the strength of their existing infrastructure,”
said Dr. Mücahit Gündebahar, Co-Founder and CEO, Fimple.
“Together with Mawarid Finance, we are building a scalable foundation that supports the future of Banking-as-a-Service in the UAE.”
Featured image credit: Edited by Fintech News UAE, based on image by Mawarid Finance
