Dubai, UAE – June 2026
Fimple and Mawarid Finance have entered into a strategic partnership to accelerate the adoption of Banking-as-a-Service (BaaS) through a modern, composable banking platform. Marking a significant milestone in the evolution of digital financial services across the UAE and the wider region. The agreement was officially announced during the Mawarid Fintech Summit 2026. (mea-finance.com)
As part of the collaboration, Fimple will provide its API-first, composable core banking platform. Operating as a Side Core Banking layer seamlessly integrated with Mawarid Finance’s existing infrastructure. This approach enables Mawarid to enhance its digital banking capabilities, accelerate innovation, and launch new services. Without disrupting its current core systems or operations.
The platform will integrate with Mawarid Finance’s payments, compliance, and risk management ecosystems. Creating a unified and scalable architecture designed to support future growth.
Through this modern framework, Mawarid Finance will be able to rapidly introduce new financial products, embedded finance capabilities, and Banking-as-a-Service, offerings while improving operational agility and reducing time-to-market.
Commenting on the partnership, Rashid Al Qubaisi, Chief Executive Officer of Mawarid Finance, stated that the agreement represents an important milestone in the organization’s digital transformation journey.
Enabling the company to deliver future-ready BaaS solutions aligned with the UAE’s vision for a more advanced and digitally driven financial ecosystem.
Mücahit Gündebahar, Co-Founder and CEO of Fimple, highlighted that the partnership reflects the growing demand for agile, embedded, and customer-centric banking models.
He emphasized that Fimple’s composable and API-first platform empowers financial institutions to innovate rapidly while preserving the strength of their existing infrastructure.
By combining Fimple’s next-generation banking technology with Mawarid Finance’s strong market presence and financial ecosystem. The partnership establishes a robust foundation for delivering scalable, flexible, and customer-centric financial services. That meet the evolving needs of consumers, businesses, and fintech innovators across the region.