Case Study: Union National Bank achieves faster trade processing and reduced cost-per-trade with EdgeVerve Finacle Treasury

Union National Bank strengthens its treasury business with Infosys Finacle

Union National Bank (UNB), a major UAE lender with regional ambitions, faced limitations in its legacy treasury system that forced manual handling of FX, money market and investment products just as the system’s support contract was due to expire. Seeking a modern platform to integrate trading, risk management and back-office operations under a tight 12‑month schedule (with FX/MM and HTM fixed income required within six months), UNB selected EdgeVerve to implement the Finacle Treasury solution.

EdgeVerve delivered a two‑phase Finacle Treasury implementation—replacing the incumbent FX/MM system, automating fixed income, equities, mutual funds and vanilla derivatives, migrating legacy data across two core banking environments, and adding SWIFT/UAEFTS/EuroClear messaging and custom reporting. The project went live nearly a month early; UNB achieved Straight‑Through Processing, automated feeds from Reuters/360T/Bloomberg, on‑system currency position and online P&L/MTM views, added market‑risk aggregation, cut CBR maintenance from 6–7 days to 1 day, reduced IT dependency for reporting, lowered cost per trade and gained capacity to handle higher volumes without increasing headcount — all delivered by EdgeVerve.

Union National Bank

Galal E.Khadr

Senior Vice President – Head of Treasury & Investment Division