Case Study: First Gulf Bank launches first-in-market cash and trade services and boosts cash revenues 315% with Finastra (Fusion Corporate Channels & Fusion Trade Innovation)

FGB Launches First-in-Market Cash and Trade Services

First Gulf Bank faced a need to broaden its cash and trade capabilities and replace manual, paper-based processes to capture corporate banking opportunities as international banks pulled back in the Middle East. To meet this challenge it engaged Finastra, deploying Fusion Corporate Channels and Fusion Trade Innovation to modernize its trade finance and cash management offerings.

Finastra delivered an integrated, omni-channel corporate banking portal and back‑office automation that digitized end-to-end cash and trade operations; the transformation earned FGB the Celent Model Bank award and sharply improved performance. As a result Finastra‑powered solutions helped First Gulf Bank lift transaction banking revenues by 73%, grow cash management revenues by 315%, increase payment volumes by 29%, add AED 6–7 billion in assets, achieve 25% digitization with an 85% STP rate, and cut transaction turnaround from weeks to days.

First Gulf Bank

Manoj Menon

Global Head of Transaction Services & Financial Institutions