Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) is currently the first bank in the MENA region to pilot an innovative embedded finance and payments solution developed by both Oracle and Mastercard, according to an official statement.

The collaboration aims to revolutionize business-to-business (B2B) finance and payments processes for FAB clients while enhancing efficiency, security, financial transparency, and supplier relationships.

Mastercard SVP and Country Manager for the UAE and Oman, Gina Petersen-Skyrme, said: "In an increasingly fast paced environment, businesses of all kinds are turning to virtual cards to bring the ease, security, and efficiencies of digitization to their operations.”

Petersen-Skyrme noted: “At Mastercard, we are delighted to leverage our innovative virtual card platform to expand the benefits of embedded finance in Oracle Cloud ERP to FAB’s commercial customers."

The integration of Mastercard’s virtual card platform directly into Oracle Fusion Cloud Enterprise Resource Planning (ERP) software addresses common challenges in commercial payments such as fragmented data, systems, and processes. This is carried out by delivering a seamless turnkey payment solution that eliminates the need for costly and time-consuming technology implementations.

Through this partnership, FAB’s corporate customers will benefit from faster, more secure, and transparent payments.

In addition, the virtual card solution automates manual tasks, streamlines workflows, and offers real-time insight into cash flow and spending, helping businesses enhance operational efficiency and reduce costs.

Meanwhile, Vice President of Applications Development at Oracle, Liam Nolan, said: "This collaboration introduces a proven consumer payment method to the B2B world, simplifying supplier onboarding, reducing risk, and enhancing working capital management for both buyers and suppliers.”

Nolan concluded: “Mutual customers can now streamline key finance and operational functions and enhance working capital management."

It is worth noting that the UAE lender FAB generated net profits worth AED 5.12 billion in the first quarter (Q1) of 2025, while the operating income grew 11% to hit AED 8.81 billion.