Saudi Arabia’s Raya Financing adopts Temenos Core to expand its financing products

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Saudi Arabia’s Raya Financing has selected Temenos Core as its core banking platform to support its next phase of growth in the country. Deployed on a private cloud in Saudi Arabia, the platform will centralize products and transactions and support retail financing, leasing and auto financing; the product pipeline also includes personal financing, SME financing, buy now, pay later (BNPL) and housing finance.