Profile Software, a leading financial solutions provider, announced today that First Abu Dhabi Bank (FAB) expanded its collaboration in utilising Axia, the advanced Custody platform, to its offices in the Kingdom of Saudi Arabia, following the success in the UAE.

Headquartered in Abu Dhabi, FAB’s international network spans across five continents, providing the global relationship, expertise and financial strength to support regional and international businesses. As the largest bank in the UAE, FAB continually invests in people and technology to create the most customer-friendly banking experience.

First Abu Dhabi Bank selected and deployed Axia to comprehensively manage their Custody operations through its innovative technology, modular architecture and configurable workflows. The solution offers online client access and numerous client servicing tools via its embedded portal, while the bank automates all custody and transaction management processes and generates several multi-purpose reports through a user-friendly, branded interface.

Following the successful deployment of Axia Custody in the UAE, the bank has expanded its use to their newly-opened offices in Saudi Arabia, following the same, fast track and gradual deployment, approach so as to accelerate launching their custody services and delivering a unified, integrated and automated method in their operations by utilising Axia’s cutting-edge technologies and tools.

Profile’s Axia Custody solution has evolved to offer advanced functionality for multi-custodian operations across borders and exceptional multi-channel client experience, thus the company and its team are committed to delivering continuous product evolution to meet and exceed market developments, successfully.