Sybase e-Finance Suite for Boubyan
Kuwait City, June 10, 2007
Boubyan Bank has announced that its Internet banking service has gone live with Sybase Financial Fusion’s e-Finance Suite.
Boubyan is a new entrant into the Kuwait's banking sector.
Boubyan Bank head of Information Technology Group, Kurien Varghese, said the new system will allow the bank to offer a wide range of personalised online services to its customers.
'It will provide customers enhanced banking convenience, easy access, a host of functionalities and dynamic personalised content, while providing the bank with flexibility and scalability to enhance its online banking systems and meet the bank’s vision and strategies for growth,' he added.
He said the bank believed in investing in the latest and best technologies to ensure customers get real-time services and the best banking performance.
'We were looking for a solution that would be flexible, scalable, robust and built on an open platform with a host of functionalities for both retail and corporate customers,' Varghese added.
According to Varghese, Sybase Financial Fusion's e-finance suite was selected as it offered an integrated enterprise platform for retail banking services.
'The service include account management, bill payment, transfers, eServices and credit cards,' he added.
Sybase Products Middle East general manager Tony Achkar said the system delivers a single underlying enterprise platform that supports multiple applications and meets the scalability and functionality needs of leading banks.
The eFinance Suite has been selected by six leading financial institutions in Kuwait, the UAE, Jordan, Bahrain and Qatar, he added. - TradeArabia News Service
More Finance & Capital Market Stories
- United Arab signs $250m syndicated loan
- Standard Life sets up Asia advisory board
- UAE among 20 most attractive countries for M&A
- Gulf stocks surge as Fed tapering adds fuel to fire
- SABB launches graduates programme
- NBAD names key official for Hong Kong
- Commercial Bank of Dubai obtains $450m loan
- EFG Hermes names group co-chief
- Islamic bond issuance in GCC picking up
- Kuwait budget surplus likely to hit $42.4bn