Arab Bank opts for Sybase's e-finance suite
Dubai , September 23, 2007
Arab Bank, one of the largest banking institutions in the Middle East, has chosen Sybase Financial Fusion's e-finance suite for its internet banking needs.
Arab Bank, which is looking at building a scalable technology infrastructure focused on customer service and growth, selected the premier internet banking solution for its depth of features and functions, its ability to cover multi-affiliations, customer-friendly interface, scalability and flexibility, said a spokesman with Sybase Products Middle East, the parent company.
'Offering world class services is a strategic focus for Arab Bank and partnering with Sybase Middle East will help us in enhancing our Internet Banking service proposition to provide our valued clients with the convenience of more choices and accessibility when banking online,' stated Global Head of Retail Banking Group at Arab Bank Mohamed Berro.
Financial Fusion Inc, a division of Sybase Inc, is a leading provider of online banking and payments solutions to large financial institutions in the world and is ranked as one of the leading solutions for Tier 1 banks in the US.
Sybase e-finance suite incorporates solutions for consumer and corporate banking needs. It provides an integrated enterprise platform for retail banking services such as account management, bill payment, transfers, eServices and credit cards, in addition to solutions for corporate cash management clients which include areas such as a trade finance interface, global payments, global transfers, cash flow position and self administration. E-Finance suite also provides banks with the choice of serving the Internet Banking needs of multi-affiliations and subsidiaries with a single and centrally managed deployment.
'We are proud that Arab Bank chose Sybase's e-finance suite for its internet banking needs. Arab Bank represents our sixth customer in the Middle East within only 24 months since Sybase introduced these solutions. We now serve leading financial institutions in Jordan, Kuwait, the UAE, Bahrain and Qatar, and are looking for more successes in 2007,' said general manager of Sybase Products Middle East Tony Achkar.Trade Arabia News Service