Sep 10, 2013
New York, August 29th 2013 - Capital Banking Solutions, provider of integrated banking solutions for retail, corporate and private banks, as well as financial institutions, today announced it has signed a 5-year agreement with Bank Audi sal - Audi Saradar Group (Bank Audi), one of the top regional banking institutions operating out of the Middle East and present in countries including Lebanon, Switzerland, France, Egypt, Saudi Arabia, Monaco and Turkey.
Capital Banking Solutions will provide software solutions to support Bank Audi's full range of products and services, in addition to being established as Bank Audi's outsourced technology partner. Under the terms of the agreement, Bank Audi is granted an Enterprise License Agreement to use Capital Banking Solutions product portfolio for core banking, business intelligence, compliance, customer relationship management, portfolio management, and multi-channel support including internet and mobile banking. "We are excited about this relationship with Capital Banking Solutions, which allows us to further diversify our portfolio with new value-added products and services while optimizing our IT investments and reducing overall costs," said Tamer M. Ghazaleh, Deputy CFO, Bank Audi.
Danny Dagher, Group CIO, Bank Audi, said, "At Bank Audi, it is essential that our IT strategy supports our business growth. With over 150 branches across 12 countries, we are able to leverage the strength of the Capital Banking Solutions' platform, CapitalBanker, to expand easily. CapitalBanker's design empowers us to open new branches in record time, gaining a single solution across the bank, across branches and across countries."
"At Capital Banking Solutions we have over 200 experienced bankers and technologists servicing our customers," said Nicolas Jabbour, CEO, Capital Banking Solutions. "This exciting partnership with Bank Audi allows us to do what we do best -- offer banking and technology guidance, vision and innovation to help align Bank Audi's technology direction with their aggressive business goals."
Re-disseminated by The Asian Banker