GEC NEWS WIREMisys to provide Trade Bank of Iraq with world class banking solutions and help in ugrading to the digital platform
Misys has been selected by Trade Bank of Iraq (TBI) as a strategic partner to assist the bank in upgrading to a next generation digital platform in order to gain a competitive edge in Iraq’s growing banking industry.
Hamdiyah Mahmood Faraj Al-Jaff, Chairman, Trade Bank of Iraq said, “We understand the importance of implementing advanced solutions in order for us to better serve our customers. Research has shown that with the aggressive entry of foreign banks into Iraq, a large portion of market share will be lost unless we make the effort to modernize at a rapid scale.”
TBI is set to upgrade its existing core banking infrastructure through the implementation of the latest version of Misys FusionBanking Equation to offer a feature-rich banking experience.
“As the banking sector in the Middle East continues to face new challenges, it is important for Misys to work closely with our clients; helping them to evolve and meet new requirements from changing regulation to digitisation. This deal is a perfect example of our ongoing commitment to our clients in the region, and I look forward to a successful implementation,” said Sohail Khan, Managing Director, Middle East and Africa, Misys.
