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Finance House selects TEMENOS for its core banking solution
Finance House (PJSC) announced today that it has signed an
agreement with TEMENOS Group, on 2nd December 2004, to set up
its core banking solution (TEMENOS T24) and branch automation.
Mohammed Alqubaisi, Chairman of Finance House said: 'Finance
House ensured that the selection process was detailed and well
thought through in order to arrive at the most suitable vendor
that will help in achieving our business goals. Amongst the top
twelve vendors in core banking and branch automation solutions,
TEMENOS was selected, with experience in more than 500 banks
worldwide, offering a fully integrated system that has an
advantageous system modularity. We are confident in TEMENOS's
professionalism and attitude towards handling our core banking
and branch automation project, as they provide a modern and
scalable banking application capable of handling our
requirements and future business volumes. TEMENOS is a strategic
step towards servicing all the activities we intend to launch,
with excellent business efficiency which will ensure top
customer satisfaction'.
The installation will begin with conventional banking servicing
corporate and retail products. This will be followed by Islamic
banking, where TEMENOS will implement fully Shariah' compliant
products. Thereafter, internet banking will be implemented,
allowing customers additional flexibility to log in and service
themselves, conducting their banking transactions online.
Mr. George Koukis, Chairman of TEMENOS added: 'We feel very
proud to have signed this Agreement with Finance House, being a
new organisation with high standards and quality of processes
and procedures, we are honoured to be selected as its strategic
IT partner. We look forward to the installation of TEMENOS at
Finance House and to fully supporting Finance House in its goal
to be one of the most professional and solid financial
institutions in this region'. |
