British Arab Commercial Bank (BACB), a provider of trade & project finance and international payments services for Arab markets, has chosen Misys eServices Platform Corporate and Trade Editions to launch an eBanking service for corporate and institutional clients in the Mediterranean region. The solution will also enhance the service it is able to offer UK-based customers.
BACB says they chose the Misys eServices Platform solution in recognition of the growing demand for eBanking services in several of the bank’s core markets. “The Misys eServices Platform solution allows us to build further on the service advantage that we already seek to provide for both corporate and institutional clients. The credibility of the platforms was also a key driver in our decision to work with Misys, coupled with their commitment to work closely with us to ensure that we meet our target to introduce key elements of this service in the current year.”
The Misys eServices Platform solution is a multi-channel front-office solution that allows corporate customers and correspondent banks in the region to manage their global finances via a secure, web-based solution. For the first phase of the project, BACB will rollout out Misys eServices Platform Corporate Edition, which will enable clients to use comprehensive cash management facilities within a multi-currency, multi-lingual framework. It gives the bank the ability to strengthen customer relationships by offering services such as online banking and on-demand access to account data, complementing and ultimately replacing the existing system in use by BACB’s UK corporate customers. Clients will also benefit from drill-down functionality to facilitate timely query resolution.