Trade Bank of Iraq upgrades Misys systems

Trade Bank of Iraq (TBI) is set to deploy an integrated solution from Misys to improve its services and expand into universal banking.

As a government-owned commercial bank, TBI is responsible for facilitating Iraq’s international trade and reconstruction program, and is therefore looking to improve trade financing to boost Iraq’s economy.

The bank will upgrade its core banking system to the latest version of Misys Equation, and will also integrate Misys Trade Innovation Plus 2.0 trade services application and the Equation Branch Automation application.

Hussein Al-Uzri, chairman of TBI said: “Our reputation is built on excellence performance and we continue to exceed performance expectations. Selecting a company with Misys’ pedigree and experience is important in helping us achieve our ambitions. Thus, through an open trade and investment regime, an investor-friendly business environment is dawning. This will confirm our position as one of the biggest and most successful trade finance banks in the Middle East.”

The new solution will be deployed at the TBI head office in Baghdad, with the EBA system supporting staff in the bank’s six branches. The system will also be integrated with other channels for banking services like ATM and online.

Roy Froud, Head of Middle East and Africa, Misys Banking said: “Trade Bank of Iraq is playing an important role in helping with the economic rehabilitation of Iraq. The strength of the Misys solution and our experience in retail banking and trade finance were important factors in our winning the contract.”

Print | Email | Discuss this article

| Share |

READERS' COMMENTS

Click here to post a comment

Add your Comment All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic. Arabian Business would like to point out that only comments relevant to the story will be published. Any containing personal insults or inappropriate language will not be approved.
Name *
Remember me on this computer
Email *	(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments
Enter the words above *
Please click post only once - your comment will not be published immediately.

MORE FROM ARABIANBUSINESS.COM