FNS signs Iran's Bank Keshavarzi to Bancs

FNS signs Iran's Bank Keshavarzi to Bancs

Iran's Bank Keshavarzi has licensed Australia-based Financial Network Services' (FNS) core banking software, Bancs.

The bank is implementing the Bancs system to support both its retail and wholesale banking operations.

In phase one of the implementation, a customised version of the Bancs system will be rolled out to half of Bank Keshavarzi 1846 branches by FNS' local partner Padisar Informatics.

Bank Keshavarzi is also deploying the Bancs trade finance, treasury and payments applications as well as the vendor's Islamic banking solution.

Tony Ward, MD, FNS, says the Bancs product will deliver the benefits of centralised banking encompassing full retail and Internet banking capabilities, together with mobile and telephone banking and branch automation.

"Bank Keshavarsi will be able to offer sophisticated deposit and loan products, in addition to providing foreign exchange and global trade finance facilities," adds Ward.

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