Misys (FTSE: MSY.L), the global application software and services company, announced today that Qatar International Islamic Bank, has gone live with Misys Equation 3.9 across 10 branches in the region.
The solution is the latest retail banking solution from Misys and will help QIIB to provide better services to its customers and to expand its operations.
QIIB is one of the leading banks in Qatar and has a reputation of putting its customers right at the forefront of its business. The implementation of the latest version of Misys Equation is an important part of its overall growth strategy and will help QIIB to stay focused on achieving its business ambitions.
QIIB was founded in 1991 and has been a Misys customer since it first opened its doors to customers. Misys Equation will help QIIB to improve its business by increasing customer revenues, reducing risk and driving business efficiency. Misys Equation is an integrated, real-time, multi-currency banking system that helps organisations to deliver competitive products and excellent service to customers. It supports consumer and corporate banking within a single platform.
Mamdouh Elayashy, Information Service First Executive Manager at QIIB, comments, "Misys has been an important business partner for our bank from the very beginning. We are proud to be one of the first companies in the region to go live with the latest version of Equation. It will help us to deliver on our ambition to be the best bank in the country and provide the best products and service to our customers."
Roy Froud, Head of Middle East and Africa, Misys Banking, adds, "Qatar International Islamic Bank is one of our longest standing customers in the region and consistently innovates for its customers. The functionality that QIIB will get from the latest enhanced version of Equation will help it to continue to deliver new products for its corporate and retail customers."