24 February 2018
Visit www.avoka.com

Kuwait Finance House live with Alaric payments platform

12 May 2010  |  2598 views  |  0 Source: Alaric International

Alaric International, a leading supplier of advanced technology solutions for the card payments industry, today announced that Kuwait Finance House (KFH), one of the world's leading Islamic financial institutions, has gone live with a deployment of Alaric's 'Authentic' payments platform.

The project was implemented with the local support of 3SC Technologies, Alaric International's regional partner in the Middle East.

In a key technology refresh, Kuwait Finance House selected Authentic as a replacement integration layer to manage the bank's entire channel banking payments traffic between its legacy switching system and the back office. The project marks the first step in KFH's wider initiative to streamline their payments infrastructure.

The Authentic platform has been deployed in a virtualised environment with multiple replicated blade servers operating in a fail-safe 'active-active' configuration. "The introduction of Authentic has brought us safety and stability where we most needed it without incurring a significant platform cost," explains Dr. Waleed Al-Hasawi, KFH's Assistant General Manager of IT. He continues: "Peak performance constraints are no longer a cause for concern. The inherent scalability of the solution and the resilience of the deployment was proven to us during the course of this project."

"From the start we were hugely impressed with the flexibility of the Authentic software," comments Hamida El-Mehadji, Systems Manager at KFH. "Being able to quickly configure business logic to extend the application independently was a key factor in our decision to select Authentic. KFH is now able to approach new payment integrations as straightforward internal projects; we no longer need to factor in a dependence on vendor-led development."

Following hot on the heels of the recent global alliance announced with Oracle, the successful KFH project has marked an important milestone for Alaric International in the Middle East. "Kuwait Finance House is highly regarded in the region for taking bold technology steps. We are delighted that a bank of this standing has joined our growing list of clients," says Paul Griffin, Alaric's Regional Director for the Middle East and Asia Pacific regions. "All our clientsents firmly believe that the future for mission-critical payments applications lies with an open, standards-based approach to technology. It's great to see forward-thinking banks such as Kuwait Finance House join the changing tide of opinion and insist on removing the traditional 'vendor lock-in' from their payments infrastructure."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit https://www.capgemini.comvisit www.nextgenbanking.co.ukVisit http://info.nice.com

Top topics

Most viewed Most shared
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
11836 views comments | 16 tweets | 10 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
10336 views 3 | 9 tweets | 1 linkedin
Basel Committee outlines disruptive fintech scenariosBasel Committee outlines disruptive fintec...
8599 views comments | 15 tweets | 26 linkedin
Investment Association sets up fintech accelerator for asset managersInvestment Association sets up fintech acc...
8120 views comments | 19 tweets | 10 linkedin
R3 creates Legal Centre of Excellence for blockchain technolgyR3 creates Legal Centre of Excellence for...
7797 views comments | 10 tweets | 14 linkedin

Featured job

Competitive base + commission + benefits
London, UK

Find your next job