Dublin, Ireland / Dubai, U.A.E., 31 October 2001 – Fontis pcBanking, the standalone e-banking solution from Misys International Banking Systems (Misys), has been implemented and officially launched in the U.A.E. by the Dubai-based Crédit Agricole Indosuez Gulf.
Part of the leading Crédit Agricole group, the Gulf bank officially announced the new solution to the media in June in a move that coincided with the opening of its new offices. Since then the bank has begun rolling out the solution to some of its major corporate clients.
The Fontis software enables the bank to deliver a variety of secure electronic banking services directly to its clients’ desktops, thereby giving their clients round-the-clock access to their accounts as well to the bank’s facilities. The services delivered through Fontis include statements of account and balance reporting, receiving and executing client instructions for remittances, cash management, opening LC’s and issuing LGs.
As the system is modular, Crédit Agricole Indosuez Gulf can decide exactly which services it wishes to make available to each client. According to Jean-Claude Kitabgi, Regional Manager: ‘The new system will result in faster and more efficient cash management, thereby increasing productivity and reducing communication costs.’
Crédit Agricole Indosuez Gulf is the second branch in the CAI banking group to use the Fontis eBanking platform. The bank’s Kenyan counterpart Crédit Agricole Indosuez Nairobi launched the solution to its corporate clients earlier this year. At both sites, Fontis interfaces directly with the banks’ proprietary back-office solution.
Mr. Leslie Duckett, Fontis Sales and Marketing Manager, noted: ‘Crédit Agricole Indosuez Gulf is one of the leading wholesale banks in the Gulf region and we are delighted to be their electronic banking partner. With a mission ‘to provide high quality services to their clients on a long term relationship basis’, a first-class electronic banking solution is of key importance to the bank. We are happy that Fontis that is already fulfilling that role and will continue to do so in the future.’