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Al Rajhi Bank Celebrates 20 Years with ACI Worldwide

ACI Worldwide, Inc. (NASDAQ: ACIW), a leading international provider of electronic payment software and solutions, is celebrating its successful 20-year relationship with Al Rajhi Bank helping to manage the largest ATM, POS and branch network in the Middle East, processing the highest transaction volumes in Saudi Arabia.

Al Rajhi is one of the largest Islamic banks in the world with over four million customers. Headquartered in Riyadh, Saudi Arabia, Al Rajhi has more customers than any other bank in the Kingdom. It has over 400 branches, of which more than 100 are dedicated ladies’ branches, as well as 2,000 ATMs and 15,000 POS terminals. In addition to its presence in Saudi Arabia, Al Rajhi bank also has 19 branches in Malaysia, a number which is steadily growing.

Al Rajhi uses a range of integrated products from ACI including the BASE24® payments engine, ACI Commerce Gateway™ for secure Internet payments, and ACI Proactive Risk Manager™ for identifying and preventing fraud and money laundering.

Mr. Saeed Al Ghamdi, deputy CEO from Al Rajhi Bank said, “ACI is a key partner for Al Rajhi. The company’s solutions have proven themselves to be scalable and reliable and the tools are very well integrated. Working with ACI means that we can focus more time and effort on delivering the best possible products and services to our customers without worrying about the IT systems underpinning everything. ACI is on the ground here in the Middle East and understands our business requirements – we look forward to the next 20 years.”

Steve Wright, president of EMEA at ACI Worldwide said, “Al Rajhi Bank is committed to delivering the solutions that meet its customers’ needs. The bank prides itself in its use of technology to deliver the best service to customers, which has been recognised with the many awards it has won. We are delighted to contribute to that success.”