British Arab Commercial Bank selects Misys eServices Platform solution

Multi-channel front-office solution to provide UK and international clients with an improved quality of service

London, 4 May 2005 - Misys Banking Systems (Misys) is pleased to announce that British Arab Commercial Bank (BACB), a leading provider of trade & project finance and international payments services for Arab markets, has chosen Misys eServices Platform Corporate and Trade Editions to launch an eBanking service for corporate and institutional clients in the Mediterranean region. The solution will also enhance the service it is able to offer UK-based customers.

The Misys eServices Platform solution is a multi-channel front-office solution that allows corporate customers and correspondent banks in the region to manage their global finances via a secure, web-based solution. For the first phase of the project, BACB will rollout out Misys eServices Platform Corporate Edition, which will enable clients to use comprehensive cash management facilities within a multi-currency, multi-lingual framework. It gives the bank the ability to strengthen customer relationships by offering services such as online banking and on-demand access to account data, complementing and ultimately replacing the existing system in use by BACB's UK corporate customers. Clients will also benefit from drill-down functionality to facilitate timely query resolution.

BACB says they chose the Misys eServices Platform solution in recognition of the growing demand for eBanking services in several of the bank's core markets. "The Misys eServices Platform solution allows us to build further on the service advantage that we already seek to provide for both corporate and institutional clients. The credibility of the platforms was also a key driver in our decision to work with Misys, coupled with their commitment to work closely with us to ensure that we meet our target to introduce key elements of this service in the current year."

Andrew Hebron, Head of Products for Wholesale Banking Solutions at Misys, says BACB can also streamline the service they currently provide to the corporates and correspondent banks by using Misys eServices Platform Corporate Edition. "By deploying this solution, BACB can provide a richer level of service and higher quality of information. Its own STP and that of the corporate customers and correspondent banks can be improved at the same time as reducing the cost of supplying this service."

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