Capital Banking Solutions has announced a five-year agreement with Bank Audi to provide software solutions.
The firm will provide its services to Bank Audi's full range of products and offerings, in addition to being established as its outsourced technology partner.
Under the terms of the deal, Bank Audi is granted an Enterprise License Agreement to use Capital Banking Solutions' product portfolio for core banking, business intelligence, compliance, customer relationship management, portfolio management and multi-channel support including internet and mobile banking.
Tamer M Ghazaleh, deputy chief financial officer of Bank Audi, said: "We are excited about this relationship with Capital Banking Solutions, which allows us to further diversify our portfolio with new value-added products and services while optimizing our IT investments and reducing overall costs."
Bank Audi is one of the top regional banking institutions operating out of the Middle East and present in countries including Lebanon, Switzerland, France, Egypt, Saudi Arabia, Monaco and Turkey.
By Gary Cooper