The British Arab Commercial Bank (BACB), a provider of trade and project finance and international payments services for Arab markets, has chosen Misys eServices Platform Corporate and Trade Editions to launch an e-banking 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 multi-currency, multi-lingual framework. According to Misys, 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.
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