AIB Launched New Core Banking System
Press Release
Addis Ababa, Ethiopia – November 04, 2014 –Awash International Bank S.C, a leading player in the Ethiopian Private Banking space today announced the successful launch and rollout of Misys flagship product: Fusion Banking Essence (FBE) in close to 100 branches at one go replacing Bank Master!
The implementation of the project took only 14 months.
As a Bank which has been continuously setting the bar high and as a constant trend setter with sights set on ambitious local and regional expansion, Awash International Bank S.C. needed a fast, flexible way to scale up its banking operations and launch new services that would help it win and retain more customers. The Bank selection and implementation of Misys FBE as its strategic Banking platform will definitely enable the Bank to strategically position itself to meet the ever growing demand of its customers, changing Business Landscape by having a solution in place that offers scalability and support for huge volumes of customers and accounts, hence meet the Bank’s Ambitious growth objectives.
This solution will give AIB an edge over competition by helping meet market demands with greater agility. Automated services of the core banking solution will ensure faster processing of front and back office requests and an improved turnaround time for customers. With this solution, the Bank will also be able to bring to market targeted and innovative services faster than ever before. With FBE, Awash International Bank S.C. has gained the ideal foundation for driving fast, effective and innovative banking services that is future proof!
“This is another mark of our success, excellence and our deep commitment to our customers Business, once again our Bank has proved its conviction in the value of Technology as a Business enabler. Our Bank is well poised to stir through the transformative journey empowering its customers and I would like to take this opportunity to reassure our continuous investment in Technology and our internal Capability to surpass the demand” The President of Awash International Bank S.C, Ato Tsehay Shiferaw, said
Having a continued privilege to be Awash’s long-term technology partner is an exciting opportunity for us,” said Nadeem Syed, CEO of Misys at a press conference held in Awash Tower”. As a forward-looking bank, Awash has rightly chosen to leverage technology to power business transformation and growth. FBE is the technology platform that can serve as an effective foundation for Awash and other banks in Ethiopia as they find ways to engage more customers.
Source: Awash Bank International
