Capital Banking Solutions has secured a five-year contract from Bank Audi sal – Audi Saradar Group to provide software solutions to support full range of products and services.
As per the deal, Bank Audi will 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.
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The deal will also see Capital Banking establish as Bank Audi’s outsourced technology partner.
Bank Audi deputy CFO Tamer Ghazaleh said the agreement will enable the bank to further expand its portfolio with new products and services as well as optimize its IT investments and reduce overall costs.
Capital Banking Solutions CEO Nicolas Jabbour said the company employs more than 200 bankers and technologists to serve its customers.
"This exciting partnership with Bank Audi allows us to do what we do best — offer banking and technology guidance, vision and innovation to help align Bank Audi’s technology direction with their aggressive business goals," Jabbour said.
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By GlobalDataBank Audi is a 37.5% shareholder in Capital Banking Solutions, which provides a suite of modular products for retail, corporate and private banks, as well as financial institutions.
