Iraqi News United Bank of Iraq for Investment selects banking software Banks from International

[ISXme]

International Computer Systems (London) Ltd. (ICS) and Computer and Communications Systems Ltd. (CCS), two of the leading companies in the automation and computerization of banking systems, have announced the signing of a new agreement with United Bank of Iraq for Investment for the implementation of International Computer Systems' universal banking software solution "Banks".

The agreement was signed in Amman - Jordan, and took place at CCS headquarters. The signing ceremony was attended by United Bank of Iraq for Investment's Vice-Chairman of the Board of Directors; Mr. Raad Al Badri, Director of International Computer Systems (ICS); Mr. Robert Hazboun, General Manager of Computer and Communications Systems (CCS) in Palestine; Mr. Nasser Abu Hijlah and General Manager of Al Awa'el for Information Technology Services - a division of CCS - Mr. Zuheir Qulaghasi.

Mr. Al Badri, Vice-Chairman of the Board of Directors for United Bank of Iraq for Investment, was very pleased of opting one of the leading universal banking solutions Banks, hoping that the agreement marks the beginning of a lasting partnership and cooperation with International Computer Systems (London).

"The Iraqi financial market is experiencing a bright launching, and proceeding to bring the best and the latest global banking services to its clients by introducing and developing within the banks structure the best modern international banking system applications. As a result, United Bank of Iraq for Investment is ensuring the best of breed technology delivery to its client by opting one of the leading banking solutions provider; Banks," said Mr. Raad Al Badri, Vice-Chairman of the Board of Directors, United Bank of Iraq for Investment.

Mr. Robert Hazboun; Director of International Computer Systems (ICS), announced during the signing of the agreement, "We have been providing the Iraqi financial market with a complete suite of banking and financial systems for many years, and have witnessed our customers' growth in Information Technology needs throughout these years. We welcome United Bank of Iraq for Investment to our Banks family reference and users, and are proud to serve them as their technology partner. Our Banks Investment package offer an essential, straight through processing and end to end event driven processing for a wide range of financial products including securities, equities and derivatives. ICS will ensure United Bank of Iraq for Investment to provide high level banking services to their customers."

This new agreement for ICS' Banks solution makes United Bank of Iraq for Investment the 9th user of Banks in Iraq and 62nd worldwide.

ICS' Banks solutions utilize the world's leading technologies to deliver extraordinary value, through unifying and automating the enterprise processes on a multi-lingual and multi institution features, providing our banking clients with an incredible flexible best-of-breed technology and offer unparalleled support, that have been assembled by team of hundreds; dedicated programmers, banking and finance experts who have successfully delivered turnkey solutions to clients of all sizes over three decades of experience.

http://www.ameinfo.com/221000.html

[Warmav]

good stuff, thanks for the info

[minichaser]

Interesting info

[THJ]

This article is from Jan 13th but is an event that we should keep in the front of our minds as another indication of how close the revaluation of the dinar is. These investments in Iraq are dirt cheap right now. They can't and won't stay that way very long. They can not!

[Miss Muffet]

I agree THJ, the electronic bank system is already in place....they even have ATM....to help in the transfering from one currency to the next.....once this pops the investments are going to go thru the roof.....water, sewage, farming, roads, and so much more...just no microbreweries

[cinnibuns]

interesting

[valu]

is this not the bank ali purchased? just wondering from memory!