CASE STUDY
Headquartered in the Kingdom of
Bahrain, Bank ABC (Arab Banking
Corporation B.S.C) operates across
five continents, covering countries in the
Middle East, North Africa, Europe, the
Americas and Asia.
The bank provides innovative global
wholesale banking coverage and products;
including transaction banking (trade
finance and cash management), project
and structured finance, syndications,
treasury and financial markets products and
Islamic banking for corporate and financial
institutions. Bank ABC also offers retail
banking services through its network of retail
banks in Jordan, Egypt, Tunisia and Algeria.
Leading the Fintech agenda in the region,
the bank hosts the Middle East and Africa
Fintech Forum annually with its subsidiary
Arab Financial Services.
The challenge
Ahead of an upcoming SWIFT standards
release, Bank ABC was required to
upgrade its trade finance application
across 10 jurisdictions. The bank identified
this as the perfect opportunity to simplify
its IT infrastructure. In parallel, the bank
also launched an ambitious Digital
Transformation strategy with the aim
of consolidating disjointed workflows
and supporting the growth of its wholesale
banking activities. In the meantime,
Bank ABC also needed to address
business as usual, including a surge in
demand for letters of credit generated
BANK ABC
HAS GREATLY
IMPROVED
OPERATIONAL
EFFICIENCY
AND REDUCED
MAINTENANCE
COSTS-
EMPOWERING
THE BANK TO
FOCUS ON ITS
GROWTH GOALS.
by a change in regulation in one of its
core markets: a growth opportunity that
would have previously put undue pressure
on the organisation.
The solution
Bank ABC deployed Fusion Trade Innovation
from Finastra to standardise its core
wholesale banking systems and processes
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