COUNTRY FOCUS : BAHRAIN
To help Bahraini businesses thrive , the National Bank of Bahrain embarked on an ambitious plan to expand its treasury activities . The bank grew its treasury operations with enhanced trading capabilities deploying Fusion Kondor from Fintech company Finastra . Maha Al Mahmood , Head of Treasury Customer Service Sales Flow Business , National Bank of Bahrain , tells Intelligent CIO Middle East why the bank rolled out this project .
National Bank of Bahrain transforms its treasury operations with Fusion Kondor
After successfully establishing the
largest customer base for retail banking in its domestic market , National Bank of Bahrain set its sights on enhancing and expanding its treasury operations – a move that would enable the bank to play an even bigger role in the economic growth of the region .
Maha Al Mahmood , Head of Treasury Customer Service Sales Flow Business at National Bank of Bahrain , said : “ To ensure that we always deliver the same excellent level of service for businesses as we do for our retail customers , we launched a Digital Transformation project to strengthen the core systems and processes that support our capital markets operations .”
Through its Digital Transformation initiative , National Bank of Bahrain aims to enable higher levels of automation to improve operational efficiency and extend its offering with innovative products .
Jaffar Hussain , Head of Liquidity and Market Risk , National Bank of Bahrain , added that : “ For our ambitious project to succeed , we needed a robust and flexible end-to-end trading solution . We knew that by automating the majority of our trading operations , including price calculations , trader activity monitoring and risk management , we could provide our customers with ultra-responsive services while also achieving significant efficiency savings .”
Having used Fusion Kondor to support its trading activities for many years , National Bank of Bahrain decided to upgrade to the latest version of the solution to unlock new opportunities for growth .
“ Fusion Kondor has been a global player in treasury systems . We have used the Finastra solution to support our trading operations for some time and knew that we could rely on the solution to deliver the same level of
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