The lender has been provided with an enterprise license agreement to 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.
Based on the terms of the agreement, the financial technology company will also act as the outsourced technology partner for the lender.
Bank Audi deputy CFO Tamer Ghazaleh said that the agreement will enable it to further diversify its portfolio with new value-added products and services while optimizing its IT investments and reducing overall costs.
Managing a branch network of 150 offices in 12 countries, Bank Audi operates as a regional banking organization trading out of the Middle East and has presence in Lebanon, Switzerland, France, Egypt, Saudi Arabia, Monaco and Turkey.
Capital Banking Solutions delivers a suite of integrated and modular products for retail, corporate and private banks, as well as financial institutions across Europe, Africa, the Middle East and the Americas.
