Intelligent CIO Middle East Issue 83 - Page 62

CASE STUDY

FINASTRA HAS PLAYED A KEY ROLE IN EXPANDING OUR SERVICE OFFERINGS AND ENHANCING THE INTERNAL TOOLS SUPPORTING OUR CORE TRADING ACTIVITIES , WHICH IS HELPING US TO REALISE OUR AMBITIOUS PLAN TO EXPAND OUR TREASURY OPERATIONS .

New chapter for National Bank of Bahrain
Today , the results are impressive , and the National Bank of Bahrain is reaping the rewards of an ultraefficient , futureproof trading solution .
And by stepping up its trading activities with Fusion Kondor , the National Bank of Bahrain has significantly improved operational efficiency and risk management .
Now , the bank is better equipped to explore new avenues for product development .
Hussain said : “ Upgrading to Fusion Kondor has opened up the capital markets sector for the National Bank of Bahrain and is helping us to expand our market share in this arena . Ultimately , this will help us to provide more innovative banking services that will help businesses to drive economic growth and infrastructural development in Bahrain .”
Al Mahmood added : “ Fusion Kondor will improve the efficiency of our trading and treasury operations . We will be able to settle and process payments faster , react more quickly to market changes , and run daily operations more effectively . What ’ s more , Fusion Kondor will also help us to strengthen our risk management capabilities , which will increase our resiliency in the event of unexpected market changes .”
With the latest version of the solution now in place , the National Bank of Bahrain can explore opportunities to enhance its products and services leveraging the solutions open APIs . This will help the bank drive innovation in the sector that can keep pace with changing market conditions and evolving and regulatory requirements .
Hussain explained that : “ Finastra has played a key role in expanding our service offerings and enhancing the internal tools supporting our core trading activities , which is helping us to realise our ambitious plan to expand our treasury operations . We look forward to continuing our work with Finastra to build the bank of the future .” p
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