Capital Bank taps Finastra for corporate digital banking platform
Capital Bank of Jordan has gone live with Finastra’s Corporate Channels offering as it looks to automate its core processes and enhance its banking services for businesses in Jordan, Iraq and Saudi Arabia.
Capital Bank taps Finastra for corporate digital banking upgrade
Finastra says the bank will also deploy its Trade Innovation solution “soon” along with other corporate services. Once fully implemented, the vendor says its tech will enable Capital Bank to digitalise manual tasks, process lending operations faster and at a lower cost, and offer customers a single point of entry for all corporate services.
The Corporate Channels digital banking platform provides a single portal to unify trade, cash, supply chain finance, lending, and treasury services for corporate clients.
Trade Innovation is an end-to-end solution for frictionless trade and supply chain finance which utilises straight-through processing, digitalisation, and data analytics to evolve along with compliance, customer, and competitive demands.
Capital Bank chief institutional banking officer Yasser Kleib says the firm’s corporate banking business “is critical for our bottom line” and the bank needed solutions that can support its growth.
Group chief operating officer Izzidin Abusalameh adds that the bank chose Finastra due to its easy integrations with Swift and its “fast bulk payment functionality”.
IBC Consult, a provider of banking services in the MENA region, is handling the implementation of the solutions.
