Qatar’s CQUR Bank partners Finastra to power new online corporate banking portal
Qatar-headquartered CQUR Bank has tapped two Finastra solutions to power a new online banking portal for its corporate clients.
Finastra powers CQUR Bank’s new corporate portal
Supported by Finastra’s corporate channels and trade innovation solutions, the portal seeks to bring host-to-host integration solutions and digital workflows to its clients.
Finastra’s corporate channels act as a digital banking platform, with a consolidated offering of cash, supply-chain finance, lending, trade and treasury services.
Capital Bank of Jordan previously tapped the solution in April to update its corporate banking services.
Likewise, its trade innovation solution is a services platform for trade and supply chain finance, and through its incorporation of straight-through processing, digitisation and data analytics, is set to support the bank’s growth ambitions and its ability to meet the demands of the market.
Justin Kenny, chief operating officer of CQUR Bank, says that in order to meet these “complex demands”, the bank recognised the need to upgrade its online banking solution.
Kenny explains that an upgrade supported by Finastra has afforded the bank “greater connectivity” and “faster onboarding experiences”, along with access to “sophisticated trade finance services”.
He cites the ability to introduce “comprehensive front-end open architecture” as a driver of its selection process.
Adding to this, Kamal El Khoury, managing director, MENAT lending at Finastra, sees demand among corporate banking customers for “faster, digital and connected services” increasing, typically with the aim of better managing their finances and to “pursue new avenues for growth”.
He says that by tapping Finastra for these two solutions, CQUR Bank can “future-proof” its business while “continuing to enhance economic growth through trade and sustainable development”.
