Kuwait based leading solution provider, International Turnkey Systems (ITS) announced the successful package upgrade of PHOENIX Core Banking system to the latest version of ETHIX-Core Banking solution for the Commercial Bank of Dubai (CBD).
This upgradation will facilitate the Bank’s offering of full fledged 24/7 banking operations across all branches and Head Office, in addition to overall performance enhancement and Digital Banking support.
Commenting on the successful project, Essam Al Khishnam, CEO at ITS said: “ITS are very pleased to announce another successful project for a prestigious client, underscoring the growing advantages that financial institutions can obtain by utilizing our cutting-edge Shariah-compliant solutions in an ever increasing FinTech world.”
CBD, a leading bank in the UAE appointed ITS to upgrade the system, which was originally deployed in 2012. The upgrade to the ETHIX-Core Banking Solution added a number of features that will contribute to expanding the banking capabilities both during day operations as well as end of day operations.
Harris Mygdalis, deputy CIO at Commercial Bank of Dubai said, “The Commercial Bank of Dubai strives to continuously modernize the Core Banking system and services in order to offer an innovative and completely secure service experience to our extensive customer base. We are very pleased with the performance of the ITS team who successfully completed the Bank’s ETHIX-Core Upgrade project on time and without any post-rollout issues. Meticulous planning, multiple rehearsals, a well defined project scope, and over 900 systematic tests with close involvement with the CBD team ensured flawless execution with no major glitches”.
