Millionday Monday Night News 2/8/16 Part 1 of 2
Welcome to dinarupdates.com for News Time with Millionday!!
Millionday: NOTE -- THIS FINANCIAL SOFTWARE HAS BEEN USED TO INTIATE IRAQ`S BANKING AND ALLOW ADVANCEMENT --
THIS IS A PRESS RELEASE FROM THE VERY KNOWN AND RESPECTED COMPANY TODAY
Millionday: Trade Bank of Iraq (TBI) selects Misys to provide world class banking solutions Dubai, 8 February 2016: Misys, the leading financial software company, today announced that it has been selected by Trade Bank of Iraq (TBI) as a strategic partner to assist the bank in upgrading to a next generation digital platform in order to gain a competitive edge in Iraq’s growing banking industry.
Millionday: NOTE -- MISYS HAS BEEN WORKING WITH IRAQ FOR YEARS ON THIS PLATFORM -- TEN YEARS I BELIEVE SO THIS ANNOUNCEMENT IS NEW INFORMATION
~~~
Welcome to dinarupdates.com for News Time with Millionday!!
Millionday: NOTE -- THIS FINANCIAL SOFTWARE HAS BEEN USED TO INTIATE IRAQ`S BANKING AND ALLOW ADVANCEMENT --
THIS IS A PRESS RELEASE FROM THE VERY KNOWN AND RESPECTED COMPANY TODAY
Millionday: Trade Bank of Iraq (TBI) selects Misys to provide world class banking solutions Dubai, 8 February 2016: Misys, the leading financial software company, today announced that it has been selected by Trade Bank of Iraq (TBI) as a strategic partner to assist the bank in upgrading to a next generation digital platform in order to gain a competitive edge in Iraq’s growing banking industry.
Millionday: NOTE -- MISYS HAS BEEN WORKING WITH IRAQ FOR YEARS ON THIS PLATFORM -- TEN YEARS I BELIEVE SO THIS ANNOUNCEMENT IS NEW INFORMATION
~~~
Millionday: Hamdiyah Mahmood Faraj Al-Jaff, Chairman, Trade Bank of Iraq said, “We understand the importance of implementing advanced solutions in order for us to better serve our customers.
Research has shown that with the aggressive entry of foreign banks into Iraq, a large portion of market share will be lost unless we make the effort to modernize at a rapid scale.
Millionday: NOTE -- UNDERSTAND THAT THE REASON THAT TBI CHOSE TO CHOOSE MISYS WOULD BE DUE TO >>>>>Research has shown that with the aggressive entry of foreign banks into Iraq, a large portion of market share will be lost unless we make the effort to modernize at a rapid scale.>>> A MARKET SHARE IS ONLY REFLECTIVE ON THE STOCK MARKET
Millionday: Therefore, choosing the right technology partner was critical and over the last ten years, Misys and TBI have achieved major milestones that have put us at the forefront of the banking industry.
We look forward to continuing our long-standing partnership to achieve our ambitious growth plans to deliver an integrated banking system that will allow us to bring new financial products to market quickly and better service our customers.”
Millionday: NOTE -- TBI IS ANNOUNCING THE CHOICE TO USE MISYS ON GOING -- THEY WILL BE MOVING FORWARD WITH TBI TO COMPETE WITH THE AGGRESSIVE ENTRY OF FOREIGN BANKS
Millionday: NOTE -- THIS IS A PRESS RELEASE
Millionday: Fady Fiani, Head of Sales, Middle East and South Asia, Misys said, “Trade Bank of Iraq is playing an important role in helping with the economic rehabilitation of Iraq.
We successfully implemented two major projects with TBI in 2003 and 2009 and look forward to aiding their continued growth and expansion. Our solutions will help address key areas of concern for TBI, such as offering new products and services that will allow them to provide customers with modern banking options, while enabling them to reduce credit, operational and IT risks.”
Millionday: READ EVERY WORD >>>TBI is set to upgrade its existing core banking infrastructure through the implementation of the latest version of Misys FusionBanking Equation to offer a feature-rich banking experience. In addition, products such as FusionBanking Essence Teller will help create a more efficient branch network and offer a superior customer experience. The contract was signed at Trade Bank of Iraq’s premises in Baghdad on 14 October.
Millionday: NOTE -- THE ADVANCED TECHNOLOGY THAT WE HAVE HEARD SO MUCH ABOUT HAS BEEN PLACED IN TBI`S CORE -- THEY ARE SET TO UPGRADE THIS ALREADY DONE TO SERVICE CUSTOMERS ON-LINE
Millionday: COMMERCIAL AND DOMESTIC ETC
Millionday: Once the implementation is complete TBI will then embark on the second phase to add new products and services for its clients, in order to offer a complete end-to-end modern banking solution.
This will enable the bank to offer next generation online and mobile banking applications that will generate new sources of revenue while building customer loyalty through an enriched omni-channel banking experience.
Millionday: NOTE -- THE GOAL HERE IS TO EXPAND IN A HURRY TO ADD MORE SERVICES --- AND TAKE PART OF THE MARKET SHARES
Millionday: “As the banking sector in the Middle East continues to face new challenges, it is important for Misys to work closely with our clients; helping them to evolve and meet new requirements from changing regulation to digitisation.
This deal is a perfect example of our ongoing commitment to our clients in the region, and I look forward to a successful implementation,” said Sohail Khan, Managing Director, Middle East and Africa, Misys.
Millionday: WHOOOPOW
Millionday: Misys and TBI have worked together for the past ten years, achieving major strides in the financial sector in Iraq with TBI being the first bank to automate its banking operations.
In addition, the bank introduced the market’s first ATM solutions and Visa and Mastercard offerings that earned it recognition in the form of multiple awards for trade finance
Millionday: Misys has built a vast amount of knowledge and expertise in the trade finance and financial supply chain market, with award-winning solutions from the front office through to the back office and digital channels. This enables Misys to add real value to customers and continue to be an innovator in the market
Millionday: SO AS WE SEE THIS IS A MARKET EXPANSION TO ALLOW TRADE ABILITY BY TBI AND GAIN IN THE BANKING BUSINESS THEY HAVE NOW
Millionday: I LIKE THIS -- TBI OF COURSE WE KNOW IS HUGE IN THE ADVANCEMENT OF THE INDUSTRY AND THE PROJECTS AS WE HAVE SEEN ---
Millionday: SO NOW WE SHOULD SEE WHAT IS GOING ON IN INDUSTRY AND WHAT HAPPENED TODAY
Imperator: so HUGE!!!!!
Millionday: I AGREE -- HUGE AND A LOT OF MONEY FOR THE ADVANCEMENT --- THIS IS GREAT TO SEE
Millionday: About Misys: Misys is at the forefront of the financial software industry, providing the broadest portfolio of banking, capital markets, investment management and risk solutions available on the market.
With more than 2,000 customers in 130 countries our team of domain experts, combined with our partner eco-system, have an unparalleled ability to address industry requirements at both a global and local level.
We connect systems, collect data and create intelligent information to drive smarter business decisions. To learn more about how our Fusion software portfolio can deliver a holistic view of your operations, and help you to solve your most complex challenges
Millionday: HOLD ON THEY HAVE A CALCULATION LINK IN THAT REPORT -- LET ME CHECK IT TO SEE IF IT HAS ANYTHING INTERESTING
Millionday: NOTE -- THIS IS AN EXPLANATION OF THE CALULATION THEY DO WITHIN CORE BANKING
Millionday: FusionBanking
Equation
Change at the Core
FusionBanking Equation has the depth and breadth of functionality to support core banking operations and has more than 250 installations worldwide. Complemented by a modern and componentised architecture, it offers a proven route to increased business agility and is the ideal platform for strategic growth.
Millionday: WHOOPOW -- STRATEGIC GROWTH PLEASE
Millionday: Banks worldwide are seeking to increase profitability by expanding into new markets and customer segments, offering competitive products and supporting an increasing array of channels.
Innovation is crucial for success, but there is also relentless focus on efficiency and productivity and a need for easy implementation. How can these objectives be pursued in parallel?
Millionday: NOTE -- WE ARE STILL LOOKING AT WHAT THEY MEAN WHEN THEY SAY THAT THIS IS WHAT --TBI--IS ANNOUNCING
Millionday: FusionBanking Equation is one of the most popular core banking systems available, it is continually proven in some of the world’s toughest banking environments. Banks worldwide benefit from its rich functional coverage, proven architecture and unfailing reliability. FusionBanking Equation is the ideal core banking system for any large, universal bank.
Millionday: WOW
Millionday: DOESNT LOOK LIKE A HOMETOWN BANK
Research has shown that with the aggressive entry of foreign banks into Iraq, a large portion of market share will be lost unless we make the effort to modernize at a rapid scale.
Millionday: NOTE -- UNDERSTAND THAT THE REASON THAT TBI CHOSE TO CHOOSE MISYS WOULD BE DUE TO >>>>>Research has shown that with the aggressive entry of foreign banks into Iraq, a large portion of market share will be lost unless we make the effort to modernize at a rapid scale.>>> A MARKET SHARE IS ONLY REFLECTIVE ON THE STOCK MARKET
Millionday: Therefore, choosing the right technology partner was critical and over the last ten years, Misys and TBI have achieved major milestones that have put us at the forefront of the banking industry.
We look forward to continuing our long-standing partnership to achieve our ambitious growth plans to deliver an integrated banking system that will allow us to bring new financial products to market quickly and better service our customers.”
Millionday: NOTE -- TBI IS ANNOUNCING THE CHOICE TO USE MISYS ON GOING -- THEY WILL BE MOVING FORWARD WITH TBI TO COMPETE WITH THE AGGRESSIVE ENTRY OF FOREIGN BANKS
Millionday: NOTE -- THIS IS A PRESS RELEASE
Millionday: Fady Fiani, Head of Sales, Middle East and South Asia, Misys said, “Trade Bank of Iraq is playing an important role in helping with the economic rehabilitation of Iraq.
We successfully implemented two major projects with TBI in 2003 and 2009 and look forward to aiding their continued growth and expansion. Our solutions will help address key areas of concern for TBI, such as offering new products and services that will allow them to provide customers with modern banking options, while enabling them to reduce credit, operational and IT risks.”
Millionday: READ EVERY WORD >>>TBI is set to upgrade its existing core banking infrastructure through the implementation of the latest version of Misys FusionBanking Equation to offer a feature-rich banking experience. In addition, products such as FusionBanking Essence Teller will help create a more efficient branch network and offer a superior customer experience. The contract was signed at Trade Bank of Iraq’s premises in Baghdad on 14 October.
Millionday: NOTE -- THE ADVANCED TECHNOLOGY THAT WE HAVE HEARD SO MUCH ABOUT HAS BEEN PLACED IN TBI`S CORE -- THEY ARE SET TO UPGRADE THIS ALREADY DONE TO SERVICE CUSTOMERS ON-LINE
Millionday: COMMERCIAL AND DOMESTIC ETC
Millionday: Once the implementation is complete TBI will then embark on the second phase to add new products and services for its clients, in order to offer a complete end-to-end modern banking solution.
This will enable the bank to offer next generation online and mobile banking applications that will generate new sources of revenue while building customer loyalty through an enriched omni-channel banking experience.
Millionday: NOTE -- THE GOAL HERE IS TO EXPAND IN A HURRY TO ADD MORE SERVICES --- AND TAKE PART OF THE MARKET SHARES
Millionday: “As the banking sector in the Middle East continues to face new challenges, it is important for Misys to work closely with our clients; helping them to evolve and meet new requirements from changing regulation to digitisation.
This deal is a perfect example of our ongoing commitment to our clients in the region, and I look forward to a successful implementation,” said Sohail Khan, Managing Director, Middle East and Africa, Misys.
Millionday: WHOOOPOW
Millionday: Misys and TBI have worked together for the past ten years, achieving major strides in the financial sector in Iraq with TBI being the first bank to automate its banking operations.
In addition, the bank introduced the market’s first ATM solutions and Visa and Mastercard offerings that earned it recognition in the form of multiple awards for trade finance
Millionday: Misys has built a vast amount of knowledge and expertise in the trade finance and financial supply chain market, with award-winning solutions from the front office through to the back office and digital channels. This enables Misys to add real value to customers and continue to be an innovator in the market
Millionday: SO AS WE SEE THIS IS A MARKET EXPANSION TO ALLOW TRADE ABILITY BY TBI AND GAIN IN THE BANKING BUSINESS THEY HAVE NOW
Millionday: I LIKE THIS -- TBI OF COURSE WE KNOW IS HUGE IN THE ADVANCEMENT OF THE INDUSTRY AND THE PROJECTS AS WE HAVE SEEN ---
Millionday: SO NOW WE SHOULD SEE WHAT IS GOING ON IN INDUSTRY AND WHAT HAPPENED TODAY
Imperator: so HUGE!!!!!
Millionday: I AGREE -- HUGE AND A LOT OF MONEY FOR THE ADVANCEMENT --- THIS IS GREAT TO SEE
Millionday: About Misys: Misys is at the forefront of the financial software industry, providing the broadest portfolio of banking, capital markets, investment management and risk solutions available on the market.
With more than 2,000 customers in 130 countries our team of domain experts, combined with our partner eco-system, have an unparalleled ability to address industry requirements at both a global and local level.
We connect systems, collect data and create intelligent information to drive smarter business decisions. To learn more about how our Fusion software portfolio can deliver a holistic view of your operations, and help you to solve your most complex challenges
Millionday: HOLD ON THEY HAVE A CALCULATION LINK IN THAT REPORT -- LET ME CHECK IT TO SEE IF IT HAS ANYTHING INTERESTING
Millionday: NOTE -- THIS IS AN EXPLANATION OF THE CALULATION THEY DO WITHIN CORE BANKING
Millionday: FusionBanking
Equation
Change at the Core
FusionBanking Equation has the depth and breadth of functionality to support core banking operations and has more than 250 installations worldwide. Complemented by a modern and componentised architecture, it offers a proven route to increased business agility and is the ideal platform for strategic growth.
Millionday: WHOOPOW -- STRATEGIC GROWTH PLEASE
Millionday: Banks worldwide are seeking to increase profitability by expanding into new markets and customer segments, offering competitive products and supporting an increasing array of channels.
Innovation is crucial for success, but there is also relentless focus on efficiency and productivity and a need for easy implementation. How can these objectives be pursued in parallel?
Millionday: NOTE -- WE ARE STILL LOOKING AT WHAT THEY MEAN WHEN THEY SAY THAT THIS IS WHAT --TBI--IS ANNOUNCING
Millionday: FusionBanking Equation is one of the most popular core banking systems available, it is continually proven in some of the world’s toughest banking environments. Banks worldwide benefit from its rich functional coverage, proven architecture and unfailing reliability. FusionBanking Equation is the ideal core banking system for any large, universal bank.
Millionday: WOW
Millionday: DOESNT LOOK LIKE A HOMETOWN BANK
Millionday: THIS IS AN EXTENSION ON THE SITE THAT LEADS TO MORE INFO DOWNLOADS >>>Related Components
Extend FusionBanking Equation
FusionBanking Essence Teller Software Overview
Fusionbanking Generic Brochure Cover
Read more about FusionBanking Essence Teller
Download brochure >
FusionBanking Essence Islamic Solution Insight
Fusionbanking Generic Brochure Cover
FusionBanking Essence Islamic Solution Insight
Download brochure >
Millionday: SO VERY INTERESTING DONT YOU THINK ?
Millionday: SMILE
Imperator: yes its the major leagues now
Millionday: LOOKS PRETTY BIG FOR THE COUNTRY IN ITS PRESENT FORM -- I FIND IT VERY INTERESTING THAT THIS PRESS RELEASE HAS BEEN MADE
Comments may be made at the end of Part 2 Thank You
Extend FusionBanking Equation
FusionBanking Essence Teller Software Overview
Fusionbanking Generic Brochure Cover
Read more about FusionBanking Essence Teller
Download brochure >
FusionBanking Essence Islamic Solution Insight
Fusionbanking Generic Brochure Cover
FusionBanking Essence Islamic Solution Insight
Download brochure >
Millionday: SO VERY INTERESTING DONT YOU THINK ?
Millionday: SMILE
Imperator: yes its the major leagues now
Millionday: LOOKS PRETTY BIG FOR THE COUNTRY IN ITS PRESENT FORM -- I FIND IT VERY INTERESTING THAT THIS PRESS RELEASE HAS BEEN MADE
Comments may be made at the end of Part 2 Thank You
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