Oman Arab Bank has chosen FusionBanking Essence core banking platform from Finastra to accelerate growth and improve customer experience.
The new solution, which will replace its existing FusionBanking Equation platform, will be deployed in the bank’s 65 branches and representative offices across Oman.
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The vendor said that FusionBanking Essence will offer the bank a consistent experience across multiple channels, as well as speed up the process of bringing new products to market.
Oman Arab Bank CTO Mustafa Srour said: “FusionBanking Equation has been a reliable core banking solution but we’ve had it in place for a good while so it makes sense to transition to FusionBanking Essence to future-proof our technology investment and support the evolution of our bank.”
Finastra CEO Nadeem Syed added: “FusionBanking Essence will support the bank’s ambitious growth goals as it continues to build its retail client base and increase revenue. The platform is well placed to differentiate the bank when it comes to taking on the competition in Oman and excels where customer-centricity is concerned.”
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By GlobalData
