System Access looks to grow regional business

System Access is looking to grow its Middle East client base as the region’s financial institutions embrace the Internet.

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By  Matthew Southwell Published  February 4, 2002

Enterprise banking solution provider, System Access, is looking to grow its Middle East client base as the region’s financial institutions embrace the Internet and IT as a whole.

In order to add to its existing implementations at Arab Banking Corporation in Egypt, Burgan Bank in Kuwait and Saudi Arabia’s Bank Saudi Fransi, the vendor intends to increase its local headcount by 28% and build alliances with experienced local partners. Also under consideration is a specific Islamic banking solution, which should be in place by the end of this calendar year.

Although the company confesses that it is late to market, due to the fact a number of the region’s banks have either already completed implementations or are well on their way to doing so, it believes that there is a market for its solutions.

“We see big demand for Systems Access solutions in the region and expect sales to grow by 50% in the year 2002,” says Olivier Trancart, chief executive officer, System Access.

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