Palestinian bank opts for CEB application solution

Al Rafah Bank, which claims to be the first Palestinian bank specialising in small to medium size funding, has selected a core banking application solution provided by Jordanian systems integrator CEB.

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By  Stuart Wilson Published  June 14, 2006

Al Rafah Bank, which claims to be the first Palestinian bank specialising in small to medium size funding, has selected a core banking application solution provided by Jordanian systems integrator CEB. Al Rafah Bank specialises in small to medium size micro finance services including funding, investment, savings and insurance as a complete package for small and medium enterprises. “We have selected CEB’s banking solution CABS due to its various features, functionalities and client base,” explained Sami Al Saeedi, general manager at Al Rafah Bank. “We have selected and implemented the various modules of this solution to include the banking system, the micro finance system, the signature system, the ATM interface system and the administrative system” he continued. CEB, which is headquartered in Amman, Jordan, was established in 1980 and has emerged as a strong systems integrator covering the Middle East and North Africa (MENA) region. With more than 220 clients across the region CEB works with a number of major vendors including HP, Acer, Nexans, Symantec, ISS and Microsoft in addition to developing its own software solutions for clients. “We continue to strive in providing the banking sector all that is required from a commercial and technical perspective so that any bank in the region can rely on CEB’s established banking solution CABS,” said Ayman Arafeh, general manager at CEB. “CEB is proud to provide Al Rafah Bank with the solution that met all their requirements and we at CEB consider such a partnership as one of the pillars that establishes CEB’s success story in the banking sector in the Middle East and Africa markets,” Arafeh concluded. CEB, which is a subsidiary of Al-Faris National Company for Investment and Export, became the first IT company to list on the Jordan Stock Exchange earlier this year. The company plans to raise further capital to fund its ambitious regional expansion plans.

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