QNB refines equation with Misys
Qatar National Bank picks Misys Equation to provide with a SOA-based solution for refining processes and bringing products to market faster.
Qatar National Bank (QNB) has selected Misys's BankFusion Equation to improve its business processes. The Doha-based bank claims to have the largest distribution network in the Emirate, with 44 branches and affiliates in 22 countries across the world.
According to the software vendor, the latest release of Equation has been redesigned around the concept of service-oriented architecture which has the potential to greatly simply business processes at QNB. The system also automatically generates Java code, cutting down on the possibility of errors from manual inputs.
Guy Warren, EVP and general manager of banking at Misys said: "The ground-breaking technology in BankFusion Equation will allow QNB to launch innovative new products and services quickly to the market. The management team has chosen to invest in Misys, our BankFusion strategy and the future roadmap of the solution. This gives them the most modern, flexible next-generation core banking platform available on the market today to underpin the bank's operations."
"QNB is one of the most advanced banking groups in the GCC region and invests considerable resources in deploying innovative technology and expertise to ensure the seamless delivery of its banking solutions to customers. Advanced platforms such as BankFusion Equation serve the strategic growth objectives of QNB Group by, most importantly, providing an automated risk management framework, whilst seamlessly integrating with existing systems and technologies," said the bank in a prepared statement.