UK Firms introduce new Banking Systems at National Bank of Iraq

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UK Firms introduce new Banking Systems at National Bank of Iraq

The National Bank of Iraq (NBI) has launched three new banking systems.

Capital Bank of Jordan (majority shareholder of NBI) will enhance trade finance operations with software from UK-based Finastra, says Izzidin Abusalameh, Group COO.

Both NBI and Capital Bank of Jordan have successfully implemented Transact, a core banking solution from British company Temenos.

Temenos’ Payment Hub is set to replace the outdated systems currently in use at NBI.