NBP plans to reach out to its clientele by opening multiple branches and expanding its ATM operations, internet banking services, and payment systems. NBP has contracted ABANA and Compass Plus to support its expansion through the implementation of alternative delivery channels. ABANA and Compass Plus will provide NBP with an ATM switch, card management system, and internet banking solutions on a single platform.
ABANA and Compass Plus offered NBP TranzWare Online to enable secure and robust ATM switching, alongside feature-rich highly customisable TranzWare CMS, for the management of card issuance and circulation, as well as TranzWare Internet Banking, that will provide unlimited opportunities in establishing a competitive financial web service.
"We have decided to partner with ABANA and Compass Plus because of a combination of their market reputation and the single platform solution offered to us. Their application is ready to integrate with our existing systems, making the implementation cost-effective for us," said Muhammad Imran Ahmed, head of retail banking, NBP. "We are confident that ABANA's experience in serving the banks in the Kingdom and Compass Plus' value-added solutions will help us realise our growth potential," he added.
"We are delighted by the trust and confidence that NBP has given to us. We are looking forward to a long-term partnership and for ABANA to be instrumental to the growth of NBP in Saudi Arabia," said Abdullah Bin Jebreen, president, ABANA.
2011 CPI Financial. All rights reserved.
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