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Qatar International Islamic Bank upgrades core system

Qatar International Islamic Bank is implementing a new version of Misys’ core system for Islamic banks, FusionBanking Essence Islamic, front-to-back office. The bank is already using Misys’ FusionBanking Equation core and Trade Innovation for trade finance, plus the vendor’s payments management software. Nasser Hasan Mahmoud, head of IT at the bank said he is confident the new solution will enable the bank to streamline processes, improve operational efficiency, and deliver Shari’ah-compliant products and services to its clients quicker.

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