Jan. 8, 2019
Qatar National Bank has named Intellect Global Transaction Banking, from fintech Intellect Design Arena Ltd,. to implement a digital cash management platform at the bank that will cover a range of services including payments, mobile and account services, according to a press release.
QNB, which said it is the largest bank in the Middle East and Africa, will deploy the platform in 14 countries.
QNB's system is designed to make the lender more efficient and and able to handle large volumes of business, supporting an effort to boost the country's SME's and infrastructure firms. The transition coincides with a larger effort called Qatar National Vision 2030, which is designed to create a knowledge-based economy.
"To date the government has been the main driver of the implementation of QNV 2030, but we can play a vital role in nurturing the private sector, providing a one-stop shop for their financial needs and taking a leading role in providing funding and liquidity for infrastructure companies," Adel Al Malki, general manager, information technology, QNB Group, said in the release.
Topics: Mobile Banking, Region: EMEA, Technology Providers
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