Qatar National Bank has licensed BankFusion Equation from Misys, a global application software and services company, to support its business strategy.
BankFusion Equation tailors business processes to the requirements of each bank eliminating any constraints of underlying technology. BankFusion Equation automatically generates the system’s Java code, reducing manual input and errors and accelerating solution modifications.
In the latest release of the solution, Equation has been re-architected into an SOA environment using Misys’ BankFusion platform. Misys BankFusion Equation provides improved security and risk management capabilities as well as the flexibility to scale the business as per requirement.
ANB said: “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.”
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.”