Dubai, UAE 17th September 2006 - Commercial Bank International (CBI) today announced its intention to utilise world-renowned Silverlake software throughout its network of branches, Operations, Head Office departments, and subsidiaries.
The introduction of Silverlake technology represents the largest-ever system upgrade of any banking institution in the country and CBI is the first in the region to employ the Silverlake model, which seamlessly integrates various aspects of the banks divisions and systems including Core Banking, Internet Banking, Trade Finance, Treasury, Card Management, CRM, Data Warehouse & MIS, Islamic Banking, Collection and Anti-money Laundry.
Silverlake has an impeccable record of providing state-of-the-art solutions to industries including Airline, Retail and of course Banking & Finance. Silverlake employs more than 1,000 staff in Systems Design, Development, Implementation, Integration, Consultancy and Support services and is recognised as one of the leading integrated system solutions providers in the region, with a dedication to innovation and excellence that has netted the company many prestigious international awards.
Mr. Khamis Buharoon CEO, CBI stated, We are implementing an aggressive plan to achieve results within a short time span and part of this involves utilising the most cutting edge software available. Silverlake fulfils this purpose and our requirements for maximum efficiency and total security. In all, this is in keeping with our policy of being a completely customer-centric corporation.
-Ends-
About Commercial Bank International (CBI)
CBI started operations on May 1991 with one branch in Ras Al Khaimah and one in Dubai with a paid up capital of AED 44 Million and authorized capital of AED 100 Million.
Currently CBI has a network of 8 branches and 18 ATMs spread across the Emirates, in addition to the Call Centre. The staff strength is 339, of which 20% are UAE Nationals.
Issued on behalf of Commercial Bank International by tamra C2.
For further press information please contact
Khalil Majdalawi on:
Tel. (971) 4 2951177;
Fax: (9714) 2951188.
E-mail: khalil@tamra-c2.com
Press Release 2006
