Ethiopia’s AIB taps software firm Misys in systems upgrade

Awash International Bank (AIB), Ethiopia's second largest private bank, has upgraded its banking system using the comprehensive software solution, FusionBanking Essence created by Misys, a financial software firm based in London.

The Asset 26 Nov 2014

Awash International Bank (AIB), Ethiopia’s second largest private bank, has upgraded its banking system using the comprehensive software solution, FusionBanking Essence created by Misys, a financial software firm based in London.

With the new system, the Ethiopian bank aims to transform the way it does banking, delivering a modern platform that will boost the bank’s profitability and support its future banking system requirements, said Misys in a statement.

FusionBanking Essence is a comprehensive portfolio of financial solutions for retail and small and medium enterprises (SME) banking. Misys supports both the bank’s retail and core banking system requirements, it said.

The implementation of a new core banking system allows AIB to offer new services to customers in Internet and mobile banking, portal transaction, and point of sale.
AIB also deployed FusionBanking Essence Teller — Misys’ modern, browser-based teller application — across its 97 branches in the country. The rollout will improve AIB’s branch network efficiency and provide improved customer service, it added.

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