Al-Ahli Bank of Kuwait swaps Misys’ Equation core banking system for Infosys Finacle
Al-Ahli Bank of Kuwait (ABK) has gone live with a new core banking system at its two branches in the UAE (Dubai and Abu Dhabi).
The bank announced its plans to renovate its front-to-back office technology in early 2016.
It signed for a broad range of solutions from Infosys, including for core banking, online and digital banking, treasury and payments.
It is understood the bank’s domestic operations – head office and 31 branches in Kuwait – are due to go live with Finacle imminently.
On the way out are Misys’ Equation (core banking) and Opics (treasury) systems, Banking Technology understands.
ABK also has a subsidiary in Egypt (formerly Piraeus Bank of Egypt), which has 39 branches. ABK Egypt is a long-standing user of Fiserv’s Signature core system. It is believed Finacle will be rolled out there as well.