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Focus Solutions to provide Cairo Amman Bank with various IT business solutions
- Jordan: Sunday, June 24 - 2007 at 14:57
- PRESS RELEASE
Focus Solutions, a company that excels in the field of software development and in finding practical solutions for financial and profession institutions, has signed an agreement with Cairo Amman Bank to provide the bank with Focus Power Legal, Focus Power Recovery (Remedial), Focus Power Collection, Focus Power Dead Credit.
Focus Solutions will be developing, installing, setting up and configuring the solutions in an efficient manner that will fulfil the needs of Cairo Amman Bank. These solutions will support the bank in managing bad debt accounts on different levels such as collection, recovery, write off, and legal.
The solutions will also increase the bank's efficiency in related departments, while providing MIS systems for each department as well. Cairo Amman Bank will also benefit from these solutions as they build a knowledge management system as well as standardizing the various processes in different departments.
Samer Jabari, CEO of Focus signed the agreement with Khalid Sabieh Masri, Chairman of Cairo Amman Bank who signed on behalf of the Cairo Amman Bank.
Regarding the agreement, Mr. Jabari and Focus CTO Rami Quttaineh, stated, "We are proud to have signed this agreement with Cairo Amman Bank as it is renowned for being one of the biggest banking institutions in Jordan. Providing software solutions to prominent financial institutions demonstrates our company's capabilities and builds confidence in our new products for remedial, collection and bad debt management. Cairo Amman Bank will be the 10th bank that utilizes our applications in the Kingdom and we believe this will help us increase our market share among the Jordanian banks. Overall, there is no doubt that this agreement with Cairo Amman Bank will open a door for us while increasing our opportunities to work together again in the future."
Khalid Sabieh Masri also commented on the agreement, saying, "In light of the accelerated development of modern technology and our strong belief in finding practical solutions to manage bad debt, we are working with Focus to optimize our management of information. Focus's highly intelligent solutions are clearly in high demand and Cairo Amman Bank will surely benefit from this software to the greatest extent."
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